US Alliance S-4 1 Jun 17 2017 Q1 Registration of securities issued in business combination transactions Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Mar. 31, 2017	Apr. 30, 2017
Document Information [Line Items]
Entity Registrant Name	US Alliance Corp
Entity Central Index Key	1,463,913
Trading Symbol	usac
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Entity Common Stock, Shares Outstanding (in shares)		5,600,339
Document Type	S4
Document Period End Date	Mar. 31, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q1
Amendment Flag	false

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Assets
Available for sale securities	$ 15,463,578	$ 11,735,387
Cash and cash equivalents	3,145,745	2,466,526
Investment income due and accrued	100,713	78,540
Reinsurance related assets	31,390	21,444
Deferred acquisition costs, net	153,792	86,053
Property, equipment and software, net	244,849	283,582
Pre-paid expenses	3,474	123,162
Other assets	48,448	7,504
Total assets	19,191,989	14,802,198
Liabilities:
Deposit-type contracts	3,398,170	1,573,988
Policyholder benefit reserves	4,220,215	2,576,964
Advance premiums	121,944	69,573
Total policy liabilities	7,740,329	4,220,525
Accounts payable and accrued expenses	66,472	85,888
Other liabilities	4,205	4,992
Total liabilities	7,811,006	4,311,405
Shareholders' Equity:
Common stock, $0.10 par value. Authorized 9,000,000 shares; issued and outstanding 5,565,943 and 5,177,245 shares as of December 31, 2016 and 2015, respectively	556,595	517,725
Outstanding warrants		15,876
Common stock subscribed		13,799
Common stock subscription receivable	0	(827,952)
Additional paid-in capital	18,017,163	17,018,285
Accumulated deficit	(7,432,236)	(6,146,463)
Accumulated other comprehensive income (loss)	239,461	(100,477)
Total shareholders' equity	11,380,983	10,490,793
Total liabilities and shareholders' equity	19,191,989	14,802,198
Fixed Maturities [Member]
Assets
Available for sale securities	10,320,074	8,131,119
Equities, Including Equity Securities and Other Equity Investments [Member]
Assets
Available for sale securities	$ 5,143,504	$ 3,604,268

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - USD ($)	Mar. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Available for sale securities, amortized cost	$ 16,893,064	$ 15,224,117	$ 11,835,864
Common stock, par value (in dollars per share)	$ 0.10	$ 0.10	$ 0.10
Common stock, shares authorized (in shares)	9,000,000	9,000,000	9,000,000
Common stock, shares issued (in shares)	5,583,702	5,565,943	5,177,245
Common stock, shares outstanding (in shares)	5,583,702	5,565,943	5,177,245
Fixed Maturities [Member]
Available for sale securities, amortized cost	$ 11,633,957	$ 10,318,164	$ 8,310,159
Equities, Including Equity Securities and Other Equity Investments [Member]
Available for sale securities, amortized cost	$ 5,259,107	$ 4,905,953	$ 3,525,705

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Loss - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016	Dec. 31, 2015
Income:
Premium income	$ 1,749,928	$ 1,357,372	$ 5,948,978	$ 4,143,344
Net investment income	126,020	91,261	449,951	291,208
Net realized (loss) gain on sale of securities	192,405	10,838	100,378	(1,524)
Other income	20,202	13,405	87,566	34,101
Total income	2,088,555	1,472,876	6,586,873	4,467,129
Expenses:
Death claims	392,588	116,527	651,844	363,870
Policyholder benefits	973,724	722,145	3,207,074	2,166,113
Increase in policyholder reserves	264,978	359,552	1,440,737	1,214,695
Commissions, net of deferrals	124,291	108,215	457,671	361,943
Amortization of deferred acquisition costs	37,764	37,457	153,671	113,294
Salaries & benefits	178,192	188,367	752,534	683,383
Other operating expenses	285,766	267,330	1,209,115	901,208
Total expense	2,257,303	1,799,593	7,872,646	5,804,506
Net loss	(168,748)	(326,717)	(1,285,773)	(1,337,377)
Unrealized net holding (losses) gains arising during the period	215,442	282,417	440,316	(389,083)
Reclassification adjustment for loss (gains) included in net loss	(192,405)	(10,838)	(100,378)	1,524
Other comprehensive (loss) income	23,037	271,579	339,938	(387,559)
Comprehensive loss	$ (145,711)	$ (55,138)	$ (945,835)	$ (1,724,936)
Net loss per common share, basic and diluted (in dollars per share)	$ (0.03)	$ (0.06)	$ (0.24)	$ (0.30)

Consolidated Statements of Chan

Consolidated Statements of Changes in Shareholders' Equity - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	Warrant [Member]	Common Stock Subscribed [Member]	Subscription Receivable [Member]	AOCI Attributable to Parent [Member]	Retained Earnings [Member]	Total
Balance (in shares) at Dec. 31, 2014	4,232,400
Balance at Dec. 31, 2014	$ 423,240	$ 11,353,508	$ 25,324			$ 287,082	$ (4,809,086)	$ 7,280,068
Balance at Dec. 31, 2015	$ 517,725	17,018,285	15,876	$ 13,799	$ (827,952)	(100,477)	(6,146,463)	$ 10,490,793
Common stock issued upon exercise of warrants, $6.00 per share (in shares)	944,845							944,845
Common stock issued upon exercise of warrants, $6.00 per share	$ 94,485	5,584,033	(9,448)					$ 5,669,070
Costs associated with warrant exercise		(733,409)						(733,409)
Common stock subscribed		814,153		13,799	(827,952)
Other comprehensive loss						(387,559)		(387,559)
Net loss							(1,337,377)	(1,337,377)
Balance (in shares) at Dec. 31, 2015	5,177,245
Balance at Mar. 31, 2016	$ 553,204	18,119,460		900	(54,012)	171,102	(6,473,180)	$ 12,317,474
Common stock issued upon exercise of warrants, $6.00 per share (in shares)	354,794							354,794
Common stock issued upon exercise of warrants, $6.00 per share	$ 35,479	2,109,161	(15,876)					$ 2,128,764
Costs associated with warrant exercise		(246,945)						(246,945)
Common stock subscribed		(761,041)		(12,899)	773,940
Other comprehensive loss						271,579		271,579
Net loss							(326,717)	(326,717)
Balance (in shares) at Mar. 31, 2016	5,532,039
Balance (in shares) at Dec. 31, 2015	5,177,245
Balance at Dec. 31, 2015	$ 517,725	17,018,285	15,876	13,799	(827,952)	(100,477)	(6,146,463)	10,490,793
Balance at Dec. 31, 2016	$ 556,595	18,017,163				239,461	(7,432,236)	11,380,983
Common stock issued upon exercise of warrants, $6.00 per share (in shares)	372,003
Common stock issued upon exercise of warrants, $6.00 per share	$ 37,200	2,210,694	$ (15,876)					2,232,018
Common stock issued, $7 per share (in shares)	16,695
Common stock issued, $7 per share	$ 1,670	115,195						116,865
Costs associated with common stock issued		(512,858)						(512,858)
Common stock subscribed		(814,153)		$ (13,799)	$ 827,952
Other comprehensive loss						339,938		339,938
Net loss							(1,285,773)	(1,285,773)
Balance (in shares) at Dec. 31, 2016	5,565,943
Balance at Mar. 31, 2017	$ 558,371	18,069,599				262,498	(7,600,984)	11,289,484
Common stock issued, $7 per share (in shares)	17,759
Common stock issued, $7 per share	$ 1,776	122,537						124,313
Costs associated with common stock issued		$ (70,101)						(70,101)
Other comprehensive loss						$ 23,037		23,037
Net loss							$ (168,748)	$ (168,748)
Balance (in shares) at Mar. 31, 2017	5,583,702

Consolidated Statements of Cha6

Consolidated Statements of Changes in Shareholders' Equity (Parentheticals) - $ / shares	Mar. 31, 2017	Dec. 31, 2016	Mar. 31, 2016	Dec. 31, 2015
Warrant [Member]
Warrants, exercise price per share (in dollars per share)		$ 6	$ 6	$ 6
Common Stock [Member]
Common stock, price per share (in dollars per share)	$ 7	7
Warrants, exercise price per share (in dollars per share)		$ 6	$ 6

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Cash Flows from Operating Activities:
Net loss	$ (1,285,773)	$ (1,337,377)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Depreciation and amortization	38,733	29,790
Net realized (gains) losses on the sale of securities	(100,378)	1,524
Amortization of investment securities, net	22,014	18,596
Deferred acquisition costs capitalized	(221,410)	(146,539)
Deferred acquisition costs amortized	153,671	113,294
Interest credited on deposit type contracts	80,452	31,478
(Increase) decrease in operating assets:
Investment income due and accrued	(22,173)	(36,251)
Reinsurance related assets	(9,946)	(14,148)
Pre-paid expenses	119,688	(85,512)
Other assets	(40,944)	5,607
Increase (decrease) in operating liabilities:
Policyowner benefit reserves	1,643,251	1,245,220
Advance premiums	52,371	39,041
Other liabilities	(787)	3,674
Accounts payable and accrued expenses	(19,416)	46,876
Net cash provided by (used in) operating activities	409,353	(84,727)
Cash Flows from Investing Activities:
Purchase of fixed income investments	(3,028,015)	(3,173,315)
Purchase of equity investments	(1,955,888)	(1,814,947)
Proceeds from fixed income sales and repayments	1,003,308	783,123
Proceeds from equity sales and repayments	670,706	452,940
Purchase of property, equipment and software		(63,408)
Net cash (used in) investing activities	(3,309,889)	(3,815,607)
Cash Flows from Financing Activities:
Receipts on deposit-type contracts	1,989,833	910,817
Withdrawals on deposit-type contracts	(246,103)	(54,623)
Proceeds received from exercise of warrants, net of costs of issuance	1,836,025	4,935,661
Net cash provided by financing activities	3,579,755	5,791,855
Net increase in cash and cash equivalents	679,219	1,891,521
Cash and Cash Equivalents:
Beginning	2,466,526	575,005
Ending	$ 3,145,745	$ 2,466,526

Consolidated Balance Sheets (Cu

Consolidated Balance Sheets (Current Period Unaudited) - USD ($)	Mar. 31, 2017	Dec. 31, 2016	Mar. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Assets
Available for sale securities	$ 17,155,562	$ 15,463,578		$ 11,735,387
Cash and cash equivalents	2,177,660	3,145,745	$ 4,419,597	2,466,526	$ 575,005
Investment income due and accrued	94,458	100,713		78,540
Reinsurance related assets	31,597	31,390		21,444
Deferred acquisition costs, net	186,846	153,792		86,053	52,808
Property, equipment and software, net	236,265	244,849		283,582
Other assets	889,468	48,448		7,504
Total assets	20,771,856	19,191,989		14,802,198
Liabilities:
Deposit-type contracts	3,856,221	3,398,170		1,573,988	686,316
Policyholder benefit reserves	4,609,783	4,220,215		2,576,964
Advance premiums	133,191	121,944		69,573
Total policy liabilities	8,599,195	7,740,329		4,220,525
Accounts payable and accrued expenses	69,268	66,472		85,888
Other liabilities	813,909	4,205		4,992
Total liabilities	9,482,372	7,811,006		4,311,405
Shareholders' Equity:
Common stock, $0.10 par value. Authorized 9,000,000 shares; issued and outstanding 5,565,943 and 5,177,245 shares as of December 31, 2016 and 2015, respectively	558,371	556,595		517,725
Additional paid-in capital	18,069,599	18,017,163		17,018,285
Accumulated deficit	(7,600,984)	(7,432,236)		(6,146,463)
Accumulated other comprehensive income (loss)	262,498	239,461		(100,477)
Total shareholders' equity	11,289,484	11,380,983	$ 12,317,474	10,490,793	$ 7,280,068
Total liabilities and shareholders' equity	20,771,856	19,191,989		14,802,198
Fixed Maturities [Member]
Assets
Available for sale securities	11,688,456	10,320,074		8,131,119
Equities, Including Equity Securities and Other Equity Investments [Member]
Assets
Available for sale securities	$ 5,467,106	$ 5,143,504		$ 3,604,268

Consolidated Balance Sheets (C9

Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($)	Mar. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Available for sale securities, amortized cost	$ 16,893,064	$ 15,224,117	$ 11,835,864
Common stock, par value (in dollars per share)	$ 0.10	$ 0.10	$ 0.10
Common stock, shares authorized (in shares)	9,000,000	9,000,000	9,000,000
Common stock, shares issued (in shares)	5,583,702	5,565,943	5,177,245
Common stock, shares outstanding (in shares)	5,583,702	5,565,943	5,177,245
Fixed Maturities [Member]
Available for sale securities, amortized cost	$ 11,633,957	$ 10,318,164	$ 8,310,159
Equities, Including Equity Securities and Other Equity Investments [Member]
Available for sale securities, amortized cost	$ 5,259,107	$ 4,905,953	$ 3,525,705

Consolidated Statements of Co10

Consolidated Statements of Comprehensive Loss (Unaudited) - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016	Dec. 31, 2015
Income:
Premium income	$ 1,749,928	$ 1,357,372	$ 5,948,978	$ 4,143,344
Net investment income	126,020	91,261	449,951	291,208
Net realized (loss) gain on sale of securities	192,405	10,838	100,378	(1,524)
Other income	20,202	13,405	87,566	34,101
Total income	2,088,555	1,472,876	6,586,873	4,467,129
Expenses:
Death claims	392,588	116,527	651,844	363,870
Policyholder benefits	973,724	722,145	3,207,074	2,166,113
Increase in policyholder reserves	264,978	359,552	1,440,737	1,214,695
Commissions, net of deferrals	124,291	108,215	457,671	361,943
Amortization of deferred acquisition costs	37,764	37,457	153,671	113,294
Salaries & benefits	178,192	188,367	752,534	683,383
Other operating expenses	285,766	267,330	1,209,115	901,208
Total expense	2,257,303	1,799,593	7,872,646	5,804,506
Net loss	(168,748)	(326,717)	(1,285,773)	(1,337,377)
Unrealized net holding (losses) gains arising during the period	215,442	282,417	440,316	(389,083)
Reclassification adjustment for loss (gains) included in net loss	(192,405)	(10,838)	(100,378)	1,524
Other comprehensive (loss) income	23,037	271,579	339,938	(387,559)
Comprehensive loss	$ (145,711)	$ (55,138)	$ (945,835)	$ (1,724,936)
Net loss per common share, basic and diluted (in dollars per share)	$ (0.03)	$ (0.06)	$ (0.24)	$ (0.30)

Consolidated Statements of Ch11

Consolidated Statements of Changes in Shareholders' Equity (Unaudited) - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	Warrant [Member]	Common Stock Subscribed [Member]	Subscription Receivable [Member]	AOCI Attributable to Parent [Member]	Retained Earnings [Member]	Total
Balance at Dec. 31, 2014	$ 423,240	$ 11,353,508	$ 25,324			$ 287,082	$ (4,809,086)	$ 7,280,068
Balance at Dec. 31, 2015	$ 517,725	17,018,285	15,876	$ 13,799	$ (827,952)	(100,477)	(6,146,463)	$ 10,490,793
Balance (in shares) at Dec. 31, 2014	4,232,400
Common stock issued upon exercise of warrants, $6.00 per share (in shares)	944,845							944,845
Common stock issued upon exercise of warrants, $6.00 per share	$ 94,485	5,584,033	(9,448)					$ 5,669,070
Costs associated with warrant exercise		(733,409)						(733,409)
Common stock subscribed		814,153		13,799	(827,952)
Other comprehensive loss						(387,559)		(387,559)
Net loss							(1,337,377)	(1,337,377)
Balance (in shares) at Dec. 31, 2015	5,177,245
Balance at Mar. 31, 2016	$ 553,204	18,119,460		900	(54,012)	171,102	(6,473,180)	$ 12,317,474
Common stock issued upon exercise of warrants, $6.00 per share (in shares)	354,794							354,794
Common stock issued upon exercise of warrants, $6.00 per share	$ 35,479	2,109,161	(15,876)					$ 2,128,764
Costs associated with warrant exercise		(246,945)						(246,945)
Common stock subscribed		(761,041)		(12,899)	773,940
Other comprehensive loss						271,579		271,579
Net loss							(326,717)	(326,717)
Balance (in shares) at Mar. 31, 2016	5,532,039
Balance at Dec. 31, 2015	$ 517,725	17,018,285	15,876	13,799	(827,952)	(100,477)	(6,146,463)	10,490,793
Balance at Dec. 31, 2016	$ 556,595	18,017,163				239,461	(7,432,236)	11,380,983
Balance (in shares) at Dec. 31, 2015	5,177,245
Common stock issued, $7 per share (in shares)	16,695
Common stock issued, $7 per share	$ 1,670	115,195						116,865
Common stock issued upon exercise of warrants, $6.00 per share (in shares)	372,003
Costs associated with common stock issued		(512,858)						(512,858)
Common stock issued upon exercise of warrants, $6.00 per share	$ 37,200	2,210,694	$ (15,876)					2,232,018
Common stock subscribed		(814,153)		$ (13,799)	$ 827,952
Other comprehensive loss						339,938		339,938
Net loss							(1,285,773)	(1,285,773)
Balance (in shares) at Dec. 31, 2016	5,565,943
Balance at Mar. 31, 2017	$ 558,371	18,069,599				262,498	(7,600,984)	11,289,484
Common stock issued, $7 per share (in shares)	17,759
Common stock issued, $7 per share	$ 1,776	122,537						124,313
Costs associated with common stock issued		$ (70,101)						(70,101)
Other comprehensive loss						$ 23,037		23,037
Net loss							$ (168,748)	$ (168,748)
Balance (in shares) at Mar. 31, 2017	5,583,702

Consolidated Statements of Ch12

Consolidated Statements of Changes in Shareholders' Equity (Unaudited) (Parentheticals) - $ / shares	Mar. 31, 2017	Dec. 31, 2016	Mar. 31, 2016	Dec. 31, 2015
Warrant [Member]
Warrants, exercise price per share (in dollars per share)		$ 6	$ 6	$ 6
Common Stock [Member]
Common stock, price per share (in dollars per share)	$ 7	7
Warrants, exercise price per share (in dollars per share)		$ 6	$ 6

Consolidated Statements of Ca13

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016	Dec. 31, 2015
Cash Flows from Operating Activities:
Net loss	$ (168,748)	$ (326,717)	$ (1,285,773)	$ (1,337,377)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Depreciation and amortization	8,584	9,734	38,733	29,790
Net realized (gains) losses on the sale of securities	(192,405)	(10,838)	(100,378)	1,524
Amortization of investment securities, net	8,789	5,520	22,014	18,596
Deferred acquisition costs capitalized	(70,818)	(48,382)	(221,410)	(146,539)
Deferred acquisition costs amortized	37,764	37,457	153,671	113,294
Interest credited on deposit type contracts	16,597	14,244	80,452	31,478
(Increase) decrease in operating assets:
Investment income due and accrued	6,255	10,909	(22,173)	(36,251)
Reinsurance related assets	(207)	3,484	(9,946)	(14,148)
Pre-paid expenses	(4,277)	32,202	119,688	(85,512)
Other assets	(18,225)	2,003	(40,944)	5,607
Increase (decrease) in operating liabilities:
Policyowner benefit reserves	389,568	390,000	1,643,251	1,245,220
Advance premiums	11,247	15,740	52,371	39,041
Other liabilities	14,352	12,037	(787)	3,674
Accounts payable and accrued expenses	2,796	(24,110)	(19,416)	46,876
Net cash provided by (used in) operating activities	41,272	123,283	409,353	(84,727)
Cash Flows from Investing Activities:
Purchase of fixed income investments	(1,479,152)	(269,208)	(3,028,015)	(3,173,315)
Purchase of equity investments	(180,567)	(395,268)	(1,955,888)	(1,814,947)
Proceeds from fixed income sales and repayments	154,696	153,393	1,003,308	783,123
Proceeds from equity sales and repayments		92,247	670,706	452,940
Net cash (used in) investing activities	(1,505,023)	(418,836)	(3,309,889)	(3,815,607)
Cash Flows from Financing Activities:
Receipts on deposit-type contracts	579,215	441,382	1,989,833	910,817
Withdrawals on deposit-type contracts	(137,761)	(74,577)	(246,103)	(54,623)
Proceeds received from exercise of warrants, net of costs of issuance	54,212	1,881,819	1,836,025	4,935,661
Net cash provided by financing activities	495,666	2,248,624	3,579,755	5,791,855
Net increase in cash and cash equivalents	(968,085)	1,953,071	679,219	1,891,521
Cash and Cash Equivalents:
Beginning	3,145,745	2,466,526	2,466,526	575,005
Ending	$ 2,177,660	$ 4,419,597	$ 3,145,745	$ 2,466,526

Note 1 - Description of Busines

Note 1 - Description of Business and Significant Accounting Policies	3 Months Ended	12 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
Notes to Financial Statements
Business Description and Accounting Policies [Text Block]	Note 1. Description of Business and Significant Accounting Policies Description of business : US Alliance Corporation (“the Company”) is a Kansas corporation located in Topeka, Kansas. The Company was incorporated April 24, 2009, June 9, 2011, January 2, 2012. April 23, 2012, The Company terminated its initial public offering on February 24, 2013. 2013, first May 1, 2013. 2014 2015. February 24, 2015, February 24, 2016. February 24, 2016 , the Company extended its current offering until February 24, 2017 April 1, 2016. February 24, 2018. The Company began offering third 2015. one Basis of presentation : The accompanying unaudited financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“US GAAP”) for interim financial information and with the instructions to Form 10 10 X. not The results of operation for the three months ended March 31, 2017 not December 31, 2017 not 10 December 31, 2016. Principles of consolidation : The consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries. All intercompany balances and transactions have been eliminated from the consolidated financial statements. Area of Operation : US Alliance Life and Security Company is authorized to operate in the states of Kansas, North Dakota, Oklahoma, and Missouri. Common stock and earnings (loss) per share: The par value for common stock is $0.10 9,000,000 March 31, 2017 December 31, 2016, 5,583,702 5,565,943 Earnings (loss) per share attributable to the Company ’s common stockholders were computed based on the net loss and the weighted average number of shares outstanding during each year. The weighted average number of shares outstanding during the three months ended March 31, 2017 2016 5,571,529 5,295,510 March 31, 2017 2016 New accounting standards : Revenue from Contracts with Customers In May 2014, not The following steps are applied in the updated guidance: ( 1 identify the contract(s) with a customer; ( 2 3 4 5 In July 2015, one March 31, 2018. not Disclosure of Uncertainties about an Entity's Ability to Continue as a Going Concern In August 2014, one If conditions or events raise substantial doubt that is not one The guidance is effective for annual periods ending after December 15, 2016, not Recognition and Measurement of Financial Assets and Financial Liabilities In January 2016, This guidance is effective for fiscal years beginning after December 15, 2017. not The effect of the adoption of this guidance on the Company ’s results of operations, financial position and liquidity is primarily dependent on the fair value of the available-for-sale equity securities in future periods and the existence of a deferred tax asset related to available-for-sale securities in future periods that have not Leases In February 2016, 12 two no not The updated guidance is effective for reporting periods beginning after December 15, 2018, not Contingent Put and Call Options in Debt Instruments In March 2016, not December 15, 2016. not Measurement of Credit Losses on Financial Instruments In June 2016, The updated guidance also amends the current other-than-temporary impairment model for available-for-sale debt securities by requiring the recognition of impairments relating to credit losses through an allowance account and limits the amount of credit loss to the difference between a security ’s amortized cost basis and its fair value. In addition, the length of time a security has been in an unrealized loss position will no The updated guidance is effective for reporting periods beginning after December 15, 2019. December 15, 2018. not Classification of Certain Cash Receipts and Cash Payment In August 2016, eight not December 15, 2017, All other new accounting standards and updates of existing standards issued through the date of this filing were considered by management and did not	Note 1. Description of business : US Alliance Corporation ("USAC") was formed as a Kansas corporation on April 24, 2009 4123 240, 66604. 785 228 0200 www.usalliancecorporation.com Our three ty Company ("USALSC") formed June 9, 2011; April 23, 2012, April 23, 2012 We capitalized our subsidiaries with proceeds from intrastate public offering(s) registered by qualification with the office of Kansas Securities Commissioner. USALSC received a Certificate of Authority from the Kansas Insurance Department ("KID") effective January 2, 2012, first May 1, 2013. Our single pay life products (which include our Legacy Juvenile and Thoughtful Pre-Need products) accounted for 85% 2016 e products (which include our Sound and Solid Term Life and Pioneer Whole Life products) accounted for 9% 2016 March 2015, 6% 2016 USALSC se eks opportunities to develop and market additional products. Our business model also anticipates the acquisition by USAC and/or USALSC of other insurance and insurance related companies, including third-party administrators, marketing organizations, and rights to other blocks of insurance business through reinsurance or other transactions. Basis of presentation : The consolidated financial statements of the Company have been prepared in accordance with accounting principles generally accepted (“GAAP”) in the United States of America. Principles of consolidation : The consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries. All intercompany balances and transactions have been eliminated from the consolidated financial statements. Area of Operation: US Alliance Life and Security Company is authorized to operate in the states of Kansas, North Dakota and Missouri and has a pending expansion application on file with the State of Oklahoma. Cash and cash equiv alents : For purposes of the statement of cash flows, the Company considers demand deposits and highly liquid investments with original maturities of three one $250,000 one no December 31, 2016. not not Property, equipment and software : Property, equipment and software are stated at cost less accumulated depreciation. Expenditures for additions and improvements that significantly add to the productive capacity or extend the useful life of an asset are capitalized. Expenditures for maintenance and repairs are charged to income currently. Upon disposition, the cost and related accumulated depreciation are removed from the accounts and any gain or loss is included in income. Depreciation is computed by the straight-line method over the estimated useful lives of the assets. Computer equipment is depreciated over no 5 no 10 no 10 period. Major categories of depreciable assets and the respective book values as of December 31, 2016 2015 Year ended Year ended December 31, December 31, 2016 2015 Computer $ 20,755 $ 20,755 Furniture and equipment 80,956 80,956 Software 257,500 257,500 Accumulated depreciation (114,362 ) (75,629 ) Balance at end of period $ 244,849 $ 283,582 Pre-paid expenses: The Company recognizes pre-paid expenses as the expenses are incurred. Pre-paid expenses consist of a multi-year computer service contract and systems consulting hours. Service contract expenses are charged straight line over the life of the contract. Systems consulting hours are charged as they are incurred on projects. Investments : Investments in available-for-sale securities are carried in the consolidated financial statements at fair value with the net unrealized holding gains (losses) included in accumulated other comprehensive income. Bond premiums and discounts are amortized using the scientific-yield method over the term of the bonds. Realized gains and losses on securities sold during the year a re determined using the specific identification method and included in investment income. Investment income is recognized as earned. Management has a policy and process in place to identify securities that could potentially have an impairment that is oth er-than-temporary. The assessment of whether impairments have occurred is based on a case-by-case evaluation of underlying reasons for the decline in fair value. We consider severity of impairment, duration of impairment, forecasted recovery period, industry outlook, financial condition of the issuer, issuer credit ratings and whether we intend to sell a security or it is more likely than not The recognition of other -than-temporary impairment losses on debt securities is dependent on the facts and circumstances related to the specific security. If we intend to sell a security or it is more likely than not not not not not December 31, 2016 2015, no Reinsurance : In the normal course of business, the Company seeks to limit aggregate and single exposure to losses on risks by purchasing reinsurance. The amounts reported in the consolidated balance sheets as reinsurance recoverable include amounts billed to reinsurers on losses paid as well as estimates of amounts expected to be recovered from reinsurers on insurance liabilities that have not not ’s primary liability under the policies written. Therefore, the Company regularly evaluates the financial condition of its reinsurers including their activities with respect to claim settlement practices no December 31, 2016 2015. Benefit reserves : The Company establishes liabilities for amounts payable under insurance policies, including traditional life insurance and annuities. Generally, amounts are payable over an extended period of time. Liabilities for future policy benefits of traditional life insurance have been computed by a net level premium method based upon estimates at the time of issue for investment yields, mortality and withdrawals. These estimates include provisions for experience less favorable than initially expected. Mortality assumptions are based on industry experience expressed as a percentage of standard mortality tables. Policy claims : Policy claims are based on reported claims plus estimated incurred but not not $37,391 Deposit-type contracts : Deposit-type contracts consist of amounts on deposit associated with deferred annuity contracts. The deferred annuity contracts credit interest based upon a fixed interest rate set by the Company. The Company has the ability to change this rate annually subject to minimums established by law or administrative regulation. Liabilities for these deposit-type contracts are included without reduction for potential surrender charges. This liability is equal to the accumulated account d eposits, plus interest credited, and less policyholder withdrawals. The following table provides information about deposit-type contracts for the years ended December 31, 2016 2015. Year ended Year ended December 31, December 31, 2016 2015 Balance at beginning of period $ 1,573,988 $ 686,316 Deposits received 1,989,833 910,817 Interest credited 80,452 31,478 Withdrawals (246,103 ) (54,623 ) Balance at end of period $ 3,398,170 $ 1,573,988 Revenue recognition and related expenses : Revenues on traditional life insurance products consist of direct premiums reported as earned when due. Premium income includes reinsurance assumed and is reduced by premiums ceded. Amounts received as payment for annuity contracts without life conting encies are recognized as deposits to policyholder account balances and included in future insurance policy benefits. Revenues from these contracts are comprised of fees earned for contract-holder services, which are recognized over the period acts, and included in revenue. Deposits are shown as a financing activity in the Consolidated Statements of Cash Flows. Liabilities for future policy benefits are provided and acquisition costs are amortized by associating benefits and expenses with earn ed premiums to recognize related profits over the life of the contracts. Deferred acquisition costs : The Company capitalizes and amortizes over the life of the premiums produced incremental direct costs that result directly from and are essential to the contract acquisition transaction and would not not may direct costs of contract acquisition that are incurred in transactions with independent third may The following table provides info rmation about deferred acquisition costs for the years ended December 31, 2016 2015, Year ended Year ended December 31, December 31, 2016 2015 Balance at beginning of period $ 86,053 $ 52,808 Capitalization of commissions, sales and issue expenses 221,410 146,539 Amortization net of interest (153,671 ) (113,294 ) Balance at end of period $ 153,792 $ 86,053 Comprehensive loss : Comprehensive loss is comprised of net loss and other comprehensive income (loss). Other comprehensive income (loss) includes unrealized gains and losses from marketable securities classified as available for sale, net of applicable taxes. Common stock and earnings (loss) per share: The par value for common stock is $0.10 9,000,000 December 31, 2016 2015 5,565,943 5,177,245 Earnings (loss) per share attributable to the Company ’s common stockholders were computed based on the net loss and the weighted average number of shares outstanding during each year. The weighted average number of shares outstanding during the years ended December 31, 2016 2015 5,421,972 4,431,740 December 31, 2016 2015 As of December 31, 2015 $827, 952. December 31, 2015. no December 31, 2016. Income taxes : The Company is subject to U.S. federal and state taxes. The provision for income taxes is based on income as reported in the consolidated financial statements. The income tax provision is calculated using the asset and liability method. Deferred income taxes are recorded based on the differences between the financial statement and tax basis of assets and liabilities at the enacted rates expected to apply to taxable income in the years in which the differences are expected to reverse. A valuation allowance is established for the amount of any deferred tax asset that exceeds the amount of the estimated future taxable income needed to utilize the future tax benefits. All of the Company ’s tax returns are subject to U.S. federal, state and local income tax examinations by tax authorities. The Company had no December 31, 2016 2015. The tax years which remain subject to examination by taxing authorities are the years ended December 31, 2013 2016. Risk and uncertainties: -Use of Estimates: The preparation of consolidated financial statements in conformity with US GAAP, generally accepted accounting principles in the United States, requires mana gement to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. - Regulatory Factors: The insurance laws of Kansas give the KID broad regulatory authority, including powers to (i) grant and revoke licenses to transact business; (ii) regulat e and supervise trade practices and market conduct, (iii) establish guaranty associations; (iv) license agents; (v) approve policy forms; (vi) approve premium rates for some lines of business; (vii) establish reserve requirements; (viii) prescribe the form and content of required financial statements and reports; (ix) determine the reasonableness and adequacy of statutory capital and surplus; and ( x The Dodd-Frank Wall Street Reform and Consumer Prot ection Act (the "Reform Act") reshapes financial regulations in the United States by creating new regulators, regulating new markets and firms, and providing new enforcement powers to regulators. Virtually all major areas of the Reform Act continue to be subject to regulatory interpretation and implementation rules requiring rulemaking that may - Reinsurance: In order to manage the risk of financial exposure to adverse underwriting results, USALSC reinsures a portion of its risk with other insurance companies. USALSC retains $35,000 $25,000 100% 25% $100,000 25% $25,000 three 100% 66% not - Interest Rate Risk: Interest rate fluctuations could impair an insurance company's ability to pay policyholder benefits with operating and investment cash flows, cash on hand and other cash sources. Annuity products expose the risk that changes in interest rates will reduce any spread, or the difference between the amounts that the insurance company is required to pay under the contracts and the amounts the insurance subsidiary is able to earn on its investments intended to support its obligations under the contracts. Spread is a key component of revenues. To the extent that interest rates credited are less than those generally available in the marketplace, policyholder lapses, policy loans and surrenders, and withdrawals of life insurance policies and annuity contracts may may may Increases in market interest rates may may to keep interest sensitive products competitive. If interest rates were to increase by 1% 6.6% December 31, 2016. may Conversely, in a period of prolonged low interest rates it is difficult to invest assets and earn the rate of return necessary to support insurance products. Some central b anks currently have negative interest rates which contributes to the current low interest rate environment. - Investment Risk: Our invested assets are subject to customary risks of defaults and changes in market values. Factors that may terest rate levels, financial market performance, and general economic conditions. - Assumptions Risk: In the life insurance business, assumptions as to expected mortality, lapse rates and other factors in developing the pricing and other terms of life insurance products are made. These assumptions are based on industry experience and a re reviewed and revised regularly by an outside actuary to reflect actual experience on a current basis. However, variation of actual experience from that assumed in developing such terms may Reclassifications : Certain reclassifications of a minor nature have been made to prior-year balances to conform to current-year presentation with no New accounting standards : Revenue from Contracts with Customers In May 2014, FASB”) issued updated guidance to clarify the principles for recognizing revenue. While insurance contracts are not The following steps are applied in the updated guidance: ( 1 identify the contract(s) with a customer; ( 2 3 4 5 In July 2015, one March 31, 2018. not Disclosure of Uncertainties about an Entity's Ability to Continue as a Going Concern In August 2014, to continue as a going concern and when an entity must disclose certain relevant conditions and events. The new guidance requires an entity to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the entity's ability to continue as a going concern within one alleviate the substantial doubt and requires certain disclosures when substantial doubt is alleviated as a result of consideration of management's plans. If conditions or events raise substantial doubt that is not at there is substantial doubt about the entity's ability to continue as a going concern within one The guidance is effective for annual per iods ending after December 15, 2016, not Recognition and Measurement of Financial Assets and Financial Liabilities In January 2016, to enhance reporting for financial instruments and addresses certain aspects of recognition, measurement, presentation and disclosure of financial instruments. The significant amendments in this update generally require equity investments to be measured at fair value with changes in fair value recognized in net income, require the use of an exit price notion when measuring the fair value of financial instruments for disclosure purposes and clarifies that an entity should evaluate the need for a valuation allowance on a deferred tax asset related to available-for-sale securities. This guidance also intends to enhance the presentation of certain fair value changes for financial liabilities measured at fair value. It also amends certain disclosure requirements associated with the fair value of financial instruments. This guidance is effective for fiscal years beginning after December 15, 2017. to the balance sheet as of the beginning of the fiscal year of adoption and early adoption is not The effect of the adoption of this guidance on the Company ’s results of operations, financial position and liquidity is primarily dependent on the fair value of the available-for-sale equity securities in future periods and the existence of a deferred tax asset related to available-for-sale securities in future periods that have not Leases In February 2016, 12 two no not quantitative disclosures, including addi tional information about the amounts recorded in the financial statements. The updated guidance is effective for reporting periods beginning after December 15, 2018, not Contingent Put and Call Options in Debt Instruments In March 2016, not December 15, 2016. Early adoption is permitted. The adoption of this guidance is not Measurement of Credit Losses on Financial Instruments In June 2016, The updated guidance also amends the current other-than-temporary impairment model for available-for-sale debt securities by requiring the recognition o f impairments relating to credit losses through an allowance account and limits the amount of credit loss to the difference between a security’s amortized cost basis and its fair value. In addition, the length of time a security has been in an unrealized loss position will no The updated guidance is effective for reporting periods beginning after December 15, 2019. December 15, 2018. not Classification of Certain Cash Receipts and Cash Paym ent In August 2016, eight not guishment costs; (ii) proceeds from the settlement of corporate-owned life insurance policies including bank-owned life insurance policies; (iii) distributions received from equity method investees; and (iv) separately identifiable cash flows and application of the predominance principle. This guidance is effective for fiscal years beginning after December 15, 2017, All other new accounting standards and updates of existing standards issued through the date of this filing were considered by management and did not Company at this time.

Note 2 - Investments

Note 2 - Investments	3 Months Ended	12 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
Notes to Financial Statements
Investment [Text Block]	Note 2. Investments T he amortized cost and fair value of available for sale and held to maturity investments as of March 31, 2017 December 31, 2016 March 31, 2017 Cost or Gross Gross Amortized Unrealized Unrealized Cost Gains Losses Fair Value Available for sale: (Unaudited) Fixed maturities: US Treasury securities $ 315,229 $ - $ (12,646 ) $ 302,583 Corporate bonds 4,417,718 71,032 (36,034 ) 4,452,716 Municipal bonds 3,624,678 62,399 (30,087 ) 3,656,990 Mortgage backed and asset backed securities 3,276,332 39,488 (39,653 ) 3,276,167 Total fixed maturities 11,633,957 172,919 (118,420 ) 11,688,456 Equities: Equities 4,962,881 257,651 (85,109 ) 5,135,423 Other equity investments 296,226 38,949 (3,492 ) 331,683 Total equities 5,259,107 296,600 (88,601 ) 5,467,106 Total available for sale $ 16,893,064 $ 469,519 $ (207,021 ) $ 17,155,562 December 31, 2016 Cost or Gross Gross Amortized Unrealized Unrealized Cost Gains Losses Fair Value Available for sale: Fixed maturities: US Treasury securities $ 314,992 $ - $ (15,830 ) $ 299,162 Corporate bonds 3,828,418 62,712 (45,234 ) 3,845,896 Municipal bonds 2,841,137 46,883 (38,191 ) 2,849,829 Mortgage backed and asset backed securities 3,333,617 36,870 (45,300 ) 3,325,187 Total fixed maturities 10,318,164 146,465 (144,555 ) 10,320,074 Equities: Equities 4,723,024 350,981 (131,757 ) 4,942,248 Other equity investments 182,929 23,046 (4,719 ) 201,256 Total equities 4,905,953 374,027 (136,476 ) 5,143,504 Total available for sale $ 15,224,117 $ 520,492 $ (281,031 ) $ 15,463,578 The amortized cost and fair value of debt securities as of March 31, 2017, not not may may As of March 31, 2017 Amortized Cost Fair Value Amounts maturing in: (unaudited) One year or less $ 49,951 $ 49,929 After one year through five years 1,718,157 1,714,094 After five years through ten years 1,646,453 1,647,786 More than 10 years 4,943,064 5,000,480 Mortgage backed and asset backed securities 3,276,332 3,276,167 $ 11,633,957 $ 11,688,456 Proceeds from the sale of securities, maturities, and asset paydowns for the first three 2017 2016 $969,740 $245,640, Quarter Ended March 31, (unaudited) 2017 2016 Gross gains $ 192,405 $ 10,838 Gross losses - - Net security gains $ 192,405 $ 10,838 Gross unrealized losses by duration are summarized as follows: Less than 12 months Greater than 12 months Total Fair Unrealized Fair Unrealized Fair Unrealized Value Loss Value Loss Value Loss March 31, 2017 Available for sale: (unaudited) Fixed maturities: US Treasury securities $ 302,583 $ (12,646 ) $ - $ - $ 302,583 $ (12,646 ) Corporate bonds 2,057,429 (35,288 ) 49,157 (746 ) 2,106,586 (36,034 ) Municipal bonds 1,219,109 (30,087 ) - - 1,219,109 (30,087 ) Mortgage backed and asset backed securities 1,564,225 (37,381 ) 116,700 (2,272 ) 1,680,925 (39,653 ) Total fixed maturities 5,143,346 (115,402 ) 165,857 (3,018 ) 5,309,203 (118,420 ) Equities: Equities 1,648,897 (23,309 ) 1,074,560 (61,800 ) 2,723,457 (85,109 ) Other equity investments 109,804 (3,492 ) - - 109,804 (3,492 ) Total equities 1,758,701 (26,801 ) 1,074,560 (61,800 ) 2,833,261 (88,601 ) Total available for sale $ 6,902,047 $ (142,203 ) $ 1,240,417 $ (64,818 ) $ 8,142,464 $ (207,021 ) Less than 12 months Greater than 12 months Total Fair Unrealized Fair Unrealized Fair Unrealized Value Loss Value Loss Value Loss December 31, 2016 Available for sale: Fixed maturities: US Treasury securities $ 299,162 $ (15,830 ) $ - $ - $ 299,162 $ (15,830 ) Corporate bonds 1,897,000 (42,994 ) 196,399 (2,240 ) 2,093,399 (45,234 ) Municipal bonds 1,296,688 (38,191 ) - - 1,296,688 (38,191 ) Mortgage backed and asset backed securities 1,700,173 (39,264 ) 134,090 (6,036 ) 1,834,263 (45,300 ) Total fixed maturities 5,193,023 (136,279 ) 330,489 (8,276 ) 5,523,512 (144,555 ) Equities: Equities 1,007,860 (59,357 ) 1,063,959 (72,400 ) 2,071,819 (131,757 ) Other equity investments 52,840 (4,719 ) - - 52,840 (4,719 ) Total equities 1,060,700 (64,076 ) 1,063,959 (72,400 ) 2,124,659 (136,476 ) Total available for sale $ 6,253,723 $ (200,355 ) $ 1,394,448 $ (80,676 ) $ 7,648,171 $ (281,031 ) Unrealized losses occur from market price declines that may The total number of securities in the investment portfolio in an unrealized loss position as of March 31, 2017 66, $207,021 66 33 22 7 2 1 1 no March 31, 2017 December 31, 2016. March 31, 2017 $469,519.	Note 2. Investments The amortized cost and fair value of available for sale and held to maturity investments as of December 31, 2016 2015 December 31, 2016 Cost or Gross Gross Amortized Unrealized Unrealized Cost Gains Losses Fair Value Available for sale: Fixed maturities: US Treasury securities $ 314,992 $ - $ (15,830 ) $ 299,162 Corporate bonds 3,828,418 62,712 (45,234 ) 3,845,896 Municipal bonds 2,841,137 46,883 (38,191 ) 2,849,829 Mortgage backed and asset backed securities 3,333,617 36,870 (45,300 ) 3,325,187 Total fixed maturities 10,318,164 146,465 (144,555 ) 10,320,074 Equities: Equities 4,723,024 350,981 (131,757 ) 4,942,248 Other equity investments 182,929 23,046 (4,719 ) 201,256 Total equities 4,905,953 374,027 (136,476 ) 5,143,504 Total available for sale $ 15,224,117 $ 520,492 $ (281,031 ) $ 15,463,578 December 31, 2015 Cost or Gross Gross Amortized Unrealized Unrealized Cost Gains Losses Fair Value Available for sale: Fixed maturities: US Treasury securities $ 461,132 $ - $ (34,816 ) $ 426,316 Corporate bonds 3,039,539 15,715 (143,701 ) 2,911,553 Municipal bonds 1,726,098 28,634 (10,595 ) 1,744,137 Mortgage backed and asset backed securities 3,083,390 19,554 (53,831 ) 3,049,113 Total fixed maturities 8,310,159 63,903 (242,943 ) 8,131,119 Equities: Equities 3,387,927 219,883 (177,756 ) 3,430,054 Other equity investments 137,778 36,436 - 174,214 Total equities 3,525,705 256,319 (177,756 ) 3,604,268 Total available for sale $ 11,835,864 $ 320,222 $ (420,699 ) $ 11,735,387 The amortized cost and fair value of debt securities as of December 31, 2016 2015, not not included in the following maturity summary. Actual maturities may may As of December 31, 2016 As of December 31, 2015 Amortized Cost Fair Value Amortized Cost Fair Value Amounts maturing in: One year or less $ 49,915 $ 49,931 $ 50,105 $ 50,127 After one year through five years 1,819,437 1,809,470 1,046,934 1,040,747 After five years through ten years 1,646,576 1,643,823 1,664,103 1,592,766 More than 10 years 3,468,619 3,491,663 2,465,627 2,398,366 Mortgage backed and asset backed securities 3,333,617 3,325,187 3,083,389 3,049,113 $ 10,318,164 $ 10,320,074 $ 8,310,158 $ 8,131,119 Proceeds from the sale of securities, maturities, and asset paydowns in 2016 2015 $1,674,014 $1,236,063, Years Ended December 31, 2016 2015 Gross gains $ 122,192 $ 90,602 Gross losses (21,814 ) (92,126 ) Net security (losses) gains $ 100,378 $ (1,524 ) Gross unrealized losses by duration are summarized as follows: Less than 12 months Greater than 12 months Total Fair Unrealized Fair Unrealized Fair Unrealized Value Loss Value Loss Value Loss December 31, 2016 Available for sale: Fixed maturities: US Treasury securities $ 299,162 $ (15,830 ) $ - $ - $ 299,162 $ (15,830 ) Corporate bonds 1,897,000 (42,994 ) 196,399 (2,240 ) 2,093,399 (45,234 ) Municipal bonds 1,296,688 (38,191 ) - - 1,296,688 (38,191 ) Mortgage backed and asset backed securities 1,700,173 (39,264 ) 134,090 (6,036 ) 1,834,263 (45,300 ) Total fixed maturities 5,193,023 (136,279 ) 330,489 (8,276 ) 5,523,512 (144,555 ) Equities: Equities 1,007,860 (59,357 ) 1,063,959 (72,400 ) 2,071,819 (131,757 ) Other equity investments 52,840 (4,719 ) - - 52,840 (4,719 ) Total equities 1,060,700 (64,076 ) 1,063,959 (72,400 ) 2,124,659 (136,476 ) Total available for sale $ 6,253,723 $ (200,355 ) $ 1,394,448 $ (80,676 ) $ 7,648,171 $ (281,031 ) Less than 12 months Greater than 12 months Total Fair Unrealized Fair Unrealized Fair Unrealized Value Loss Value Loss Value Loss December 31, 2015 Available for sale: Fixed maturities: US Treasury securities $ 197,719 $ (1,351 ) $ 228,597 $ (33,465 ) $ 426,316 $ (34,816 ) Corporate bonds 2,141,253 (143,701 ) - - 2,141,253 (143,701 ) Municipal bonds 675,885 (10,595 ) - - 675,885 (10,595 ) Mortgage backed and asset backed securities 1,943,017 (39,189 ) 438,173 (14,642 ) 2,381,190 (53,831 ) Total fixed maturities 4,957,874 (194,836 ) 666,770 (48,107 ) 5,624,644 (242,943 ) Equities: Equities 1,036,877 (75,352 ) 820,370 (102,404 ) 1,857,247 (177,756 ) Total equities 1,036,877 (75,352 ) 820,370 (102,404 ) 1,857,247 (177,756 ) Total available for sale $ 5,994,751 $ (270,188 ) $ 1,487,140 $ (150,511 ) $ 7,481,891 $ (420,699 ) Unrealized losses occur from market price declines that may operational difficulties, lawsuits, and market pricing anomalies caused by factors such as temporary lack of liquidity. The total number of securities in the investment portfolio in an unrealized loss position as of December 31, 2016 66, $281,031 66 35 23 4 2 1 1 no December 31, 2016 2015. December 31, 2016 $520,516.

Note 3 - Fair Value Measurement

Note 3 - Fair Value Measurements	3 Months Ended	12 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
Notes to Financial Statements
Fair Value Disclosures [Text Block]	Note 3. Fair Value Measurements The fair value of an asset or liability is the price that would be received to sell that asset or paid to transfer that liability in an orderly transaction occurring in the principal market (or most advantageous market in the absence of a principal market) for such asset or liability. In estimating fair value, the Company utilizes valuation techniques that are consistent with the market approach, the income approach and/or the cost approach. Such valuation techniques are consistently applied. Inputs to valuation techniques include the assumptions that market participants would use in pricing an asset or liability. The Company uses a fair value hierarchy for valuation inputs that gives the highest priority to quoted prices in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. The fair value hierarchy is as follows: ● Level 1 ● Level 2 1 The Company’s Level 2 ● Level 3 ’s own assumptions about the assumptions that market participants would use in pricing the assets or liabilities. Investments, available for sale : Investments in securities that are classified as available for sale are recorded at fair value utilizing Level 1 2 The following table presents the amounts of assets measured at fair value on a recurring basis as of March 31, 2017 December 31, 2016: March 31, 2017 Total Level 1 Level 2 Level 3 Available for sale: (unaudited) Fixed maturities: US Treasury securities $ 302,583 $ 302,583 $ - $ - Corporate bonds 4,452,716 - 4,452,716 - Municipal bonds 3,656,990 - 3,656,990 - Mortgage backed and asset backed securities 3,276,167 - 3,276,167 - Total fixed maturities 11,688,456 302,583 11,385,873 - Equities: Equities 5,135,423 5,135,423 - - Other equity investments 331,683 331,683 - - Total equities 5,467,106 5,467,106 - - Total $ 17,155,562 $ 5,769,689 $ 11,385,873 $ - December 31, 2016 Total Level 1 Level 2 Level 3 Available for sale: Fixed maturities: US Treasury securities $ 299,162 $ 299,162 $ - $ - Corporate bonds 3,845,896 - 3,845,896 - Municipal bonds 2,849,829 - 2,849,829 - Mortgage backed and asset backed securities 3,325,187 - 3,325,187 - Total fixed maturities 10,320,074 299,162 10,020,912 - Equities: Equities 4,942,248 4,942,248 - - Other equity investments 201,256 201,256 - - Total equities 5,143,504 5,143,504 - - Total $ 15,463,578 $ 5,442,666 $ 10,020,912 $ - The Company discloses the fair value of financial assets and financial liabilities, including those financial assets and financial liabilities that are not ies for other financial assets and financial liabilities are discussed below: Cash and cash equivalents : The carrying amounts approximate fair value because of the short maturity of these instruments. Policyholder deposits in deposit-type contracts : The fair value for policyholder deposits in deposit-type insurance contracts (accumulation annuities) is calculated usinga discounted cash flow approach. Cash flows are projected using actuarial assumptions and discounted to the valuation date using the risk-free rates adjusted for credit risk and the nonperformance risk of the liabilities. The estimated fair values of the Company ’s financial assets and liabilities at March 31, 2017 December 31, 2016 March 31, 2017 December 31, 2016 (unaudited) Carrying Value Fair Value Carrying Value Fair Value Financial Assets: Cash and cash equivalents $ 2,177,660 $ 2,177,660 $ 3,145,745 $ 3,145,745 Investments, at fair value 17,155,562 17,155,562 15,463,578 15,463,578 Total Financial Assets $ 19,333,222 $ 19,333,222 $ 18,609,323 $ 18,609,323 Financial Liabilities: Policyholder deposits in deposit-type contracts $ 3,856,221 $ 3,795,307 $ 3,398,170 $ 3,260,086 Total Financial Liabilities $ 3,856,221 $ 3,795,307 $ 3,398,170 $ 3,260,086	Note 3. Fair Value Measurements The fair value of an asset or liability is the price that would be received to sell that asset or paid to transfer that liability in an orderly transaction occurring in the principal market ( or most advantageous market in the absence of a principal market) for such asset or liability. In estimating fair value, the Company utilizes valuation techniques that are consistent with the market approach, the income approach and/or the cost approach. Such valuation techniques are consistently applied. Inputs to valuation techniques include the est priority to quoted prices in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. The fair value hierarchy is as follows: ● Level 1 assets or liabilities that the Company has the ability to access at the measurement rate. ● Level 2 1 ● Level 3 ’s own assumptions about the assumptions that market participants would use in pricing the assets or liabilities. Investments, available for sale : Fair values of available for sale fixed maturity securities are provided by a third third The table below presents the amounts of assets measured at fair value on a recurring basis as of December 31, 2016 2015: December 31, 2016 Total Level 1 Level 2 Level 3 Available for sale: Fixed maturities: US Treasury securities $ 299,162 $ 299,162 $ - $ - Corporate bonds 3,845,896 - 3,845,896 - Municipal bonds 2,849,829 - 2,849,829 - Mortgage backed and asset backed securities 3,325,187 - 3,325,187 - Total fixed maturities 10,320,074 299,162 10,020,912 - Equities: Equities 4,942,248 4,942,248 - - Other equity investments 201,256 201,256 - - Total equities 5,143,504 5,143,504 - - Total $ 15,463,578 $ 5,442,666 $ 10,020,912 $ - Decemeber 31, 2015 Total Level 1 Level 2 Level 3 Available for sale: Fixed maturities: US Treasury securities $ 426,316 $ 426,316 $ - $ - Corporate bonds 2,911,553 - 2,911,553 - Municipal bonds 1,744,137 - 1,744,137 - Mortgage backed and asset backed securities 3,049,113 - 3,049,113 - Total fixed maturities 8,131,119 426,316 7,704,803 - Equities: Equities 3,430,054 3,430,054 - - Other equity investments 174,214 174,214 - - Total equities 3,604,268 3,604,268 - - Total $ 11,735,387 $ 4,030,584 $ 7,704,803 $ - The Company discloses the fair value of financial assets and financial liabilities, i ncluding those financial assets and financial liabilities that are not measured at fair value on a recurring or non-recurring basis are discussed above. The estimated fair value approximates carrying value for accrued interest. The methodologies for other financial assets and financial liabilities are discussed below: Cash and cash equivalents : The carrying amounts approximate fair value because of the short maturity of these instruments. Policyholder deposits in deposit-type contracts : The fair value for policyholder deposits deposit-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 estimated fair values of the Company ’s financial assets and liabilities at December 31 December 31, 2016 December 31, 2015 Carrying Value Fair Value Carrying Value Fair Value Financial Assets: Cash and cash equivalents $ 3,145,745 $ 3,145,745 $ 2,466,526 $ 2,466,526 Investments, at fair value 15,463,578 15,463,578 11,735,387 11,735,387 Total Financial Assets $ 18,609,323 $ 18,609,323 $ 14,201,913 $ 14,201,913 Financial Liabilities: Policyholder deposits in deposit-type contracts $ 3,398,170 $ 3,260,086 $ 1,573,988 $ 1,406,724 Total Financial Liabilities $ 3,398,170 $ 3,260,086 $ 1,573,988 $ 1,406,724

Note 4 - Income Tax Provision

Note 4 - Income Tax Provision	3 Months Ended	12 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
Notes to Financial Statements
Income Tax Disclosure [Text Block]	Note 4. Income Tax Provision No March 31, 2017 2016 100% The net operating loss carryforwards for the Company are $5,250,492 $5,050,176 March 31, 2017 December 31, 2016, 100	Note 4. Income Tax Provision No December 31, 2016 2015 generated by the Company and the 100 The net operating loss carryforwards for the Company are $5,050,176 $3,940,774 December 31, 2016 2015, es are the following: fixed asset depreciation, net operating loss carryforward, net unrealized losses on investment securities, policy owner benefit reserves and deferred acquisition costs. The net deferred tax asset is offset 100

Note 5 - Reinsurance

Note 5 - Reinsurance	12 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
Reinsurance [Text Block]	Note 5. Reinsurance A summary of significant reinsurance amounts affecting the accompanying consolidated financial statements as of December 31, 2016 2015 December 31, 2016 2015 ng table. December 31, 2016 December 31, 2015 Balance Sheet Benefits and claim reserves ceded $ 28,830 $ 19,622 Amounts due from ceding company 2,560 1,822 Years Ended Statements of Comprehensive Loss December 31, 2016 December 31, 2015 Ceded premium $ 144,023 $ 53,768 Assumed premium 3,500,758 2,453,957 Allowances on ceded premium 10,644 10,851 Allowances paid on assumed premium 384,558 326,774 Assumed benefits 3,056,547 2,101,752 The company currently reinsurers business in excess of its retention with General Re Life Corporation, Reliance Standard Life Insurance Company, Unified Life Insurance Company and Optimum Re Insurance Company. The Company also currently assumes business under agreements with Unified Life Insurance Company and Dakota Capital Life Insurance Company.

Note 6 - Lease Commitments

Note 6 - Lease Commitments	12 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
Leases of Lessee Disclosure [Text Block]	Note 6. Lease Commitments Total rent expense was $27,000 $27,000 December 31, 2016 2015, August 26, 2014 extended its termination date until December 31, 2017 $ 27,000 2017 2018.

Note 7 - Warrants

Note 7 - Warrants	3 Months Ended	12 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
Notes to Financial Statements
Stockholders' Equity Note Disclosure [Text Block]	Note 5 . Warrants The Company conducted its public stock offering through the sale of units. Each unit was sold for $1,000 200 200 $6.00 not February 24, 2016. April 1, 2016. December 31, 2014 2,532,400 February 24, 2015, 2015, 944,845 December 31, 2015 1,587,555 first three 2016, 354,794 Management engaged the services of an experienced valuation firm to value the warrants as of February 24, 2013. $0.01 zero March 31, 2016. not	Note 7. Warrants The Company conducted its public stock offer ing through the sale of units. Each unit was sold for $1,000 200 200 $6.00 not February 24, 2016. December 31, 2014 2,532,400 February 24, 2015 2015, 944,845 December 31, 2015 1,587,555 February 24, 2016 April 1, 2016 December 31, 2016 no Management engaged the services of an experienced valuation firm to value the warrants as of February 24, 2013. $0.01 per share of common stock and management has allocated this amount from additional paid-in capital to the outstanding warrants. As the warrants have been exercised, the value allocated to the warrants exercised has been restored to additional paid-in capital. As of December 31, 2016, no

Note 8 - Restricted Funds

Note 8 - Restricted Funds	12 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
Restricted Assets Disclosure [Text Block]	Note 8. Restricted Funds As required by Kansas law, US Alliance Life and Security Company maintains a trust account at Capital City Bank which is jointly o wned by the Kansas Insurance Department. The life insurance company is required by the State of Kansas to hold $400,000 2015 $625,000 $625,000 December 31, 2016 2015, $300,000 December 31, 2016.

Note 9 - Statutory Net Income a

Note 9 - Statutory Net Income and Surplus	12 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
Statutory Accounting Practices Disclosure [Text Block]	Note 9. Statutory Net Income and Surplus US Alliance Life and Security Company is required to prepare statutory financial statements in accordance with statutory accounting practices prescribed or permitted by the Kansas Insurance Department. Statutory practices primarily differ from GAAP by charging policy acquisition costs to expense as incurred, establishing future policy benefit liabilities using different actuarial assumptions as well as valuing investments and certain assets and accounting for deferred taxes on a different basis. The following table summarizes the statutory net loss and statutory capital and surplus of US Alliance Life and Security Company as of December 31, 2016 2015 December 31, 2016 2015. Statutory Capital and Surplus as of December 31 December 31 2016 2015 $ 2,812,254 $ 2,935,205 Statutory Net Loss for the years ended December 31, 2016 2015 $ (868,744 ) $ (863,069 ) The payment of dividends to US Alliance Corporation by US Alliance Life and Security Company is subject to limitations imposed by applicable insurance laws. For example, “ extraordinary” dividends may not 12 10% December 31 12 December 31

Note 10 - Subsequent Events

Note 10 - Subsequent Events	3 Months Ended	12 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
Notes to Financial Statements
Subsequent Events [Text Block]	Note 6 . Subsequent Events All of the effects of subsequent events that provide additional evidence about conditions that existed at the balance sheet date, including the estimates inherent in the process of preparing the consolidated financial statements, are recognized in the consolidated financial statements. The Company does not not The Company has evaluated subsequent events through May 10, 2017,	Note 10. Subsequent Events All of the effects of subsequent events that provide additional evidence about conditions that existed at the balance sheet date, including the estimates inherent in the process of preparing the consolidated financial statements, are recognized in the consolidated financial statements. The Company does not not The Com pany has evaluated subsequent events through February 17, 2017,

Note 1 - Description of Busin24

Note 1 - Description of Business and Significant Accounting Policies	3 Months Ended	12 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
Notes to Financial Statements
Business Description and Accounting Policies [Text Block]	Note 1. Description of Business and Significant Accounting Policies Description of business : US Alliance Corporation (“the Company”) is a Kansas corporation located in Topeka, Kansas. The Company was incorporated April 24, 2009, June 9, 2011, January 2, 2012. April 23, 2012, The Company terminated its initial public offering on February 24, 2013. 2013, first May 1, 2013. 2014 2015. February 24, 2015, February 24, 2016. February 24, 2016 , the Company extended its current offering until February 24, 2017 April 1, 2016. February 24, 2018. The Company began offering third 2015. one Basis of presentation : The accompanying unaudited financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“US GAAP”) for interim financial information and with the instructions to Form 10 10 X. not The results of operation for the three months ended March 31, 2017 not December 31, 2017 not 10 December 31, 2016. Principles of consolidation : The consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries. All intercompany balances and transactions have been eliminated from the consolidated financial statements. Area of Operation : US Alliance Life and Security Company is authorized to operate in the states of Kansas, North Dakota, Oklahoma, and Missouri. Common stock and earnings (loss) per share: The par value for common stock is $0.10 9,000,000 March 31, 2017 December 31, 2016, 5,583,702 5,565,943 Earnings (loss) per share attributable to the Company ’s common stockholders were computed based on the net loss and the weighted average number of shares outstanding during each year. The weighted average number of shares outstanding during the three months ended March 31, 2017 2016 5,571,529 5,295,510 March 31, 2017 2016 New accounting standards : Revenue from Contracts with Customers In May 2014, not The following steps are applied in the updated guidance: ( 1 identify the contract(s) with a customer; ( 2 3 4 5 In July 2015, one March 31, 2018. not Disclosure of Uncertainties about an Entity's Ability to Continue as a Going Concern In August 2014, one If conditions or events raise substantial doubt that is not one The guidance is effective for annual periods ending after December 15, 2016, not Recognition and Measurement of Financial Assets and Financial Liabilities In January 2016, This guidance is effective for fiscal years beginning after December 15, 2017. not The effect of the adoption of this guidance on the Company ’s results of operations, financial position and liquidity is primarily dependent on the fair value of the available-for-sale equity securities in future periods and the existence of a deferred tax asset related to available-for-sale securities in future periods that have not Leases In February 2016, 12 two no not The updated guidance is effective for reporting periods beginning after December 15, 2018, not Contingent Put and Call Options in Debt Instruments In March 2016, not December 15, 2016. not Measurement of Credit Losses on Financial Instruments In June 2016, The updated guidance also amends the current other-than-temporary impairment model for available-for-sale debt securities by requiring the recognition of impairments relating to credit losses through an allowance account and limits the amount of credit loss to the difference between a security ’s amortized cost basis and its fair value. In addition, the length of time a security has been in an unrealized loss position will no The updated guidance is effective for reporting periods beginning after December 15, 2019. December 15, 2018. not Classification of Certain Cash Receipts and Cash Payment In August 2016, eight not December 15, 2017, All other new accounting standards and updates of existing standards issued through the date of this filing were considered by management and did not	Note 1. Description of business : US Alliance Corporation ("USAC") was formed as a Kansas corporation on April 24, 2009 4123 240, 66604. 785 228 0200 www.usalliancecorporation.com Our three ty Company ("USALSC") formed June 9, 2011; April 23, 2012, April 23, 2012 We capitalized our subsidiaries with proceeds from intrastate public offering(s) registered by qualification with the office of Kansas Securities Commissioner. USALSC received a Certificate of Authority from the Kansas Insurance Department ("KID") effective January 2, 2012, first May 1, 2013. Our single pay life products (which include our Legacy Juvenile and Thoughtful Pre-Need products) accounted for 85% 2016 e products (which include our Sound and Solid Term Life and Pioneer Whole Life products) accounted for 9% 2016 March 2015, 6% 2016 USALSC se eks opportunities to develop and market additional products. Our business model also anticipates the acquisition by USAC and/or USALSC of other insurance and insurance related companies, including third-party administrators, marketing organizations, and rights to other blocks of insurance business through reinsurance or other transactions. Basis of presentation : The consolidated financial statements of the Company have been prepared in accordance with accounting principles generally accepted (“GAAP”) in the United States of America. Principles of consolidation : The consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries. All intercompany balances and transactions have been eliminated from the consolidated financial statements. Area of Operation: US Alliance Life and Security Company is authorized to operate in the states of Kansas, North Dakota and Missouri and has a pending expansion application on file with the State of Oklahoma. Cash and cash equiv alents : For purposes of the statement of cash flows, the Company considers demand deposits and highly liquid investments with original maturities of three one $250,000 one no December 31, 2016. not not Property, equipment and software : Property, equipment and software are stated at cost less accumulated depreciation. Expenditures for additions and improvements that significantly add to the productive capacity or extend the useful life of an asset are capitalized. Expenditures for maintenance and repairs are charged to income currently. Upon disposition, the cost and related accumulated depreciation are removed from the accounts and any gain or loss is included in income. Depreciation is computed by the straight-line method over the estimated useful lives of the assets. Computer equipment is depreciated over no 5 no 10 no 10 period. Major categories of depreciable assets and the respective book values as of December 31, 2016 2015 Year ended Year ended December 31, December 31, 2016 2015 Computer $ 20,755 $ 20,755 Furniture and equipment 80,956 80,956 Software 257,500 257,500 Accumulated depreciation (114,362 ) (75,629 ) Balance at end of period $ 244,849 $ 283,582 Pre-paid expenses: The Company recognizes pre-paid expenses as the expenses are incurred. Pre-paid expenses consist of a multi-year computer service contract and systems consulting hours. Service contract expenses are charged straight line over the life of the contract. Systems consulting hours are charged as they are incurred on projects. Investments : Investments in available-for-sale securities are carried in the consolidated financial statements at fair value with the net unrealized holding gains (losses) included in accumulated other comprehensive income. Bond premiums and discounts are amortized using the scientific-yield method over the term of the bonds. Realized gains and losses on securities sold during the year a re determined using the specific identification method and included in investment income. Investment income is recognized as earned. Management has a policy and process in place to identify securities that could potentially have an impairment that is oth er-than-temporary. The assessment of whether impairments have occurred is based on a case-by-case evaluation of underlying reasons for the decline in fair value. We consider severity of impairment, duration of impairment, forecasted recovery period, industry outlook, financial condition of the issuer, issuer credit ratings and whether we intend to sell a security or it is more likely than not The recognition of other -than-temporary impairment losses on debt securities is dependent on the facts and circumstances related to the specific security. If we intend to sell a security or it is more likely than not not not not not December 31, 2016 2015, no Reinsurance : In the normal course of business, the Company seeks to limit aggregate and single exposure to losses on risks by purchasing reinsurance. The amounts reported in the consolidated balance sheets as reinsurance recoverable include amounts billed to reinsurers on losses paid as well as estimates of amounts expected to be recovered from reinsurers on insurance liabilities that have not not ’s primary liability under the policies written. Therefore, the Company regularly evaluates the financial condition of its reinsurers including their activities with respect to claim settlement practices no December 31, 2016 2015. Benefit reserves : The Company establishes liabilities for amounts payable under insurance policies, including traditional life insurance and annuities. Generally, amounts are payable over an extended period of time. Liabilities for future policy benefits of traditional life insurance have been computed by a net level premium method based upon estimates at the time of issue for investment yields, mortality and withdrawals. These estimates include provisions for experience less favorable than initially expected. Mortality assumptions are based on industry experience expressed as a percentage of standard mortality tables. Policy claims : Policy claims are based on reported claims plus estimated incurred but not not $37,391 Deposit-type contracts : Deposit-type contracts consist of amounts on deposit associated with deferred annuity contracts. The deferred annuity contracts credit interest based upon a fixed interest rate set by the Company. The Company has the ability to change this rate annually subject to minimums established by law or administrative regulation. Liabilities for these deposit-type contracts are included without reduction for potential surrender charges. This liability is equal to the accumulated account d eposits, plus interest credited, and less policyholder withdrawals. The following table provides information about deposit-type contracts for the years ended December 31, 2016 2015. Year ended Year ended December 31, December 31, 2016 2015 Balance at beginning of period $ 1,573,988 $ 686,316 Deposits received 1,989,833 910,817 Interest credited 80,452 31,478 Withdrawals (246,103 ) (54,623 ) Balance at end of period $ 3,398,170 $ 1,573,988 Revenue recognition and related expenses : Revenues on traditional life insurance products consist of direct premiums reported as earned when due. Premium income includes reinsurance assumed and is reduced by premiums ceded. Amounts received as payment for annuity contracts without life conting encies are recognized as deposits to policyholder account balances and included in future insurance policy benefits. Revenues from these contracts are comprised of fees earned for contract-holder services, which are recognized over the period acts, and included in revenue. Deposits are shown as a financing activity in the Consolidated Statements of Cash Flows. Liabilities for future policy benefits are provided and acquisition costs are amortized by associating benefits and expenses with earn ed premiums to recognize related profits over the life of the contracts. Deferred acquisition costs : The Company capitalizes and amortizes over the life of the premiums produced incremental direct costs that result directly from and are essential to the contract acquisition transaction and would not not may direct costs of contract acquisition that are incurred in transactions with independent third may The following table provides info rmation about deferred acquisition costs for the years ended December 31, 2016 2015, Year ended Year ended December 31, December 31, 2016 2015 Balance at beginning of period $ 86,053 $ 52,808 Capitalization of commissions, sales and issue expenses 221,410 146,539 Amortization net of interest (153,671 ) (113,294 ) Balance at end of period $ 153,792 $ 86,053 Comprehensive loss : Comprehensive loss is comprised of net loss and other comprehensive income (loss). Other comprehensive income (loss) includes unrealized gains and losses from marketable securities classified as available for sale, net of applicable taxes. Common stock and earnings (loss) per share: The par value for common stock is $0.10 9,000,000 December 31, 2016 2015 5,565,943 5,177,245 Earnings (loss) per share attributable to the Company ’s common stockholders were computed based on the net loss and the weighted average number of shares outstanding during each year. The weighted average number of shares outstanding during the years ended December 31, 2016 2015 5,421,972 4,431,740 December 31, 2016 2015 As of December 31, 2015 $827, 952. December 31, 2015. no December 31, 2016. Income taxes : The Company is subject to U.S. federal and state taxes. The provision for income taxes is based on income as reported in the consolidated financial statements. The income tax provision is calculated using the asset and liability method. Deferred income taxes are recorded based on the differences between the financial statement and tax basis of assets and liabilities at the enacted rates expected to apply to taxable income in the years in which the differences are expected to reverse. A valuation allowance is established for the amount of any deferred tax asset that exceeds the amount of the estimated future taxable income needed to utilize the future tax benefits. All of the Company ’s tax returns are subject to U.S. federal, state and local income tax examinations by tax authorities. The Company had no December 31, 2016 2015. The tax years which remain subject to examination by taxing authorities are the years ended December 31, 2013 2016. Risk and uncertainties: -Use of Estimates: The preparation of consolidated financial statements in conformity with US GAAP, generally accepted accounting principles in the United States, requires mana gement to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. - Regulatory Factors: The insurance laws of Kansas give the KID broad regulatory authority, including powers to (i) grant and revoke licenses to transact business; (ii) regulat e and supervise trade practices and market conduct, (iii) establish guaranty associations; (iv) license agents; (v) approve policy forms; (vi) approve premium rates for some lines of business; (vii) establish reserve requirements; (viii) prescribe the form and content of required financial statements and reports; (ix) determine the reasonableness and adequacy of statutory capital and surplus; and ( x The Dodd-Frank Wall Street Reform and Consumer Prot ection Act (the "Reform Act") reshapes financial regulations in the United States by creating new regulators, regulating new markets and firms, and providing new enforcement powers to regulators. Virtually all major areas of the Reform Act continue to be subject to regulatory interpretation and implementation rules requiring rulemaking that may - Reinsurance: In order to manage the risk of financial exposure to adverse underwriting results, USALSC reinsures a portion of its risk with other insurance companies. USALSC retains $35,000 $25,000 100% 25% $100,000 25% $25,000 three 100% 66% not - Interest Rate Risk: Interest rate fluctuations could impair an insurance company's ability to pay policyholder benefits with operating and investment cash flows, cash on hand and other cash sources. Annuity products expose the risk that changes in interest rates will reduce any spread, or the difference between the amounts that the insurance company is required to pay under the contracts and the amounts the insurance subsidiary is able to earn on its investments intended to support its obligations under the contracts. Spread is a key component of revenues. To the extent that interest rates credited are less than those generally available in the marketplace, policyholder lapses, policy loans and surrenders, and withdrawals of life insurance policies and annuity contracts may may may Increases in market interest rates may may to keep interest sensitive products competitive. If interest rates were to increase by 1% 6.6% December 31, 2016. may Conversely, in a period of prolonged low interest rates it is difficult to invest assets and earn the rate of return necessary to support insurance products. Some central b anks currently have negative interest rates which contributes to the current low interest rate environment. - Investment Risk: Our invested assets are subject to customary risks of defaults and changes in market values. Factors that may terest rate levels, financial market performance, and general economic conditions. - Assumptions Risk: In the life insurance business, assumptions as to expected mortality, lapse rates and other factors in developing the pricing and other terms of life insurance products are made. These assumptions are based on industry experience and a re reviewed and revised regularly by an outside actuary to reflect actual experience on a current basis. However, variation of actual experience from that assumed in developing such terms may Reclassifications : Certain reclassifications of a minor nature have been made to prior-year balances to conform to current-year presentation with no New accounting standards : Revenue from Contracts with Customers In May 2014, FASB”) issued updated guidance to clarify the principles for recognizing revenue. While insurance contracts are not The following steps are applied in the updated guidance: ( 1 identify the contract(s) with a customer; ( 2 3 4 5 In July 2015, one March 31, 2018. not Disclosure of Uncertainties about an Entity's Ability to Continue as a Going Concern In August 2014, to continue as a going concern and when an entity must disclose certain relevant conditions and events. The new guidance requires an entity to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the entity's ability to continue as a going concern within one alleviate the substantial doubt and requires certain disclosures when substantial doubt is alleviated as a result of consideration of management's plans. If conditions or events raise substantial doubt that is not at there is substantial doubt about the entity's ability to continue as a going concern within one The guidance is effective for annual per iods ending after December 15, 2016, not Recognition and Measurement of Financial Assets and Financial Liabilities In January 2016, to enhance reporting for financial instruments and addresses certain aspects of recognition, measurement, presentation and disclosure of financial instruments. The significant amendments in this update generally require equity investments to be measured at fair value with changes in fair value recognized in net income, require the use of an exit price notion when measuring the fair value of financial instruments for disclosure purposes and clarifies that an entity should evaluate the need for a valuation allowance on a deferred tax asset related to available-for-sale securities. This guidance also intends to enhance the presentation of certain fair value changes for financial liabilities measured at fair value. It also amends certain disclosure requirements associated with the fair value of financial instruments. This guidance is effective for fiscal years beginning after December 15, 2017. to the balance sheet as of the beginning of the fiscal year of adoption and early adoption is not The effect of the adoption of this guidance on the Company ’s results of operations, financial position and liquidity is primarily dependent on the fair value of the available-for-sale equity securities in future periods and the existence of a deferred tax asset related to available-for-sale securities in future periods that have not Leases In February 2016, 12 two no not quantitative disclosures, including addi tional information about the amounts recorded in the financial statements. The updated guidance is effective for reporting periods beginning after December 15, 2018, not Contingent Put and Call Options in Debt Instruments In March 2016, not December 15, 2016. Early adoption is permitted. The adoption of this guidance is not Measurement of Credit Losses on Financial Instruments In June 2016, The updated guidance also amends the current other-than-temporary impairment model for available-for-sale debt securities by requiring the recognition o f impairments relating to credit losses through an allowance account and limits the amount of credit loss to the difference between a security’s amortized cost basis and its fair value. In addition, the length of time a security has been in an unrealized loss position will no The updated guidance is effective for reporting periods beginning after December 15, 2019. December 15, 2018. not Classification of Certain Cash Receipts and Cash Paym ent In August 2016, eight not guishment costs; (ii) proceeds from the settlement of corporate-owned life insurance policies including bank-owned life insurance policies; (iii) distributions received from equity method investees; and (iv) separately identifiable cash flows and application of the predominance principle. This guidance is effective for fiscal years beginning after December 15, 2017, All other new accounting standards and updates of existing standards issued through the date of this filing were considered by management and did not Company at this time.

Note 2 - Investments25

Note 2 - Investments	3 Months Ended	12 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
Notes to Financial Statements
Investment [Text Block]	Note 2. Investments T he amortized cost and fair value of available for sale and held to maturity investments as of March 31, 2017 December 31, 2016 March 31, 2017 Cost or Gross Gross Amortized Unrealized Unrealized Cost Gains Losses Fair Value Available for sale: (Unaudited) Fixed maturities: US Treasury securities $ 315,229 $ - $ (12,646 ) $ 302,583 Corporate bonds 4,417,718 71,032 (36,034 ) 4,452,716 Municipal bonds 3,624,678 62,399 (30,087 ) 3,656,990 Mortgage backed and asset backed securities 3,276,332 39,488 (39,653 ) 3,276,167 Total fixed maturities 11,633,957 172,919 (118,420 ) 11,688,456 Equities: Equities 4,962,881 257,651 (85,109 ) 5,135,423 Other equity investments 296,226 38,949 (3,492 ) 331,683 Total equities 5,259,107 296,600 (88,601 ) 5,467,106 Total available for sale $ 16,893,064 $ 469,519 $ (207,021 ) $ 17,155,562 December 31, 2016 Cost or Gross Gross Amortized Unrealized Unrealized Cost Gains Losses Fair Value Available for sale: Fixed maturities: US Treasury securities $ 314,992 $ - $ (15,830 ) $ 299,162 Corporate bonds 3,828,418 62,712 (45,234 ) 3,845,896 Municipal bonds 2,841,137 46,883 (38,191 ) 2,849,829 Mortgage backed and asset backed securities 3,333,617 36,870 (45,300 ) 3,325,187 Total fixed maturities 10,318,164 146,465 (144,555 ) 10,320,074 Equities: Equities 4,723,024 350,981 (131,757 ) 4,942,248 Other equity investments 182,929 23,046 (4,719 ) 201,256 Total equities 4,905,953 374,027 (136,476 ) 5,143,504 Total available for sale $ 15,224,117 $ 520,492 $ (281,031 ) $ 15,463,578 The amortized cost and fair value of debt securities as of March 31, 2017, not not may may As of March 31, 2017 Amortized Cost Fair Value Amounts maturing in: (unaudited) One year or less $ 49,951 $ 49,929 After one year through five years 1,718,157 1,714,094 After five years through ten years 1,646,453 1,647,786 More than 10 years 4,943,064 5,000,480 Mortgage backed and asset backed securities 3,276,332 3,276,167 $ 11,633,957 $ 11,688,456 Proceeds from the sale of securities, maturities, and asset paydowns for the first three 2017 2016 $969,740 $245,640, Quarter Ended March 31, (unaudited) 2017 2016 Gross gains $ 192,405 $ 10,838 Gross losses - - Net security gains $ 192,405 $ 10,838 Gross unrealized losses by duration are summarized as follows: Less than 12 months Greater than 12 months Total Fair Unrealized Fair Unrealized Fair Unrealized Value Loss Value Loss Value Loss March 31, 2017 Available for sale: (unaudited) Fixed maturities: US Treasury securities $ 302,583 $ (12,646 ) $ - $ - $ 302,583 $ (12,646 ) Corporate bonds 2,057,429 (35,288 ) 49,157 (746 ) 2,106,586 (36,034 ) Municipal bonds 1,219,109 (30,087 ) - - 1,219,109 (30,087 ) Mortgage backed and asset backed securities 1,564,225 (37,381 ) 116,700 (2,272 ) 1,680,925 (39,653 ) Total fixed maturities 5,143,346 (115,402 ) 165,857 (3,018 ) 5,309,203 (118,420 ) Equities: Equities 1,648,897 (23,309 ) 1,074,560 (61,800 ) 2,723,457 (85,109 ) Other equity investments 109,804 (3,492 ) - - 109,804 (3,492 ) Total equities 1,758,701 (26,801 ) 1,074,560 (61,800 ) 2,833,261 (88,601 ) Total available for sale $ 6,902,047 $ (142,203 ) $ 1,240,417 $ (64,818 ) $ 8,142,464 $ (207,021 ) Less than 12 months Greater than 12 months Total Fair Unrealized Fair Unrealized Fair Unrealized Value Loss Value Loss Value Loss December 31, 2016 Available for sale: Fixed maturities: US Treasury securities $ 299,162 $ (15,830 ) $ - $ - $ 299,162 $ (15,830 ) Corporate bonds 1,897,000 (42,994 ) 196,399 (2,240 ) 2,093,399 (45,234 ) Municipal bonds 1,296,688 (38,191 ) - - 1,296,688 (38,191 ) Mortgage backed and asset backed securities 1,700,173 (39,264 ) 134,090 (6,036 ) 1,834,263 (45,300 ) Total fixed maturities 5,193,023 (136,279 ) 330,489 (8,276 ) 5,523,512 (144,555 ) Equities: Equities 1,007,860 (59,357 ) 1,063,959 (72,400 ) 2,071,819 (131,757 ) Other equity investments 52,840 (4,719 ) - - 52,840 (4,719 ) Total equities 1,060,700 (64,076 ) 1,063,959 (72,400 ) 2,124,659 (136,476 ) Total available for sale $ 6,253,723 $ (200,355 ) $ 1,394,448 $ (80,676 ) $ 7,648,171 $ (281,031 ) Unrealized losses occur from market price declines that may The total number of securities in the investment portfolio in an unrealized loss position as of March 31, 2017 66, $207,021 66 33 22 7 2 1 1 no March 31, 2017 December 31, 2016. March 31, 2017 $469,519.	Note 2. Investments The amortized cost and fair value of available for sale and held to maturity investments as of December 31, 2016 2015 December 31, 2016 Cost or Gross Gross Amortized Unrealized Unrealized Cost Gains Losses Fair Value Available for sale: Fixed maturities: US Treasury securities $ 314,992 $ - $ (15,830 ) $ 299,162 Corporate bonds 3,828,418 62,712 (45,234 ) 3,845,896 Municipal bonds 2,841,137 46,883 (38,191 ) 2,849,829 Mortgage backed and asset backed securities 3,333,617 36,870 (45,300 ) 3,325,187 Total fixed maturities 10,318,164 146,465 (144,555 ) 10,320,074 Equities: Equities 4,723,024 350,981 (131,757 ) 4,942,248 Other equity investments 182,929 23,046 (4,719 ) 201,256 Total equities 4,905,953 374,027 (136,476 ) 5,143,504 Total available for sale $ 15,224,117 $ 520,492 $ (281,031 ) $ 15,463,578 December 31, 2015 Cost or Gross Gross Amortized Unrealized Unrealized Cost Gains Losses Fair Value Available for sale: Fixed maturities: US Treasury securities $ 461,132 $ - $ (34,816 ) $ 426,316 Corporate bonds 3,039,539 15,715 (143,701 ) 2,911,553 Municipal bonds 1,726,098 28,634 (10,595 ) 1,744,137 Mortgage backed and asset backed securities 3,083,390 19,554 (53,831 ) 3,049,113 Total fixed maturities 8,310,159 63,903 (242,943 ) 8,131,119 Equities: Equities 3,387,927 219,883 (177,756 ) 3,430,054 Other equity investments 137,778 36,436 - 174,214 Total equities 3,525,705 256,319 (177,756 ) 3,604,268 Total available for sale $ 11,835,864 $ 320,222 $ (420,699 ) $ 11,735,387 The amortized cost and fair value of debt securities as of December 31, 2016 2015, not not included in the following maturity summary. Actual maturities may may As of December 31, 2016 As of December 31, 2015 Amortized Cost Fair Value Amortized Cost Fair Value Amounts maturing in: One year or less $ 49,915 $ 49,931 $ 50,105 $ 50,127 After one year through five years 1,819,437 1,809,470 1,046,934 1,040,747 After five years through ten years 1,646,576 1,643,823 1,664,103 1,592,766 More than 10 years 3,468,619 3,491,663 2,465,627 2,398,366 Mortgage backed and asset backed securities 3,333,617 3,325,187 3,083,389 3,049,113 $ 10,318,164 $ 10,320,074 $ 8,310,158 $ 8,131,119 Proceeds from the sale of securities, maturities, and asset paydowns in 2016 2015 $1,674,014 $1,236,063, Years Ended December 31, 2016 2015 Gross gains $ 122,192 $ 90,602 Gross losses (21,814 ) (92,126 ) Net security (losses) gains $ 100,378 $ (1,524 ) Gross unrealized losses by duration are summarized as follows: Less than 12 months Greater than 12 months Total Fair Unrealized Fair Unrealized Fair Unrealized Value Loss Value Loss Value Loss December 31, 2016 Available for sale: Fixed maturities: US Treasury securities $ 299,162 $ (15,830 ) $ - $ - $ 299,162 $ (15,830 ) Corporate bonds 1,897,000 (42,994 ) 196,399 (2,240 ) 2,093,399 (45,234 ) Municipal bonds 1,296,688 (38,191 ) - - 1,296,688 (38,191 ) Mortgage backed and asset backed securities 1,700,173 (39,264 ) 134,090 (6,036 ) 1,834,263 (45,300 ) Total fixed maturities 5,193,023 (136,279 ) 330,489 (8,276 ) 5,523,512 (144,555 ) Equities: Equities 1,007,860 (59,357 ) 1,063,959 (72,400 ) 2,071,819 (131,757 ) Other equity investments 52,840 (4,719 ) - - 52,840 (4,719 ) Total equities 1,060,700 (64,076 ) 1,063,959 (72,400 ) 2,124,659 (136,476 ) Total available for sale $ 6,253,723 $ (200,355 ) $ 1,394,448 $ (80,676 ) $ 7,648,171 $ (281,031 ) Less than 12 months Greater than 12 months Total Fair Unrealized Fair Unrealized Fair Unrealized Value Loss Value Loss Value Loss December 31, 2015 Available for sale: Fixed maturities: US Treasury securities $ 197,719 $ (1,351 ) $ 228,597 $ (33,465 ) $ 426,316 $ (34,816 ) Corporate bonds 2,141,253 (143,701 ) - - 2,141,253 (143,701 ) Municipal bonds 675,885 (10,595 ) - - 675,885 (10,595 ) Mortgage backed and asset backed securities 1,943,017 (39,189 ) 438,173 (14,642 ) 2,381,190 (53,831 ) Total fixed maturities 4,957,874 (194,836 ) 666,770 (48,107 ) 5,624,644 (242,943 ) Equities: Equities 1,036,877 (75,352 ) 820,370 (102,404 ) 1,857,247 (177,756 ) Total equities 1,036,877 (75,352 ) 820,370 (102,404 ) 1,857,247 (177,756 ) Total available for sale $ 5,994,751 $ (270,188 ) $ 1,487,140 $ (150,511 ) $ 7,481,891 $ (420,699 ) Unrealized losses occur from market price declines that may operational difficulties, lawsuits, and market pricing anomalies caused by factors such as temporary lack of liquidity. The total number of securities in the investment portfolio in an unrealized loss position as of December 31, 2016 66, $281,031 66 35 23 4 2 1 1 no December 31, 2016 2015. December 31, 2016 $520,516.

Note 3 - Fair Value Measureme26

Note 3 - Fair Value Measurements	3 Months Ended	12 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
Notes to Financial Statements
Fair Value Disclosures [Text Block]	Note 3. Fair Value Measurements The fair value of an asset or liability is the price that would be received to sell that asset or paid to transfer that liability in an orderly transaction occurring in the principal market (or most advantageous market in the absence of a principal market) for such asset or liability. In estimating fair value, the Company utilizes valuation techniques that are consistent with the market approach, the income approach and/or the cost approach. Such valuation techniques are consistently applied. Inputs to valuation techniques include the assumptions that market participants would use in pricing an asset or liability. The Company uses a fair value hierarchy for valuation inputs that gives the highest priority to quoted prices in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. The fair value hierarchy is as follows: ● Level 1 ● Level 2 1 The Company’s Level 2 ● Level 3 ’s own assumptions about the assumptions that market participants would use in pricing the assets or liabilities. Investments, available for sale : Investments in securities that are classified as available for sale are recorded at fair value utilizing Level 1 2 The following table presents the amounts of assets measured at fair value on a recurring basis as of March 31, 2017 December 31, 2016: March 31, 2017 Total Level 1 Level 2 Level 3 Available for sale: (unaudited) Fixed maturities: US Treasury securities $ 302,583 $ 302,583 $ - $ - Corporate bonds 4,452,716 - 4,452,716 - Municipal bonds 3,656,990 - 3,656,990 - Mortgage backed and asset backed securities 3,276,167 - 3,276,167 - Total fixed maturities 11,688,456 302,583 11,385,873 - Equities: Equities 5,135,423 5,135,423 - - Other equity investments 331,683 331,683 - - Total equities 5,467,106 5,467,106 - - Total $ 17,155,562 $ 5,769,689 $ 11,385,873 $ - December 31, 2016 Total Level 1 Level 2 Level 3 Available for sale: Fixed maturities: US Treasury securities $ 299,162 $ 299,162 $ - $ - Corporate bonds 3,845,896 - 3,845,896 - Municipal bonds 2,849,829 - 2,849,829 - Mortgage backed and asset backed securities 3,325,187 - 3,325,187 - Total fixed maturities 10,320,074 299,162 10,020,912 - Equities: Equities 4,942,248 4,942,248 - - Other equity investments 201,256 201,256 - - Total equities 5,143,504 5,143,504 - - Total $ 15,463,578 $ 5,442,666 $ 10,020,912 $ - The Company discloses the fair value of financial assets and financial liabilities, including those financial assets and financial liabilities that are not ies for other financial assets and financial liabilities are discussed below: Cash and cash equivalents : The carrying amounts approximate fair value because of the short maturity of these instruments. Policyholder deposits in deposit-type contracts : The fair value for policyholder deposits in deposit-type insurance contracts (accumulation annuities) is calculated usinga discounted cash flow approach. Cash flows are projected using actuarial assumptions and discounted to the valuation date using the risk-free rates adjusted for credit risk and the nonperformance risk of the liabilities. The estimated fair values of the Company ’s financial assets and liabilities at March 31, 2017 December 31, 2016 March 31, 2017 December 31, 2016 (unaudited) Carrying Value Fair Value Carrying Value Fair Value Financial Assets: Cash and cash equivalents $ 2,177,660 $ 2,177,660 $ 3,145,745 $ 3,145,745 Investments, at fair value 17,155,562 17,155,562 15,463,578 15,463,578 Total Financial Assets $ 19,333,222 $ 19,333,222 $ 18,609,323 $ 18,609,323 Financial Liabilities: Policyholder deposits in deposit-type contracts $ 3,856,221 $ 3,795,307 $ 3,398,170 $ 3,260,086 Total Financial Liabilities $ 3,856,221 $ 3,795,307 $ 3,398,170 $ 3,260,086	Note 3. Fair Value Measurements The fair value of an asset or liability is the price that would be received to sell that asset or paid to transfer that liability in an orderly transaction occurring in the principal market ( or most advantageous market in the absence of a principal market) for such asset or liability. In estimating fair value, the Company utilizes valuation techniques that are consistent with the market approach, the income approach and/or the cost approach. Such valuation techniques are consistently applied. Inputs to valuation techniques include the est priority to quoted prices in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. The fair value hierarchy is as follows: ● Level 1 assets or liabilities that the Company has the ability to access at the measurement rate. ● Level 2 1 ● Level 3 ’s own assumptions about the assumptions that market participants would use in pricing the assets or liabilities. Investments, available for sale : Fair values of available for sale fixed maturity securities are provided by a third third The table below presents the amounts of assets measured at fair value on a recurring basis as of December 31, 2016 2015: December 31, 2016 Total Level 1 Level 2 Level 3 Available for sale: Fixed maturities: US Treasury securities $ 299,162 $ 299,162 $ - $ - Corporate bonds 3,845,896 - 3,845,896 - Municipal bonds 2,849,829 - 2,849,829 - Mortgage backed and asset backed securities 3,325,187 - 3,325,187 - Total fixed maturities 10,320,074 299,162 10,020,912 - Equities: Equities 4,942,248 4,942,248 - - Other equity investments 201,256 201,256 - - Total equities 5,143,504 5,143,504 - - Total $ 15,463,578 $ 5,442,666 $ 10,020,912 $ - Decemeber 31, 2015 Total Level 1 Level 2 Level 3 Available for sale: Fixed maturities: US Treasury securities $ 426,316 $ 426,316 $ - $ - Corporate bonds 2,911,553 - 2,911,553 - Municipal bonds 1,744,137 - 1,744,137 - Mortgage backed and asset backed securities 3,049,113 - 3,049,113 - Total fixed maturities 8,131,119 426,316 7,704,803 - Equities: Equities 3,430,054 3,430,054 - - Other equity investments 174,214 174,214 - - Total equities 3,604,268 3,604,268 - - Total $ 11,735,387 $ 4,030,584 $ 7,704,803 $ - The Company discloses the fair value of financial assets and financial liabilities, i ncluding those financial assets and financial liabilities that are not measured at fair value on a recurring or non-recurring basis are discussed above. The estimated fair value approximates carrying value for accrued interest. The methodologies for other financial assets and financial liabilities are discussed below: Cash and cash equivalents : The carrying amounts approximate fair value because of the short maturity of these instruments. Policyholder deposits in deposit-type contracts : The fair value for policyholder deposits deposit-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 estimated fair values of the Company ’s financial assets and liabilities at December 31 December 31, 2016 December 31, 2015 Carrying Value Fair Value Carrying Value Fair Value Financial Assets: Cash and cash equivalents $ 3,145,745 $ 3,145,745 $ 2,466,526 $ 2,466,526 Investments, at fair value 15,463,578 15,463,578 11,735,387 11,735,387 Total Financial Assets $ 18,609,323 $ 18,609,323 $ 14,201,913 $ 14,201,913 Financial Liabilities: Policyholder deposits in deposit-type contracts $ 3,398,170 $ 3,260,086 $ 1,573,988 $ 1,406,724 Total Financial Liabilities $ 3,398,170 $ 3,260,086 $ 1,573,988 $ 1,406,724

Note 4 - Income Tax Provision27

Note 4 - Income Tax Provision	3 Months Ended	12 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
Notes to Financial Statements
Income Tax Disclosure [Text Block]	Note 4. Income Tax Provision No March 31, 2017 2016 100% The net operating loss carryforwards for the Company are $5,250,492 $5,050,176 March 31, 2017 December 31, 2016, 100	Note 4. Income Tax Provision No December 31, 2016 2015 generated by the Company and the 100 The net operating loss carryforwards for the Company are $5,050,176 $3,940,774 December 31, 2016 2015, es are the following: fixed asset depreciation, net operating loss carryforward, net unrealized losses on investment securities, policy owner benefit reserves and deferred acquisition costs. The net deferred tax asset is offset 100

Note 5 - Warrants

Note 5 - Warrants	3 Months Ended	12 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
Notes to Financial Statements
Stockholders' Equity Note Disclosure [Text Block]	Note 5 . Warrants The Company conducted its public stock offering through the sale of units. Each unit was sold for $1,000 200 200 $6.00 not February 24, 2016. April 1, 2016. December 31, 2014 2,532,400 February 24, 2015, 2015, 944,845 December 31, 2015 1,587,555 first three 2016, 354,794 Management engaged the services of an experienced valuation firm to value the warrants as of February 24, 2013. $0.01 zero March 31, 2016. not	Note 7. Warrants The Company conducted its public stock offer ing through the sale of units. Each unit was sold for $1,000 200 200 $6.00 not February 24, 2016. December 31, 2014 2,532,400 February 24, 2015 2015, 944,845 December 31, 2015 1,587,555 February 24, 2016 April 1, 2016 December 31, 2016 no Management engaged the services of an experienced valuation firm to value the warrants as of February 24, 2013. $0.01 per share of common stock and management has allocated this amount from additional paid-in capital to the outstanding warrants. As the warrants have been exercised, the value allocated to the warrants exercised has been restored to additional paid-in capital. As of December 31, 2016, no

Note 6 - Subsequent Events

Note 6 - Subsequent Events	3 Months Ended	12 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
Notes to Financial Statements
Subsequent Events [Text Block]	Note 6 . Subsequent Events All of the effects of subsequent events that provide additional evidence about conditions that existed at the balance sheet date, including the estimates inherent in the process of preparing the consolidated financial statements, are recognized in the consolidated financial statements. The Company does not not The Company has evaluated subsequent events through May 10, 2017,	Note 10. Subsequent Events All of the effects of subsequent events that provide additional evidence about conditions that existed at the balance sheet date, including the estimates inherent in the process of preparing the consolidated financial statements, are recognized in the consolidated financial statements. The Company does not not The Com pany has evaluated subsequent events through February 17, 2017,

Significant Accounting Policies

Significant Accounting Policies (Policies)	3 Months Ended	12 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
Accounting Policies [Abstract]
Assumption Risk, Policy [Policy Text Block]		- Assumptions Risk: In the life insurance business, assumptions as to expected mortality, lapse rates and other factors in developing the pricing and other terms of life insurance products are made. These assumptions are based on industry experience and a re reviewed and revised regularly by an outside actuary to reflect actual experience on a current basis. However, variation of actual experience from that assumed in developing such terms may
Reclassification, Policy [Policy Text Block]		Reclassifications : Certain reclassifications of a minor nature have been made to prior-year balances to conform to current-year presentation with no
New Accounting Pronouncements, Policy [Policy Text Block]	New accounting standards : Revenue from Contracts with Customers In May 2014, not The following steps are applied in the updated guidance: ( 1 identify the contract(s) with a customer; ( 2 3 4 5 In July 2015, one March 31, 2018. not Disclosure of Uncertainties about an Entity's Ability to Continue as a Going Concern In August 2014, one If conditions or events raise substantial doubt that is not one The guidance is effective for annual periods ending after December 15, 2016, not Recognition and Measurement of Financial Assets and Financial Liabilities In January 2016, This guidance is effective for fiscal years beginning after December 15, 2017. not The effect of the adoption of this guidance on the Company ’s results of operations, financial position and liquidity is primarily dependent on the fair value of the available-for-sale equity securities in future periods and the existence of a deferred tax asset related to available-for-sale securities in future periods that have not Leases In February 2016, 12 two no not The updated guidance is effective for reporting periods beginning after December 15, 2018, not Contingent Put and Call Options in Debt Instruments In March 2016, not December 15, 2016. not Measurement of Credit Losses on Financial Instruments In June 2016, The updated guidance also amends the current other-than-temporary impairment model for available-for-sale debt securities by requiring the recognition of impairments relating to credit losses through an allowance account and limits the amount of credit loss to the difference between a security ’s amortized cost basis and its fair value. In addition, the length of time a security has been in an unrealized loss position will no The updated guidance is effective for reporting periods beginning after December 15, 2019. December 15, 2018. not Classification of Certain Cash Receipts and Cash Payment In August 2016, eight not December 15, 2017, All other new accounting standards and updates of existing standards issued through the date of this filing were considered by management and did not	New accounting standards : Revenue from Contracts with Customers In May 2014, FASB”) issued updated guidance to clarify the principles for recognizing revenue. While insurance contracts are not The following steps are applied in the updated guidance: ( 1 identify the contract(s) with a customer; ( 2 3 4 5 In July 2015, one March 31, 2018. not Disclosure of Uncertainties about an Entity's Ability to Continue as a Going Concern In August 2014, to continue as a going concern and when an entity must disclose certain relevant conditions and events. The new guidance requires an entity to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the entity's ability to continue as a going concern within one alleviate the substantial doubt and requires certain disclosures when substantial doubt is alleviated as a result of consideration of management's plans. If conditions or events raise substantial doubt that is not at there is substantial doubt about the entity's ability to continue as a going concern within one The guidance is effective for annual per iods ending after December 15, 2016, not Recognition and Measurement of Financial Assets and Financial Liabilities In January 2016, to enhance reporting for financial instruments and addresses certain aspects of recognition, measurement, presentation and disclosure of financial instruments. The significant amendments in this update generally require equity investments to be measured at fair value with changes in fair value recognized in net income, require the use of an exit price notion when measuring the fair value of financial instruments for disclosure purposes and clarifies that an entity should evaluate the need for a valuation allowance on a deferred tax asset related to available-for-sale securities. This guidance also intends to enhance the presentation of certain fair value changes for financial liabilities measured at fair value. It also amends certain disclosure requirements associated with the fair value of financial instruments. This guidance is effective for fiscal years beginning after December 15, 2017. to the balance sheet as of the beginning of the fiscal year of adoption and early adoption is not The effect of the adoption of this guidance on the Company ’s results of operations, financial position and liquidity is primarily dependent on the fair value of the available-for-sale equity securities in future periods and the existence of a deferred tax asset related to available-for-sale securities in future periods that have not Leases In February 2016, 12 two no not quantitative disclosures, including addi tional information about the amounts recorded in the financial statements. The updated guidance is effective for reporting periods beginning after December 15, 2018, not Contingent Put and Call Options in Debt Instruments In March 2016, not December 15, 2016. Early adoption is permitted. The adoption of this guidance is not Measurement of Credit Losses on Financial Instruments In June 2016, The updated guidance also amends the current other-than-temporary impairment model for available-for-sale debt securities by requiring the recognition o f impairments relating to credit losses through an allowance account and limits the amount of credit loss to the difference between a security’s amortized cost basis and its fair value. In addition, the length of time a security has been in an unrealized loss position will no The updated guidance is effective for reporting periods beginning after December 15, 2019. December 15, 2018. not Classification of Certain Cash Receipts and Cash Paym ent In August 2016, eight not guishment costs; (ii) proceeds from the settlement of corporate-owned life insurance policies including bank-owned life insurance policies; (iii) distributions received from equity method investees; and (iv) separately identifiable cash flows and application of the predominance principle. This guidance is effective for fiscal years beginning after December 15, 2017, All other new accounting standards and updates of existing standards issued through the date of this filing were considered by management and did not Company at this time.
Basis of Accounting, Policy [Policy Text Block]	Basis of presentation : The accompanying unaudited financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“US GAAP”) for interim financial information and with the instructions to Form 10 10 X. not The results of operation for the three months ended March 31, 2017 not December 31, 2017 not 10 December 31, 2016.	Basis of presentation : The consolidated financial statements of the Company have been prepared in accordance with accounting principles generally accepted (“GAAP”) in the United States of America.
Consolidation, Policy [Policy Text Block]	Principles of consolidation : The consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries. All intercompany balances and transactions have been eliminated from the consolidated financial statements.	Principles of consolidation : The consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries. All intercompany balances and transactions have been eliminated from the consolidated financial statements.
Area of Operation, Policy [Policy Text Block]	Area of Operation : US Alliance Life and Security Company is authorized to operate in the states of Kansas, North Dakota, Oklahoma, and Missouri.	Area of Operation: US Alliance Life and Security Company is authorized to operate in the states of Kansas, North Dakota and Missouri and has a pending expansion application on file with the State of Oklahoma.
Cash and Cash Equivalents, Policy [Policy Text Block]		Cash and cash equiv alents : For purposes of the statement of cash flows, the Company considers demand deposits and highly liquid investments with original maturities of three one $250,000 one no December 31, 2016. not not
Property, Plant and Equipment, Policy [Policy Text Block]		Property, equipment and software : Property, equipment and software are stated at cost less accumulated depreciation. Expenditures for additions and improvements that significantly add to the productive capacity or extend the useful life of an asset are capitalized. Expenditures for maintenance and repairs are charged to income currently. Upon disposition, the cost and related accumulated depreciation are removed from the accounts and any gain or loss is included in income. Depreciation is computed by the straight-line method over the estimated useful lives of the assets. Computer equipment is depreciated over no 5 no 10 no 10 period. Major categories of depreciable assets and the respective book values as of December 31, 2016 2015 Year ended Year ended December 31, December 31, 2016 2015 Computer $ 20,755 $ 20,755 Furniture and equipment 80,956 80,956 Software 257,500 257,500 Accumulated depreciation (114,362 ) (75,629 ) Balance at end of period $ 244,849 $ 283,582
Deferred Charges, Policy [Policy Text Block]		Pre-paid expenses: The Company recognizes pre-paid expenses as the expenses are incurred. Pre-paid expenses consist of a multi-year computer service contract and systems consulting hours. Service contract expenses are charged straight line over the life of the contract. Systems consulting hours are charged as they are incurred on projects.
Marketable Securities, Available-for-sale Securities, Policy [Policy Text Block]		Investments : Investments in available-for-sale securities are carried in the consolidated financial statements at fair value with the net unrealized holding gains (losses) included in accumulated other comprehensive income. Bond premiums and discounts are amortized using the scientific-yield method over the term of the bonds. Realized gains and losses on securities sold during the year a re determined using the specific identification method and included in investment income. Investment income is recognized as earned. Management has a policy and process in place to identify securities that could potentially have an impairment that is oth er-than-temporary. The assessment of whether impairments have occurred is based on a case-by-case evaluation of underlying reasons for the decline in fair value. We consider severity of impairment, duration of impairment, forecasted recovery period, industry outlook, financial condition of the issuer, issuer credit ratings and whether we intend to sell a security or it is more likely than not The recognition of other -than-temporary impairment losses on debt securities is dependent on the facts and circumstances related to the specific security. If we intend to sell a security or it is more likely than not not not not not December 31, 2016 2015, no
Reinsurance Accounting Policy [Policy Text Block]		Reinsurance : In the normal course of business, the Company seeks to limit aggregate and single exposure to losses on risks by purchasing reinsurance. The amounts reported in the consolidated balance sheets as reinsurance recoverable include amounts billed to reinsurers on losses paid as well as estimates of amounts expected to be recovered from reinsurers on insurance liabilities that have not not ’s primary liability under the policies written. Therefore, the Company regularly evaluates the financial condition of its reinsurers including their activities with respect to claim settlement practices no December 31, 2016 2015.
Future Policy Benefits Liability, Policy [Policy Text Block]		Benefit reserves : The Company establishes liabilities for amounts payable under insurance policies, including traditional life insurance and annuities. Generally, amounts are payable over an extended period of time. Liabilities for future policy benefits of traditional life insurance have been computed by a net level premium method based upon estimates at the time of issue for investment yields, mortality and withdrawals. These estimates include provisions for experience less favorable than initially expected. Mortality assumptions are based on industry experience expressed as a percentage of standard mortality tables.
Unpaid Policy Claims and Claims Adjustment Expense, Policy [Policy Text Block]		Policy claims : Policy claims are based on reported claims plus estimated incurred but not not $37,391
Deposit Contracts, Policy [Policy Text Block]		Deposit-type contracts : Deposit-type contracts consist of amounts on deposit associated with deferred annuity contracts. The deferred annuity contracts credit interest based upon a fixed interest rate set by the Company. The Company has the ability to change this rate annually subject to minimums established by law or administrative regulation. Liabilities for these deposit-type contracts are included without reduction for potential surrender charges. This liability is equal to the accumulated account d eposits, plus interest credited, and less policyholder withdrawals. The following table provides information about deposit-type contracts for the years ended December 31, 2016 2015. Year ended Year ended December 31, December 31, 2016 2015 Balance at beginning of period $ 1,573,988 $ 686,316 Deposits received 1,989,833 910,817 Interest credited 80,452 31,478 Withdrawals (246,103 ) (54,623 ) Balance at end of period $ 3,398,170 $ 1,573,988
Insurance Premiums Revenue Recognition, Policy [Policy Text Block]		Revenue recognition and related expenses : Revenues on traditional life insurance products consist of direct premiums reported as earned when due. Premium income includes reinsurance assumed and is reduced by premiums ceded. Amounts received as payment for annuity contracts without life conting encies are recognized as deposits to policyholder account balances and included in future insurance policy benefits. Revenues from these contracts are comprised of fees earned for contract-holder services, which are recognized over the period acts, and included in revenue. Deposits are shown as a financing activity in the Consolidated Statements of Cash Flows. Liabilities for future policy benefits are provided and acquisition costs are amortized by associating benefits and expenses with earn ed premiums to recognize related profits over the life of the contracts.
Deferred Policy Acquisition Costs, Policy [Policy Text Block]		Deferred acquisition costs : The Company capitalizes and amortizes over the life of the premiums produced incremental direct costs that result directly from and are essential to the contract acquisition transaction and would not not may direct costs of contract acquisition that are incurred in transactions with independent third may The following table provides info rmation about deferred acquisition costs for the years ended December 31, 2016 2015, Year ended Year ended December 31, December 31, 2016 2015 Balance at beginning of period $ 86,053 $ 52,808 Capitalization of commissions, sales and issue expenses 221,410 146,539 Amortization net of interest (153,671 ) (113,294 ) Balance at end of period $ 153,792 $ 86,053
Comprehensive Income, Policy [Policy Text Block]		Comprehensive loss : Comprehensive loss is comprised of net loss and other comprehensive income (loss). Other comprehensive income (loss) includes unrealized gains and losses from marketable securities classified as available for sale, net of applicable taxes.
Earnings Per Share, Policy [Policy Text Block]	Common stock and earnings (loss) per share: The par value for common stock is $0.10 9,000,000 March 31, 2017 December 31, 2016, 5,583,702 5,565,943 Earnings (loss) per share attributable to the Company ’s common stockholders were computed based on the net loss and the weighted average number of shares outstanding during each year. The weighted average number of shares outstanding during the three months ended March 31, 2017 2016 5,571,529 5,295,510 March 31, 2017 2016	Common stock and earnings (loss) per share: The par value for common stock is $0.10 9,000,000 December 31, 2016 2015 5,565,943 5,177,245 Earnings (loss) per share attributable to the Company ’s common stockholders were computed based on the net loss and the weighted average number of shares outstanding during each year. The weighted average number of shares outstanding during the years ended December 31, 2016 2015 5,421,972 4,431,740 December 31, 2016 2015 As of December 31, 2015 $827, 952. December 31, 2015. no December 31, 2016.
Income Tax, Policy [Policy Text Block]		Income taxes : The Company is subject to U.S. federal and state taxes. The provision for income taxes is based on income as reported in the consolidated financial statements. The income tax provision is calculated using the asset and liability method. Deferred income taxes are recorded based on the differences between the financial statement and tax basis of assets and liabilities at the enacted rates expected to apply to taxable income in the years in which the differences are expected to reverse. A valuation allowance is established for the amount of any deferred tax asset that exceeds the amount of the estimated future taxable income needed to utilize the future tax benefits. All of the Company ’s tax returns are subject to U.S. federal, state and local income tax examinations by tax authorities. The Company had no December 31, 2016 2015. The tax years which remain subject to examination by taxing authorities are the years ended December 31, 2013 2016.
Use of Estimates, Policy [Policy Text Block]		-Use of Estimates: The preparation of consolidated financial statements in conformity with US GAAP, generally accepted accounting principles in the United States, requires mana gement to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Regulatory Factors, Policy [Policy Text Block]		- Regulatory Factors: The insurance laws of Kansas give the KID broad regulatory authority, including powers to (i) grant and revoke licenses to transact business; (ii) regulat e and supervise trade practices and market conduct, (iii) establish guaranty associations; (iv) license agents; (v) approve policy forms; (vi) approve premium rates for some lines of business; (vii) establish reserve requirements; (viii) prescribe the form and content of required financial statements and reports; (ix) determine the reasonableness and adequacy of statutory capital and surplus; and ( x ection Act (the "Reform Act") reshapes financial regulations in the United States by creating new regulators, regulating new markets and firms, and providing new enforcement powers to regulators. Virtually all major areas of the Reform Act continue to be subject to regulatory interpretation and implementation rules requiring rulemaking that may
Reinsurance Contract Risk, Policy [Policy Text Block]		- Reinsurance: In order to manage the risk of financial exposure to adverse underwriting results, USALSC reinsures a portion of its risk with other insurance companies. USALSC retains $35,000 $25,000 100% 25% $100,000 25% $25,000 three 100% 66% not
Interest Rate Risk, Policy [Policy Text Block]		- Interest Rate Risk: Interest rate fluctuations could impair an insurance company's ability to pay policyholder benefits with operating and investment cash flows, cash on hand and other cash sources. Annuity products expose the risk that changes in interest rates will reduce any spread, or the difference between the amounts that the insurance company is required to pay under the contracts and the amounts the insurance subsidiary is able to earn on its investments intended to support its obligations under the contracts. Spread is a key component of revenues. To the extent that interest rates credited are less than those generally available in the marketplace, policyholder lapses, policy loans and surrenders, and withdrawals of life insurance policies and annuity contracts may may may Increases in market interest rates may may to keep interest sensitive products competitive. If interest rates were to increase by 1% 6.6% December 31, 2016. may Conversely, in a period of prolonged low interest rates it is difficult to invest assets and earn the rate of return necessary to support insurance products. Some central b anks currently have negative interest rates which contributes to the current low interest rate environment.
Investment Risk, Policy [Policy Text Block]		- Investment Risk: Our invested assets are subject to customary risks of defaults and changes in market values. Factors that may terest rate levels, financial market performance, and general economic conditions.

Note 1 - Description of Busin31

Note 1 - Description of Business and Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2016
Notes Tables
Property, Plant and Equipment [Table Text Block]	Year ended Year ended December 31, December 31, 2016 2015 Computer $ 20,755 $ 20,755 Furniture and equipment 80,956 80,956 Software 257,500 257,500 Accumulated depreciation (114,362 ) (75,629 ) Balance at end of period $ 244,849 $ 283,582
Information About Deposit-type Contracts [Table Text Block]	Year ended Year ended December 31, December 31, 2016 2015 Balance at beginning of period $ 1,573,988 $ 686,316 Deposits received 1,989,833 910,817 Interest credited 80,452 31,478 Withdrawals (246,103 ) (54,623 ) Balance at end of period $ 3,398,170 $ 1,573,988
Deferred Policy Acquisition Costs [Table Text Block]	Year ended Year ended December 31, December 31, 2016 2015 Balance at beginning of period $ 86,053 $ 52,808 Capitalization of commissions, sales and issue expenses 221,410 146,539 Amortization net of interest (153,671 ) (113,294 ) Balance at end of period $ 153,792 $ 86,053

Note 2 - Investments (Tables)

Note 2 - Investments (Tables)	3 Months Ended	12 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
Notes Tables
Available-for-sale Securities [Table Text Block]	March 31, 2017 Cost or Gross Gross Amortized Unrealized Unrealized Cost Gains Losses Fair Value Available for sale: (Unaudited) Fixed maturities: US Treasury securities $ 315,229 $ - $ (12,646 ) $ 302,583 Corporate bonds 4,417,718 71,032 (36,034 ) 4,452,716 Municipal bonds 3,624,678 62,399 (30,087 ) 3,656,990 Mortgage backed and asset backed securities 3,276,332 39,488 (39,653 ) 3,276,167 Total fixed maturities 11,633,957 172,919 (118,420 ) 11,688,456 Equities: Equities 4,962,881 257,651 (85,109 ) 5,135,423 Other equity investments 296,226 38,949 (3,492 ) 331,683 Total equities 5,259,107 296,600 (88,601 ) 5,467,106 Total available for sale $ 16,893,064 $ 469,519 $ (207,021 ) $ 17,155,562 December 31, 2016 Cost or Gross Gross Amortized Unrealized Unrealized Cost Gains Losses Fair Value Available for sale: Fixed maturities: US Treasury securities $ 314,992 $ - $ (15,830 ) $ 299,162 Corporate bonds 3,828,418 62,712 (45,234 ) 3,845,896 Municipal bonds 2,841,137 46,883 (38,191 ) 2,849,829 Mortgage backed and asset backed securities 3,333,617 36,870 (45,300 ) 3,325,187 Total fixed maturities 10,318,164 146,465 (144,555 ) 10,320,074 Equities: Equities 4,723,024 350,981 (131,757 ) 4,942,248 Other equity investments 182,929 23,046 (4,719 ) 201,256 Total equities 4,905,953 374,027 (136,476 ) 5,143,504 Total available for sale $ 15,224,117 $ 520,492 $ (281,031 ) $ 15,463,578	December 31, 2016 Cost or Gross Gross Amortized Unrealized Unrealized Cost Gains Losses Fair Value Available for sale: Fixed maturities: US Treasury securities $ 314,992 $ - $ (15,830 ) $ 299,162 Corporate bonds 3,828,418 62,712 (45,234 ) 3,845,896 Municipal bonds 2,841,137 46,883 (38,191 ) 2,849,829 Mortgage backed and asset backed securities 3,333,617 36,870 (45,300 ) 3,325,187 Total fixed maturities 10,318,164 146,465 (144,555 ) 10,320,074 Equities: Equities 4,723,024 350,981 (131,757 ) 4,942,248 Other equity investments 182,929 23,046 (4,719 ) 201,256 Total equities 4,905,953 374,027 (136,476 ) 5,143,504 Total available for sale $ 15,224,117 $ 520,492 $ (281,031 ) $ 15,463,578 December 31, 2015 Cost or Gross Gross Amortized Unrealized Unrealized Cost Gains Losses Fair Value Available for sale: Fixed maturities: US Treasury securities $ 461,132 $ - $ (34,816 ) $ 426,316 Corporate bonds 3,039,539 15,715 (143,701 ) 2,911,553 Municipal bonds 1,726,098 28,634 (10,595 ) 1,744,137 Mortgage backed and asset backed securities 3,083,390 19,554 (53,831 ) 3,049,113 Total fixed maturities 8,310,159 63,903 (242,943 ) 8,131,119 Equities: Equities 3,387,927 219,883 (177,756 ) 3,430,054 Other equity investments 137,778 36,436 - 174,214 Total equities 3,525,705 256,319 (177,756 ) 3,604,268 Total available for sale $ 11,835,864 $ 320,222 $ (420,699 ) $ 11,735,387
Investments Classified by Contractual Maturity Date [Table Text Block]	As of March 31, 2017 Amortized Cost Fair Value Amounts maturing in: (unaudited) One year or less $ 49,951 $ 49,929 After one year through five years 1,718,157 1,714,094 After five years through ten years 1,646,453 1,647,786 More than 10 years 4,943,064 5,000,480 Mortgage backed and asset backed securities 3,276,332 3,276,167 $ 11,633,957 $ 11,688,456	As of December 31, 2016 As of December 31, 2015 Amortized Cost Fair Value Amortized Cost Fair Value Amounts maturing in: One year or less $ 49,915 $ 49,931 $ 50,105 $ 50,127 After one year through five years 1,819,437 1,809,470 1,046,934 1,040,747 After five years through ten years 1,646,576 1,643,823 1,664,103 1,592,766 More than 10 years 3,468,619 3,491,663 2,465,627 2,398,366 Mortgage backed and asset backed securities 3,333,617 3,325,187 3,083,389 3,049,113 $ 10,318,164 $ 10,320,074 $ 8,310,158 $ 8,131,119
Realized Gain (Loss) on Investments [Table Text Block]	Quarter Ended March 31, (unaudited) 2017 2016 Gross gains $ 192,405 $ 10,838 Gross losses - - Net security gains $ 192,405 $ 10,838	Years Ended December 31, 2016 2015 Gross gains $ 122,192 $ 90,602 Gross losses (21,814 ) (92,126 ) Net security (losses) gains $ 100,378 $ (1,524 )
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value [Table Text Block]	Less than 12 months Greater than 12 months Total Fair Unrealized Fair Unrealized Fair Unrealized Value Loss Value Loss Value Loss March 31, 2017 Available for sale: (unaudited) Fixed maturities: US Treasury securities $ 302,583 $ (12,646 ) $ - $ - $ 302,583 $ (12,646 ) Corporate bonds 2,057,429 (35,288 ) 49,157 (746 ) 2,106,586 (36,034 ) Municipal bonds 1,219,109 (30,087 ) - - 1,219,109 (30,087 ) Mortgage backed and asset backed securities 1,564,225 (37,381 ) 116,700 (2,272 ) 1,680,925 (39,653 ) Total fixed maturities 5,143,346 (115,402 ) 165,857 (3,018 ) 5,309,203 (118,420 ) Equities: Equities 1,648,897 (23,309 ) 1,074,560 (61,800 ) 2,723,457 (85,109 ) Other equity investments 109,804 (3,492 ) - - 109,804 (3,492 ) Total equities 1,758,701 (26,801 ) 1,074,560 (61,800 ) 2,833,261 (88,601 ) Total available for sale $ 6,902,047 $ (142,203 ) $ 1,240,417 $ (64,818 ) $ 8,142,464 $ (207,021 ) Less than 12 months Greater than 12 months Total Fair Unrealized Fair Unrealized Fair Unrealized Value Loss Value Loss Value Loss December 31, 2016 Available for sale: Fixed maturities: US Treasury securities $ 299,162 $ (15,830 ) $ - $ - $ 299,162 $ (15,830 ) Corporate bonds 1,897,000 (42,994 ) 196,399 (2,240 ) 2,093,399 (45,234 ) Municipal bonds 1,296,688 (38,191 ) - - 1,296,688 (38,191 ) Mortgage backed and asset backed securities 1,700,173 (39,264 ) 134,090 (6,036 ) 1,834,263 (45,300 ) Total fixed maturities 5,193,023 (136,279 ) 330,489 (8,276 ) 5,523,512 (144,555 ) Equities: Equities 1,007,860 (59,357 ) 1,063,959 (72,400 ) 2,071,819 (131,757 ) Other equity investments 52,840 (4,719 ) - - 52,840 (4,719 ) Total equities 1,060,700 (64,076 ) 1,063,959 (72,400 ) 2,124,659 (136,476 ) Total available for sale $ 6,253,723 $ (200,355 ) $ 1,394,448 $ (80,676 ) $ 7,648,171 $ (281,031 )	Less than 12 months Greater than 12 months Total Fair Unrealized Fair Unrealized Fair Unrealized Value Loss Value Loss Value Loss December 31, 2016 Available for sale: Fixed maturities: US Treasury securities $ 299,162 $ (15,830 ) $ - $ - $ 299,162 $ (15,830 ) Corporate bonds 1,897,000 (42,994 ) 196,399 (2,240 ) 2,093,399 (45,234 ) Municipal bonds 1,296,688 (38,191 ) - - 1,296,688 (38,191 ) Mortgage backed and asset backed securities 1,700,173 (39,264 ) 134,090 (6,036 ) 1,834,263 (45,300 ) Total fixed maturities 5,193,023 (136,279 ) 330,489 (8,276 ) 5,523,512 (144,555 ) Equities: Equities 1,007,860 (59,357 ) 1,063,959 (72,400 ) 2,071,819 (131,757 ) Other equity investments 52,840 (4,719 ) - - 52,840 (4,719 ) Total equities 1,060,700 (64,076 ) 1,063,959 (72,400 ) 2,124,659 (136,476 ) Total available for sale $ 6,253,723 $ (200,355 ) $ 1,394,448 $ (80,676 ) $ 7,648,171 $ (281,031 ) Less than 12 months Greater than 12 months Total Fair Unrealized Fair Unrealized Fair Unrealized Value Loss Value Loss Value Loss December 31, 2015 Available for sale: Fixed maturities: US Treasury securities $ 197,719 $ (1,351 ) $ 228,597 $ (33,465 ) $ 426,316 $ (34,816 ) Corporate bonds 2,141,253 (143,701 ) - - 2,141,253 (143,701 ) Municipal bonds 675,885 (10,595 ) - - 675,885 (10,595 ) Mortgage backed and asset backed securities 1,943,017 (39,189 ) 438,173 (14,642 ) 2,381,190 (53,831 ) Total fixed maturities 4,957,874 (194,836 ) 666,770 (48,107 ) 5,624,644 (242,943 ) Equities: Equities 1,036,877 (75,352 ) 820,370 (102,404 ) 1,857,247 (177,756 ) Total equities 1,036,877 (75,352 ) 820,370 (102,404 ) 1,857,247 (177,756 ) Total available for sale $ 5,994,751 $ (270,188 ) $ 1,487,140 $ (150,511 ) $ 7,481,891 $ (420,699 )

Note 3 - Fair Value Measureme33

Note 3 - Fair Value Measurements (Tables)	3 Months Ended	12 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
Notes Tables
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]	March 31, 2017 Total Level 1 Level 2 Level 3 Available for sale: (unaudited) Fixed maturities: US Treasury securities $ 302,583 $ 302,583 $ - $ - Corporate bonds 4,452,716 - 4,452,716 - Municipal bonds 3,656,990 - 3,656,990 - Mortgage backed and asset backed securities 3,276,167 - 3,276,167 - Total fixed maturities 11,688,456 302,583 11,385,873 - Equities: Equities 5,135,423 5,135,423 - - Other equity investments 331,683 331,683 - - Total equities 5,467,106 5,467,106 - - Total $ 17,155,562 $ 5,769,689 $ 11,385,873 $ - December 31, 2016 Total Level 1 Level 2 Level 3 Available for sale: Fixed maturities: US Treasury securities $ 299,162 $ 299,162 $ - $ - Corporate bonds 3,845,896 - 3,845,896 - Municipal bonds 2,849,829 - 2,849,829 - Mortgage backed and asset backed securities 3,325,187 - 3,325,187 - Total fixed maturities 10,320,074 299,162 10,020,912 - Equities: Equities 4,942,248 4,942,248 - - Other equity investments 201,256 201,256 - - Total equities 5,143,504 5,143,504 - - Total $ 15,463,578 $ 5,442,666 $ 10,020,912 $ -	December 31, 2016 Total Level 1 Level 2 Level 3 Available for sale: Fixed maturities: US Treasury securities $ 299,162 $ 299,162 $ - $ - Corporate bonds 3,845,896 - 3,845,896 - Municipal bonds 2,849,829 - 2,849,829 - Mortgage backed and asset backed securities 3,325,187 - 3,325,187 - Total fixed maturities 10,320,074 299,162 10,020,912 - Equities: Equities 4,942,248 4,942,248 - - Other equity investments 201,256 201,256 - - Total equities 5,143,504 5,143,504 - - Total $ 15,463,578 $ 5,442,666 $ 10,020,912 $ - Decemeber 31, 2015 Total Level 1 Level 2 Level 3 Available for sale: Fixed maturities: US Treasury securities $ 426,316 $ 426,316 $ - $ - Corporate bonds 2,911,553 - 2,911,553 - Municipal bonds 1,744,137 - 1,744,137 - Mortgage backed and asset backed securities 3,049,113 - 3,049,113 - Total fixed maturities 8,131,119 426,316 7,704,803 - Equities: Equities 3,430,054 3,430,054 - - Other equity investments 174,214 174,214 - - Total equities 3,604,268 3,604,268 - - Total $ 11,735,387 $ 4,030,584 $ 7,704,803 $ -
Fair Value, by Balance Sheet Grouping [Table Text Block]	March 31, 2017 December 31, 2016 (unaudited) Carrying Value Fair Value Carrying Value Fair Value Financial Assets: Cash and cash equivalents $ 2,177,660 $ 2,177,660 $ 3,145,745 $ 3,145,745 Investments, at fair value 17,155,562 17,155,562 15,463,578 15,463,578 Total Financial Assets $ 19,333,222 $ 19,333,222 $ 18,609,323 $ 18,609,323 Financial Liabilities: Policyholder deposits in deposit-type contracts $ 3,856,221 $ 3,795,307 $ 3,398,170 $ 3,260,086 Total Financial Liabilities $ 3,856,221 $ 3,795,307 $ 3,398,170 $ 3,260,086	December 31, 2016 December 31, 2015 Carrying Value Fair Value Carrying Value Fair Value Financial Assets: Cash and cash equivalents $ 3,145,745 $ 3,145,745 $ 2,466,526 $ 2,466,526 Investments, at fair value 15,463,578 15,463,578 11,735,387 11,735,387 Total Financial Assets $ 18,609,323 $ 18,609,323 $ 14,201,913 $ 14,201,913 Financial Liabilities: Policyholder deposits in deposit-type contracts $ 3,398,170 $ 3,260,086 $ 1,573,988 $ 1,406,724 Total Financial Liabilities $ 3,398,170 $ 3,260,086 $ 1,573,988 $ 1,406,724

Note 5 - Reinsurance (Tables)

Note 5 - Reinsurance (Tables)	12 Months Ended
	Dec. 31, 2016
Notes Tables
Effects of Reinsurance [Table Text Block]	December 31, 2016 December 31, 2015 Balance Sheet Benefits and claim reserves ceded $ 28,830 $ 19,622 Amounts due from ceding company 2,560 1,822 Years Ended Statements of Comprehensive Loss December 31, 2016 December 31, 2015 Ceded premium $ 144,023 $ 53,768 Assumed premium 3,500,758 2,453,957 Allowances on ceded premium 10,644 10,851 Allowances paid on assumed premium 384,558 326,774 Assumed benefits 3,056,547 2,101,752

Note 9 - Statutory Net Income35

Note 9 - Statutory Net Income and Surplus (Tables)	12 Months Ended
	Dec. 31, 2016
Notes Tables
Statutory Accounting Practices Disclosure [Table Text Block]	Statutory Capital and Surplus as of December 31 December 31 2016 2015 $ 2,812,254 $ 2,935,205 Statutory Net Loss for the years ended December 31, 2016 2015 $ (868,744 ) $ (863,069 )

Note 2 - Investments (Tables)36

Note 2 - Investments (Tables)	3 Months Ended	12 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
Notes Tables
Available-for-sale Securities [Table Text Block]	March 31, 2017 Cost or Gross Gross Amortized Unrealized Unrealized Cost Gains Losses Fair Value Available for sale: (Unaudited) Fixed maturities: US Treasury securities $ 315,229 $ - $ (12,646 ) $ 302,583 Corporate bonds 4,417,718 71,032 (36,034 ) 4,452,716 Municipal bonds 3,624,678 62,399 (30,087 ) 3,656,990 Mortgage backed and asset backed securities 3,276,332 39,488 (39,653 ) 3,276,167 Total fixed maturities 11,633,957 172,919 (118,420 ) 11,688,456 Equities: Equities 4,962,881 257,651 (85,109 ) 5,135,423 Other equity investments 296,226 38,949 (3,492 ) 331,683 Total equities 5,259,107 296,600 (88,601 ) 5,467,106 Total available for sale $ 16,893,064 $ 469,519 $ (207,021 ) $ 17,155,562 December 31, 2016 Cost or Gross Gross Amortized Unrealized Unrealized Cost Gains Losses Fair Value Available for sale: Fixed maturities: US Treasury securities $ 314,992 $ - $ (15,830 ) $ 299,162 Corporate bonds 3,828,418 62,712 (45,234 ) 3,845,896 Municipal bonds 2,841,137 46,883 (38,191 ) 2,849,829 Mortgage backed and asset backed securities 3,333,617 36,870 (45,300 ) 3,325,187 Total fixed maturities 10,318,164 146,465 (144,555 ) 10,320,074 Equities: Equities 4,723,024 350,981 (131,757 ) 4,942,248 Other equity investments 182,929 23,046 (4,719 ) 201,256 Total equities 4,905,953 374,027 (136,476 ) 5,143,504 Total available for sale $ 15,224,117 $ 520,492 $ (281,031 ) $ 15,463,578	December 31, 2016 Cost or Gross Gross Amortized Unrealized Unrealized Cost Gains Losses Fair Value Available for sale: Fixed maturities: US Treasury securities $ 314,992 $ - $ (15,830 ) $ 299,162 Corporate bonds 3,828,418 62,712 (45,234 ) 3,845,896 Municipal bonds 2,841,137 46,883 (38,191 ) 2,849,829 Mortgage backed and asset backed securities 3,333,617 36,870 (45,300 ) 3,325,187 Total fixed maturities 10,318,164 146,465 (144,555 ) 10,320,074 Equities: Equities 4,723,024 350,981 (131,757 ) 4,942,248 Other equity investments 182,929 23,046 (4,719 ) 201,256 Total equities 4,905,953 374,027 (136,476 ) 5,143,504 Total available for sale $ 15,224,117 $ 520,492 $ (281,031 ) $ 15,463,578 December 31, 2015 Cost or Gross Gross Amortized Unrealized Unrealized Cost Gains Losses Fair Value Available for sale: Fixed maturities: US Treasury securities $ 461,132 $ - $ (34,816 ) $ 426,316 Corporate bonds 3,039,539 15,715 (143,701 ) 2,911,553 Municipal bonds 1,726,098 28,634 (10,595 ) 1,744,137 Mortgage backed and asset backed securities 3,083,390 19,554 (53,831 ) 3,049,113 Total fixed maturities 8,310,159 63,903 (242,943 ) 8,131,119 Equities: Equities 3,387,927 219,883 (177,756 ) 3,430,054 Other equity investments 137,778 36,436 - 174,214 Total equities 3,525,705 256,319 (177,756 ) 3,604,268 Total available for sale $ 11,835,864 $ 320,222 $ (420,699 ) $ 11,735,387
Investments Classified by Contractual Maturity Date [Table Text Block]	As of March 31, 2017 Amortized Cost Fair Value Amounts maturing in: (unaudited) One year or less $ 49,951 $ 49,929 After one year through five years 1,718,157 1,714,094 After five years through ten years 1,646,453 1,647,786 More than 10 years 4,943,064 5,000,480 Mortgage backed and asset backed securities 3,276,332 3,276,167 $ 11,633,957 $ 11,688,456	As of December 31, 2016 As of December 31, 2015 Amortized Cost Fair Value Amortized Cost Fair Value Amounts maturing in: One year or less $ 49,915 $ 49,931 $ 50,105 $ 50,127 After one year through five years 1,819,437 1,809,470 1,046,934 1,040,747 After five years through ten years 1,646,576 1,643,823 1,664,103 1,592,766 More than 10 years 3,468,619 3,491,663 2,465,627 2,398,366 Mortgage backed and asset backed securities 3,333,617 3,325,187 3,083,389 3,049,113 $ 10,318,164 $ 10,320,074 $ 8,310,158 $ 8,131,119
Realized Gain (Loss) on Investments [Table Text Block]	Quarter Ended March 31, (unaudited) 2017 2016 Gross gains $ 192,405 $ 10,838 Gross losses - - Net security gains $ 192,405 $ 10,838	Years Ended December 31, 2016 2015 Gross gains $ 122,192 $ 90,602 Gross losses (21,814 ) (92,126 ) Net security (losses) gains $ 100,378 $ (1,524 )
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value [Table Text Block]	Less than 12 months Greater than 12 months Total Fair Unrealized Fair Unrealized Fair Unrealized Value Loss Value Loss Value Loss March 31, 2017 Available for sale: (unaudited) Fixed maturities: US Treasury securities $ 302,583 $ (12,646 ) $ - $ - $ 302,583 $ (12,646 ) Corporate bonds 2,057,429 (35,288 ) 49,157 (746 ) 2,106,586 (36,034 ) Municipal bonds 1,219,109 (30,087 ) - - 1,219,109 (30,087 ) Mortgage backed and asset backed securities 1,564,225 (37,381 ) 116,700 (2,272 ) 1,680,925 (39,653 ) Total fixed maturities 5,143,346 (115,402 ) 165,857 (3,018 ) 5,309,203 (118,420 ) Equities: Equities 1,648,897 (23,309 ) 1,074,560 (61,800 ) 2,723,457 (85,109 ) Other equity investments 109,804 (3,492 ) - - 109,804 (3,492 ) Total equities 1,758,701 (26,801 ) 1,074,560 (61,800 ) 2,833,261 (88,601 ) Total available for sale $ 6,902,047 $ (142,203 ) $ 1,240,417 $ (64,818 ) $ 8,142,464 $ (207,021 ) Less than 12 months Greater than 12 months Total Fair Unrealized Fair Unrealized Fair Unrealized Value Loss Value Loss Value Loss December 31, 2016 Available for sale: Fixed maturities: US Treasury securities $ 299,162 $ (15,830 ) $ - $ - $ 299,162 $ (15,830 ) Corporate bonds 1,897,000 (42,994 ) 196,399 (2,240 ) 2,093,399 (45,234 ) Municipal bonds 1,296,688 (38,191 ) - - 1,296,688 (38,191 ) Mortgage backed and asset backed securities 1,700,173 (39,264 ) 134,090 (6,036 ) 1,834,263 (45,300 ) Total fixed maturities 5,193,023 (136,279 ) 330,489 (8,276 ) 5,523,512 (144,555 ) Equities: Equities 1,007,860 (59,357 ) 1,063,959 (72,400 ) 2,071,819 (131,757 ) Other equity investments 52,840 (4,719 ) - - 52,840 (4,719 ) Total equities 1,060,700 (64,076 ) 1,063,959 (72,400 ) 2,124,659 (136,476 ) Total available for sale $ 6,253,723 $ (200,355 ) $ 1,394,448 $ (80,676 ) $ 7,648,171 $ (281,031 )	Less than 12 months Greater than 12 months Total Fair Unrealized Fair Unrealized Fair Unrealized Value Loss Value Loss Value Loss December 31, 2016 Available for sale: Fixed maturities: US Treasury securities $ 299,162 $ (15,830 ) $ - $ - $ 299,162 $ (15,830 ) Corporate bonds 1,897,000 (42,994 ) 196,399 (2,240 ) 2,093,399 (45,234 ) Municipal bonds 1,296,688 (38,191 ) - - 1,296,688 (38,191 ) Mortgage backed and asset backed securities 1,700,173 (39,264 ) 134,090 (6,036 ) 1,834,263 (45,300 ) Total fixed maturities 5,193,023 (136,279 ) 330,489 (8,276 ) 5,523,512 (144,555 ) Equities: Equities 1,007,860 (59,357 ) 1,063,959 (72,400 ) 2,071,819 (131,757 ) Other equity investments 52,840 (4,719 ) - - 52,840 (4,719 ) Total equities 1,060,700 (64,076 ) 1,063,959 (72,400 ) 2,124,659 (136,476 ) Total available for sale $ 6,253,723 $ (200,355 ) $ 1,394,448 $ (80,676 ) $ 7,648,171 $ (281,031 ) Less than 12 months Greater than 12 months Total Fair Unrealized Fair Unrealized Fair Unrealized Value Loss Value Loss Value Loss December 31, 2015 Available for sale: Fixed maturities: US Treasury securities $ 197,719 $ (1,351 ) $ 228,597 $ (33,465 ) $ 426,316 $ (34,816 ) Corporate bonds 2,141,253 (143,701 ) - - 2,141,253 (143,701 ) Municipal bonds 675,885 (10,595 ) - - 675,885 (10,595 ) Mortgage backed and asset backed securities 1,943,017 (39,189 ) 438,173 (14,642 ) 2,381,190 (53,831 ) Total fixed maturities 4,957,874 (194,836 ) 666,770 (48,107 ) 5,624,644 (242,943 ) Equities: Equities 1,036,877 (75,352 ) 820,370 (102,404 ) 1,857,247 (177,756 ) Total equities 1,036,877 (75,352 ) 820,370 (102,404 ) 1,857,247 (177,756 ) Total available for sale $ 5,994,751 $ (270,188 ) $ 1,487,140 $ (150,511 ) $ 7,481,891 $ (420,699 )

Note 3 - Fair Value Measureme37

Note 3 - Fair Value Measurements (Tables)	3 Months Ended	12 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
Notes Tables
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]	March 31, 2017 Total Level 1 Level 2 Level 3 Available for sale: (unaudited) Fixed maturities: US Treasury securities $ 302,583 $ 302,583 $ - $ - Corporate bonds 4,452,716 - 4,452,716 - Municipal bonds 3,656,990 - 3,656,990 - Mortgage backed and asset backed securities 3,276,167 - 3,276,167 - Total fixed maturities 11,688,456 302,583 11,385,873 - Equities: Equities 5,135,423 5,135,423 - - Other equity investments 331,683 331,683 - - Total equities 5,467,106 5,467,106 - - Total $ 17,155,562 $ 5,769,689 $ 11,385,873 $ - December 31, 2016 Total Level 1 Level 2 Level 3 Available for sale: Fixed maturities: US Treasury securities $ 299,162 $ 299,162 $ - $ - Corporate bonds 3,845,896 - 3,845,896 - Municipal bonds 2,849,829 - 2,849,829 - Mortgage backed and asset backed securities 3,325,187 - 3,325,187 - Total fixed maturities 10,320,074 299,162 10,020,912 - Equities: Equities 4,942,248 4,942,248 - - Other equity investments 201,256 201,256 - - Total equities 5,143,504 5,143,504 - - Total $ 15,463,578 $ 5,442,666 $ 10,020,912 $ -	December 31, 2016 Total Level 1 Level 2 Level 3 Available for sale: Fixed maturities: US Treasury securities $ 299,162 $ 299,162 $ - $ - Corporate bonds 3,845,896 - 3,845,896 - Municipal bonds 2,849,829 - 2,849,829 - Mortgage backed and asset backed securities 3,325,187 - 3,325,187 - Total fixed maturities 10,320,074 299,162 10,020,912 - Equities: Equities 4,942,248 4,942,248 - - Other equity investments 201,256 201,256 - - Total equities 5,143,504 5,143,504 - - Total $ 15,463,578 $ 5,442,666 $ 10,020,912 $ - Decemeber 31, 2015 Total Level 1 Level 2 Level 3 Available for sale: Fixed maturities: US Treasury securities $ 426,316 $ 426,316 $ - $ - Corporate bonds 2,911,553 - 2,911,553 - Municipal bonds 1,744,137 - 1,744,137 - Mortgage backed and asset backed securities 3,049,113 - 3,049,113 - Total fixed maturities 8,131,119 426,316 7,704,803 - Equities: Equities 3,430,054 3,430,054 - - Other equity investments 174,214 174,214 - - Total equities 3,604,268 3,604,268 - - Total $ 11,735,387 $ 4,030,584 $ 7,704,803 $ -
Fair Value, by Balance Sheet Grouping [Table Text Block]	March 31, 2017 December 31, 2016 (unaudited) Carrying Value Fair Value Carrying Value Fair Value Financial Assets: Cash and cash equivalents $ 2,177,660 $ 2,177,660 $ 3,145,745 $ 3,145,745 Investments, at fair value 17,155,562 17,155,562 15,463,578 15,463,578 Total Financial Assets $ 19,333,222 $ 19,333,222 $ 18,609,323 $ 18,609,323 Financial Liabilities: Policyholder deposits in deposit-type contracts $ 3,856,221 $ 3,795,307 $ 3,398,170 $ 3,260,086 Total Financial Liabilities $ 3,856,221 $ 3,795,307 $ 3,398,170 $ 3,260,086	December 31, 2016 December 31, 2015 Carrying Value Fair Value Carrying Value Fair Value Financial Assets: Cash and cash equivalents $ 3,145,745 $ 3,145,745 $ 2,466,526 $ 2,466,526 Investments, at fair value 15,463,578 15,463,578 11,735,387 11,735,387 Total Financial Assets $ 18,609,323 $ 18,609,323 $ 14,201,913 $ 14,201,913 Financial Liabilities: Policyholder deposits in deposit-type contracts $ 3,398,170 $ 3,260,086 $ 1,573,988 $ 1,406,724 Total Financial Liabilities $ 3,398,170 $ 3,260,086 $ 1,573,988 $ 1,406,724

Note 1 - Description of Busin38

Note 1 - Description of Business and Significant Accounting Policies (Details Textual) - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016	Dec. 31, 2015
Number of Wholly-Owned Operating Subsidiaries			3
Number of Financial Institutions in which Cash Balances are Maintained			1
Cash, FDIC Insured Amount			$ 250,000
Cash, Uninsured Amount			0
Other than Temporary Impairment Losses, Investments, Available-for-sale Securities	$ 0		$ 0	$ 0
Common Stock, Par or Stated Value Per Share	$ 0.10		$ 0.10	$ 0.10
Common Stock, Shares Authorized	9,000,000		9,000,000	9,000,000
Common Stock, Shares, Outstanding	5,583,702		5,565,943	5,177,245
Weighted Average Number of Shares Outstanding, Basic and Diluted	5,571,529	5,295,510	5,421,972	4,431,740
Common Stock, Share Subscribed but Unissued, Subscriptions Receivable			$ 0	$ 827,952
Unrecognized Tax Benefits			$ 0	$ 0
Interest Rate Risk, Fixed Income Securities, Impact of 1 Percent Increase in Interest Rate			(6.60%)
Common Stock, Shares, Issued	5,583,702		5,565,943	5,177,245
Pioneer Whole Life [Member]
Reinsurance Retention Policy, Amount Retained			$ 35,000
Solid Solutions Term Life Series and Sound Solutions Term Life Series [Member]
Reinsurance Retention Policy, Amount Retained			$ 25,000
Accidental Death Benefit Rider [Member]
Reinsurance Retention Policy, Reinsured Risk, Percentage			100.00%
Group Life Products [Member]
Reinsurance Retention Policy, Excess Retention, Percentage			25.00%
Reinsurance Retention Policy, Amount Retained			$ 100,000
Group Accidental Death and Dismemberment [Member]
Reinsurance Retention Policy, Excess Retention, Percentage			25.00%
Reinsurance Retention Policy, Amount Retained			$ 25,000
Group Disability [Member]
Reinsurance Retention Policy, Reinsured Risk, Percentage			100.00%
Critical Illness [Member]
Reinsurance Retention Policy, Reinsured Risk, Percentage			66.00%
Policyholder Benefit Reserves [Member]
Supplementary Insurance Information, Other Policy Claims and Benefits Payable			$ 37,391
Allowance for Reinsurance Recoverable [Member]
Valuation Allowances and Reserves, Balance			$ 0	$ 0
Computer Equipment [Member]
Property, Plant and Equipment, Useful Life			5 years
Furniture and Equipment [Member]
Property, Plant and Equipment, Useful Life			10 years
Software and Software Development Costs [Member]
Property, Plant and Equipment, Useful Life			10 years
Direct Premium Revenue [Member] | Product Concentration Risk [Member] | Single Pay Life Products [Member]
Concentration Risk, Percentage			85.00%
Direct Premium Revenue [Member] | Product Concentration Risk [Member] | Individual Life Products [Member]
Concentration Risk, Percentage			9.00%
Direct Premium Revenue [Member] | Product Concentration Risk [Member] | Group Life Products [Member]
Concentration Risk, Percentage			6.00%

Note 1 - Description of Busin39

Note 1 - Description of Business and Significant Accounting Policies - Major Categories of Depreciable Assets and Respective Book Values (Details) - USD ($)	Mar. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Accumulated depreciation		$ (114,362)	$ (75,629)
Property, equipment and software, net	$ 236,265	244,849	283,582
Computer Equipment [Member]
Property, equipment and software, gross		20,755	20,755
Furniture and Equipment [Member]
Property, equipment and software, gross		80,956	80,956
Software and Software Development Costs [Member]
Property, equipment and software, gross		$ 257,500	$ 257,500

Note 1 - Description of Busin40

Note 1 - Description of Business and Significant Accounting Policies - Information About Deposit-type Contracts (Details) - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016	Dec. 31, 2015
Balance at beginning of period	$ 3,398,170	$ 1,573,988	$ 1,573,988	$ 686,316
Receipts on deposit-type contracts	579,215	441,382	1,989,833	910,817
Interest credited	16,597	14,244	80,452	31,478
Withdrawals on deposit-type contracts	(137,761)	$ (74,577)	(246,103)	(54,623)
Balance at end of period	$ 3,856,221		$ 3,398,170	$ 1,573,988

Note 1 - Description of Busin41

Note 1 - Description of Business and Significant Accounting Policies - Information About Deferred Acquisition Costs (Details) - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016	Dec. 31, 2015
Balance at beginning of period	$ 153,792	$ 86,053	$ 86,053	$ 52,808
Capitalization of commissions, sales and issue expenses			221,410	146,539
Amortization net of interest	(37,764)	$ (37,457)	(153,671)	(113,294)
Balance at end of period	$ 186,846		$ 153,792	$ 86,053

Note 2 - Investments (Details T

Note 2 - Investments (Details Textual)	3 Months Ended		12 Months Ended
	Mar. 31, 2017USD ($)	Mar. 31, 2016USD ($)	Dec. 31, 2016USD ($)	Dec. 31, 2015USD ($)
Proceeds from Sale, Maturity and Collection of Investments	$ 969,740	$ 245,640	$ 1,674,014	$ 1,236,063
Available-for-sale Securities, Accumulated Gross Unrealized Loss, before Tax	$ 207,021		$ 281,031	420,699
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions	66		66
Other than Temporary Impairment Losses, Investments, Available-for-sale Securities	$ 0		$ 0	$ 0
Available-for-sale Equity Securities, Accumulated Gross Unrealized Gain, before Tax	$ 469,519		$ 520,516
Fixed Income Securities [Member]
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions	33		35
Collateralized Mortgage Backed Securities [Member]
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions	22		23
Common Stock [Member]
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions	7		4
Corporate Debt Securities [Member]
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions	2		2
Preferred Stock [Member]
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions	1		1
Senior Loan Fund [Member]
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions	1		1

Note 2 - Investments - Amortize

Note 2 - Investments - Amortized Cost and Fair Value of Available-for-sale and Held-to-maturity Investments (Details) - USD ($)	Mar. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Gross Unrealized Gains	$ 469,519	$ 520,492	$ 320,222
Gross Unrealized Losses	(207,021)	(281,031)	(420,699)
Available for sale securities	17,155,562	15,463,578	11,735,387
Cost or Amortized Cost	16,893,064	15,224,117	11,835,864
Fixed Maturities [Member]
Gross Unrealized Gains	172,919	146,465	63,903
Gross Unrealized Losses	(118,420)	(144,555)	(242,943)
Available for sale securities	11,688,456	10,320,074	8,131,119
Cost or Amortized Cost	11,633,957	10,318,164	8,310,159
Equity Securities [Member]
Gross Unrealized Gains	257,651	350,981	219,883
Gross Unrealized Losses	(85,109)	(131,757)	(177,756)
Available for sale securities	5,135,423	4,942,248	3,430,054
Cost or Amortized Cost	4,962,881	4,723,024	3,387,927
Other Equity Investments [Member]
Gross Unrealized Gains	38,949	23,046	36,436
Gross Unrealized Losses	(3,492)	(4,719)
Available for sale securities	331,683	201,256	174,214
Cost or Amortized Cost	296,226	182,929	137,778
Equities, Including Equity Securities and Other Equity Investments [Member]
Gross Unrealized Gains	296,600	374,027	256,319
Gross Unrealized Losses	(88,601)	(136,476)	(177,756)
Available for sale securities	5,467,106	5,143,504	3,604,268
Cost or Amortized Cost	5,259,107	4,905,953	3,525,705
US Treasury Securities [Member] | Fixed Maturities [Member]
Gross Unrealized Gains
Gross Unrealized Losses	(12,646)	(15,830)	(34,816)
Available for sale securities	302,583	299,162	426,316
Cost or Amortized Cost	315,229	314,992	461,132
Corporate Debt Securities [Member] | Fixed Maturities [Member]
Gross Unrealized Gains	71,032	62,712	15,715
Gross Unrealized Losses	(36,034)	(45,234)	(143,701)
Available for sale securities	4,452,716	3,845,896	2,911,553
Cost or Amortized Cost	4,417,718	3,828,418	3,039,539
US States and Political Subdivisions Debt Securities [Member] | Fixed Maturities [Member]
Gross Unrealized Gains	62,399	46,883	28,634
Gross Unrealized Losses	(30,087)	(38,191)	(10,595)
Available for sale securities	3,656,990	2,849,829	1,744,137
Cost or Amortized Cost	3,624,678	2,841,137	1,726,098
Collateralized Mortgage Backed Securities [Member] | Fixed Maturities [Member]
Gross Unrealized Gains	39,488	36,870	19,554
Gross Unrealized Losses	(39,653)	(45,300)	(53,831)
Available for sale securities	3,276,167	3,325,187	3,049,113
Cost or Amortized Cost	$ 3,276,332	$ 3,333,617	$ 3,083,390

Note 2 - Investments - Amorti44

Note 2 - Investments - Amortized Cost and Fair Value of Debt Securities By Contractual Maturity (Details) - USD ($)	Mar. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
One year or less, fair value	$ 49,929	$ 49,931	$ 50,127
One year or less, amortized cost	49,951	49,915	50,105
After one year through five years, amortized cost	1,718,157	1,819,437	1,046,934
After one year through five years, fair value	1,714,094	1,809,470	1,040,747
After five years through ten years, amortized cost	1,646,453	1,646,576	1,664,103
After five years through ten years, fair value	1,647,786	1,643,823	1,592,766
More than 10 years, amortized cost	4,943,064	3,468,619	2,465,627
More than 10 years, fair value	5,000,480	3,491,663	2,398,366
Mortgage backed and asset backed securities, amortized cost	3,276,332	3,333,617	3,083,389
Mortgage backed and asset backed securities, fair value	3,276,167	3,325,187	3,049,113
Total fixed maturities, amortized cost	11,633,957	10,318,164	8,310,158
Total fixed maturities, fair value	$ 11,688,456	$ 10,320,074	$ 8,131,119

Note 2 - Investments - Realized

Note 2 - Investments - Realized Gains and Losses Related to the Sale of Securities (Details) - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016	Dec. 31, 2015
Gross gains	$ 192,405	$ 10,838	$ 122,192	$ 90,602
Gross losses			(21,814)	(92,126)
Net security (losses) gains	$ 192,405	$ 10,838	$ 100,378	$ (1,524)

Note 2 - Investments - Gross Un

Note 2 - Investments - Gross Unrealized Losses (Details) - USD ($)	Mar. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Available-for-sale securities, less than 12 months, unrealized loss	$ (142,203)	$ (200,355)	$ (270,188)
Available-for-sale securities, greater than 12 months, fair value	1,240,417	1,394,448	1,487,140
Available-for-sale securities, greater than 12 months, unrealized loss	(64,818)	(80,676)	(150,511)
Available-for-sale securities, fair value	8,142,464	7,648,171	7,481,891
Available-for-sale securities, unrealized loss	(207,021)	(281,031)	(420,699)
Available-for-sale securities, less than 12 months, fair value	6,902,047	6,253,723	5,994,751
Fixed Maturities [Member]
Available-for-sale securities, less than 12 months, unrealized loss	(115,402)	(136,279)	(194,836)
Available-for-sale securities, greater than 12 months, fair value	165,857	330,489	666,770
Available-for-sale securities, greater than 12 months, unrealized loss	(3,018)	(8,276)	(48,107)
Available-for-sale securities, fair value	5,309,203	5,523,512	5,624,644
Available-for-sale securities, unrealized loss	(118,420)	(144,555)	(242,943)
Available-for-sale securities, less than 12 months, fair value	5,143,346	5,193,023	4,957,874
Fixed Maturities [Member] | US Treasury Securities [Member]
Available-for-sale securities, less than 12 months, unrealized loss	(12,646)	(15,830)	(1,351)
Available-for-sale securities, greater than 12 months, fair value			228,597
Available-for-sale securities, greater than 12 months, unrealized loss			(33,465)
Available-for-sale securities, fair value	302,583	299,162	426,316
Available-for-sale securities, unrealized loss	(12,646)	(15,830)	(34,816)
Available-for-sale securities, less than 12 months, fair value	302,583	299,162	197,719
Fixed Maturities [Member] | Corporate Debt Securities [Member]
Available-for-sale securities, less than 12 months, unrealized loss	(35,288)	(42,994)	(143,701)
Available-for-sale securities, greater than 12 months, fair value	49,157	196,399
Available-for-sale securities, greater than 12 months, unrealized loss	(746)	(2,240)
Available-for-sale securities, fair value	2,106,586	2,093,399	2,141,253
Available-for-sale securities, unrealized loss	(36,034)	(45,234)	(143,701)
Available-for-sale securities, less than 12 months, fair value	2,057,429	1,897,000	2,141,253
Fixed Maturities [Member] | US States and Political Subdivisions Debt Securities [Member]
Available-for-sale securities, less than 12 months, unrealized loss	(30,087)	(38,191)	(10,595)
Available-for-sale securities, greater than 12 months, fair value
Available-for-sale securities, greater than 12 months, unrealized loss
Available-for-sale securities, fair value	1,219,109	1,296,688	675,885
Available-for-sale securities, unrealized loss	(30,087)	(38,191)	(10,595)
Available-for-sale securities, less than 12 months, fair value	1,219,109	1,296,688	675,885
Fixed Maturities [Member] | Collateralized Mortgage Backed Securities [Member]
Available-for-sale securities, less than 12 months, unrealized loss	(37,381)	(39,264)	(39,189)
Available-for-sale securities, greater than 12 months, fair value	116,700	134,090	438,173
Available-for-sale securities, greater than 12 months, unrealized loss	(2,272)	(6,036)	(14,642)
Available-for-sale securities, fair value	1,680,925	1,834,263	2,381,190
Available-for-sale securities, unrealized loss	(39,653)	(45,300)	(53,831)
Available-for-sale securities, less than 12 months, fair value	1,564,225	1,700,173	1,943,017
Equity Securities [Member]
Available-for-sale securities, less than 12 months, unrealized loss	(23,309)	(59,357)	(75,352)
Available-for-sale securities, greater than 12 months, fair value	1,074,560	1,063,959	820,370
Available-for-sale securities, greater than 12 months, unrealized loss	(61,800)	(72,400)	(102,404)
Available-for-sale securities, fair value	2,723,457	2,071,819	1,857,247
Available-for-sale securities, unrealized loss	(85,109)	(131,757)	(177,756)
Available-for-sale securities, less than 12 months, fair value	1,648,897	1,007,860	1,036,877
Other Equity Investments [Member]
Available-for-sale securities, less than 12 months, unrealized loss	(3,492)	(4,719)
Available-for-sale securities, greater than 12 months, fair value
Available-for-sale securities, greater than 12 months, unrealized loss
Available-for-sale securities, fair value	109,804	52,840
Available-for-sale securities, unrealized loss	(3,492)	(4,719)
Available-for-sale securities, less than 12 months, fair value	109,804	52,840
Equities, Including Equity Securities and Other Equity Investments [Member]
Available-for-sale securities, less than 12 months, unrealized loss	(26,801)	(64,076)	(75,352)
Available-for-sale securities, greater than 12 months, fair value	1,074,560	1,063,959	820,370
Available-for-sale securities, greater than 12 months, unrealized loss	(61,800)	(72,400)	(102,404)
Available-for-sale securities, fair value	2,833,261	2,124,659	1,857,247
Available-for-sale securities, unrealized loss	(88,601)	(136,476)	(177,756)
Available-for-sale securities, less than 12 months, fair value	$ 1,758,701	$ 1,060,700	$ 1,036,877

Note 3 - Fair Value Measureme47

Note 3 - Fair Value Measurements - Assets Measured at Fair Value on a Recurring Basis (Details) - USD ($)	Mar. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Available for sale securities	$ 17,155,562	$ 15,463,578	$ 11,735,387
Fair Value, Measurements, Recurring [Member]
Available for sale securities	17,155,562	15,463,578	11,735,387
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Available for sale securities	5,769,689	5,442,666	4,030,584
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Available for sale securities	11,385,873	10,020,912	7,704,803
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Available for sale securities
Fixed Maturities [Member]
Available for sale securities	11,688,456	10,320,074	8,131,119
Fixed Maturities [Member] | Fair Value, Measurements, Recurring [Member]
Available for sale securities	11,688,456	10,320,074	8,131,119
Fixed Maturities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Available for sale securities	302,583	299,162	426,316
Fixed Maturities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Available for sale securities	11,385,873	10,020,912	7,704,803
Fixed Maturities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Available for sale securities
Fixed Maturities [Member] | US Treasury Securities [Member]
Available for sale securities	302,583	299,162	426,316
Fixed Maturities [Member] | US Treasury Securities [Member] | Fair Value, Measurements, Recurring [Member]
Available for sale securities	302,583	299,162	426,316
Fixed Maturities [Member] | US Treasury Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Available for sale securities	302,583	299,162	426,316
Fixed Maturities [Member] | US Treasury Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Available for sale securities
Fixed Maturities [Member] | US Treasury Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Available for sale securities
Fixed Maturities [Member] | Corporate Debt Securities [Member]
Available for sale securities	4,452,716	3,845,896	2,911,553
Fixed Maturities [Member] | Corporate Debt Securities [Member] | Fair Value, Measurements, Recurring [Member]
Available for sale securities	4,452,716	3,845,896	2,911,553
Fixed Maturities [Member] | Corporate Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Available for sale securities
Fixed Maturities [Member] | Corporate Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Available for sale securities	4,452,716	3,845,896	2,911,553
Fixed Maturities [Member] | Corporate Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Available for sale securities
Fixed Maturities [Member] | US States and Political Subdivisions Debt Securities [Member]
Available for sale securities	3,656,990	2,849,829	1,744,137
Fixed Maturities [Member] | US States and Political Subdivisions Debt Securities [Member] | Fair Value, Measurements, Recurring [Member]
Available for sale securities	3,656,990	2,849,829	1,744,137
Fixed Maturities [Member] | US States and Political Subdivisions Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Available for sale securities
Fixed Maturities [Member] | US States and Political Subdivisions Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Available for sale securities	3,656,990	2,849,829	1,744,137
Fixed Maturities [Member] | US States and Political Subdivisions Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Available for sale securities
Fixed Maturities [Member] | Collateralized Mortgage Backed Securities [Member]
Available for sale securities	3,276,167	3,325,187	3,049,113
Fixed Maturities [Member] | Collateralized Mortgage Backed Securities [Member] | Fair Value, Measurements, Recurring [Member]
Available for sale securities	3,276,167	3,325,187	3,049,113
Fixed Maturities [Member] | Collateralized Mortgage Backed Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Available for sale securities
Fixed Maturities [Member] | Collateralized Mortgage Backed Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Available for sale securities	3,276,167	3,325,187	3,049,113
Fixed Maturities [Member] | Collateralized Mortgage Backed Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Available for sale securities
Equity Securities [Member]
Available for sale securities	5,135,423	4,942,248	3,430,054
Equity Securities [Member] | Fair Value, Measurements, Recurring [Member]
Available for sale securities	5,135,423	4,942,248	3,430,054
Equity Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Available for sale securities	5,135,423	4,942,248	3,430,054
Equity Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Available for sale securities
Equity Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Available for sale securities
Other Equity Investments [Member]
Available for sale securities	331,683	201,256	174,214
Other Equity Investments [Member] | Fair Value, Measurements, Recurring [Member]
Available for sale securities	331,683	201,256	174,214
Other Equity Investments [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Available for sale securities	331,683	201,256	174,214
Other Equity Investments [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Available for sale securities
Other Equity Investments [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Available for sale securities
Equities, Including Equity Securities and Other Equity Investments [Member]
Available for sale securities	5,467,106	5,143,504	3,604,268
Equities, Including Equity Securities and Other Equity Investments [Member] | Fair Value, Measurements, Recurring [Member]
Available for sale securities	5,467,106	5,143,504	3,604,268
Equities, Including Equity Securities and Other Equity Investments [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Available for sale securities	5,467,106	5,143,504	3,604,268
Equities, Including Equity Securities and Other Equity Investments [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Available for sale securities
Equities, Including Equity Securities and Other Equity Investments [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Available for sale securities

Note 3 - Fair Value Measureme48

Note 3 - Fair Value Measurements - Estimated Fair Values of the Company's Financial Assets and Liabilities (Details) - USD ($)	Mar. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Reported Value Measurement [Member]
Cash and cash equivalents	$ 2,177,660	$ 3,145,745	$ 2,466,526
Investments, at fair value	17,155,562	15,463,578	11,735,387
Total Financial Assets	19,333,222	18,609,323	14,201,913
Policyholder deposits in deposit-type contracts	3,856,221	3,398,170	1,573,988
Total Financial Liabilities	3,856,221	3,398,170	1,573,988
Estimate of Fair Value Measurement [Member]
Cash and cash equivalents	2,177,660	3,145,745	2,466,526
Investments, at fair value	17,155,562	15,463,578	11,735,387
Total Financial Assets	19,333,222	18,609,323	14,201,913
Policyholder deposits in deposit-type contracts	3,795,307	3,260,086	1,406,724
Total Financial Liabilities	$ 3,795,307	$ 3,260,086	$ 1,406,724

Note 4 - Income Tax Provision (

Note 4 - Income Tax Provision (Details Textual) - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016	Dec. 31, 2015
Operating Loss Carryforwards	$ 5,250,492		$ 5,050,176	$ 3,940,774
Deferred Tax Assets, Valuation Allowance, Percentage	100.00%	100.00%	100.00%	100.00%
Income Tax Expense (Benefit)	$ 0	$ 0	$ 0	$ 0

Note 5 - Reinsurance - Summary

Note 5 - Reinsurance - Summary of Significant Reinsurance Amounts (Details) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Benefits and claim reserves ceded	$ 28,830	$ 19,622
Amounts due from ceding company	2,560	1,822
Ceded premium	144,023	53,768
Assumed premium	3,500,758	2,453,957
Allowances on ceded premium	10,644	10,851
Allowances paid on assumed premium	384,558	326,774
Assumed benefits	$ 3,056,547	$ 2,101,752

Note 6 - Lease Commitments (Det

Note 6 - Lease Commitments (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Operating Leases, Rent Expense, Net	$ 27,000	$ 27,000
Operating Leases, Future Minimum Payments, Remainder of Fiscal Year	27,000
Operating Leases, Future Minimum Payments, Due in Two Years	$ 27,000

Note 7 - Warrants (Details Text

Note 7 - Warrants (Details Textual) - $ / shares	3 Months Ended	12 Months Ended
	Mar. 31, 2016	Dec. 31, 2015	Dec. 31, 2016	Dec. 31, 2014	Feb. 24, 2013
Equity Unit, Original Price Per Unit at Issuance	$ 1,000		$ 1,000
Equity Unit, Number of Shares of Common Stock in Each Unit	200		200
Equity Unit, Number of Common Stock Warrants in Each Unit	200		200
Class of Warrant or Right, Exercise Price of Warrants or Rights	$ 6		$ 6
Stock Issued During Period, Shares, Warrants Exercised	354,794	944,845
Class of Warrant or Right, Number of Securities Called by Warrants or Rights		1,587,555		2,532,400
Class of Warrant or Right, Outstanding	0		0
Class of Warrant or Right, Value Per Share of Common Stock			$ 0		$ 0.01

Note 8 - Restricted Funds (Deta

Note 8 - Restricted Funds (Details Textual) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Assets Held-in-trust	$ 625,000	$ 625,000
State of Missouri [Member]
Deposit Assets	300,000
Minimum [Member]
Assets Held-in-trust	$ 400,000

Note 9 - Statutory Net Income54

Note 9 - Statutory Net Income and Surplus - Statutory Accounting Practices Disclosure (Details) - Kansas [Member] - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Statutory capital and surplus	$ 2,812,254	$ 2,935,205
Statutory net loss	$ (868,744)	$ (863,069)

Note 1 - Description of Busin55

Note 1 - Description of Business and Significant Accounting Policies (Details Textual)	3 Months Ended		12 Months Ended
	Mar. 31, 2017$ / sharesshares	Mar. 31, 2016shares	Dec. 31, 2016$ / sharesshares	Dec. 31, 2015$ / sharesshares
Number of Third Party Administrative Agreements in Place	1
Common Stock, Par or Stated Value Per Share | $ / shares	$ 0.10		$ 0.10	$ 0.10
Common Stock, Shares Authorized	9,000,000		9,000,000	9,000,000
Common Stock, Shares, Outstanding	5,583,702		5,565,943	5,177,245
Common Stock, Shares, Issued	5,583,702		5,565,943	5,177,245
Weighted Average Number of Shares Outstanding, Basic and Diluted	5,571,529	5,295,510	5,421,972	4,431,740

Note 2 - Investments (Details56

Note 2 - Investments (Details Textual)	3 Months Ended		12 Months Ended
	Mar. 31, 2017USD ($)	Mar. 31, 2016USD ($)	Dec. 31, 2016USD ($)	Dec. 31, 2015USD ($)
Proceeds from Sale, Maturity and Collection of Investments	$ 969,740	$ 245,640	$ 1,674,014	$ 1,236,063
Available-for-sale Securities, Accumulated Gross Unrealized Loss, before Tax	$ 207,021		$ 281,031	420,699
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions	66		66
Other than Temporary Impairment Losses, Investments, Available-for-sale Securities	$ 0		$ 0	$ 0
Available-for-sale Equity Securities, Accumulated Gross Unrealized Gain, before Tax	$ 469,519		$ 520,516
Fixed Income Securities [Member]
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions	33		35
Collateralized Mortgage Backed Securities [Member]
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions	22		23
Common Stock [Member]
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions	7		4
Corporate Debt Securities [Member]
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions	2		2
Preferred Stock [Member]
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions	1		1
Senior Loan Fund [Member]
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions	1		1

Note 2 - Investments - Amorti57

Note 2 - Investments - Amortized Cost and Fair Value of Available-for-sale and Held-to-maturity Investments (Details) - USD ($)	Mar. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Gross Unrealized Gains	$ 469,519	$ 520,492	$ 320,222
Gross Unrealized Losses	(207,021)	(281,031)	(420,699)
Available for sale securities	17,155,562	15,463,578	11,735,387
Cost or Amortized Cost	16,893,064	15,224,117	11,835,864
Fixed Maturities [Member]
Gross Unrealized Gains	172,919	146,465	63,903
Gross Unrealized Losses	(118,420)	(144,555)	(242,943)
Available for sale securities	11,688,456	10,320,074	8,131,119
Cost or Amortized Cost	11,633,957	10,318,164	8,310,159
Equity Securities [Member]
Gross Unrealized Gains	257,651	350,981	219,883
Gross Unrealized Losses	(85,109)	(131,757)	(177,756)
Available for sale securities	5,135,423	4,942,248	3,430,054
Cost or Amortized Cost	4,962,881	4,723,024	3,387,927
Other Equity Investments [Member]
Gross Unrealized Gains	38,949	23,046	36,436
Gross Unrealized Losses	(3,492)	(4,719)
Available for sale securities	331,683	201,256	174,214
Cost or Amortized Cost	296,226	182,929	137,778
Equities, Including Equity Securities and Other Equity Investments [Member]
Gross Unrealized Gains	296,600	374,027	256,319
Gross Unrealized Losses	(88,601)	(136,476)	(177,756)
Available for sale securities	5,467,106	5,143,504	3,604,268
Cost or Amortized Cost	5,259,107	4,905,953	3,525,705
US Treasury Securities [Member] | Fixed Maturities [Member]
Gross Unrealized Gains
Gross Unrealized Losses	(12,646)	(15,830)	(34,816)
Available for sale securities	302,583	299,162	426,316
Cost or Amortized Cost	315,229	314,992	461,132
Corporate Debt Securities [Member] | Fixed Maturities [Member]
Gross Unrealized Gains	71,032	62,712	15,715
Gross Unrealized Losses	(36,034)	(45,234)	(143,701)
Available for sale securities	4,452,716	3,845,896	2,911,553
Cost or Amortized Cost	4,417,718	3,828,418	3,039,539
US States and Political Subdivisions Debt Securities [Member] | Fixed Maturities [Member]
Gross Unrealized Gains	62,399	46,883	28,634
Gross Unrealized Losses	(30,087)	(38,191)	(10,595)
Available for sale securities	3,656,990	2,849,829	1,744,137
Cost or Amortized Cost	3,624,678	2,841,137	1,726,098
Collateralized Mortgage Backed Securities [Member] | Fixed Maturities [Member]
Gross Unrealized Gains	39,488	36,870	19,554
Gross Unrealized Losses	(39,653)	(45,300)	(53,831)
Available for sale securities	3,276,167	3,325,187	3,049,113
Cost or Amortized Cost	$ 3,276,332	$ 3,333,617	$ 3,083,390

Note 2 - Investments - Amorti58

Note 2 - Investments - Amortized Cost and Fair Value of Debt Securities By Contractual Maturity (Details) - USD ($)	Mar. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
One year or less, amortized cost	$ 49,951	$ 49,915	$ 50,105
One year or less, fair value	49,929	49,931	50,127
After one year through five years, amortized cost	1,718,157	1,819,437	1,046,934
After one year through five years, fair value	1,714,094	1,809,470	1,040,747
After five years through ten years, amortized cost	1,646,453	1,646,576	1,664,103
After five years through ten years, fair value	1,647,786	1,643,823	1,592,766
More than 10 years, amortized cost	4,943,064	3,468,619	2,465,627
More than 10 years, fair value	5,000,480	3,491,663	2,398,366
Mortgage backed and asset backed securities, amortized cost	3,276,332	3,333,617	3,083,389
Mortgage backed and asset backed securities, fair value	3,276,167	3,325,187	3,049,113
Total fixed maturities, amortized cost	11,633,957	10,318,164	8,310,158
Total fixed maturities, fair value	$ 11,688,456	$ 10,320,074	$ 8,131,119

Note 2 - Investments - Realiz59

Note 2 - Investments - Realized Gains and Losses Related to the Sale of Securities (Details) - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016	Dec. 31, 2015
Gross gains	$ 192,405	$ 10,838	$ 122,192	$ 90,602
Gross losses			(21,814)	(92,126)
Net security (losses) gains	$ 192,405	$ 10,838	$ 100,378	$ (1,524)

Note 2 - Investments - Gross 60

Note 2 - Investments - Gross Unrealized Losses (Details) - USD ($)	Mar. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Available-for-sale securities, less than 12 months, unrealized loss	$ (142,203)	$ (200,355)	$ (270,188)
Available-for-sale securities, greater than 12 months, fair value	1,240,417	1,394,448	1,487,140
Available-for-sale securities, greater than 12 months, unrealized loss	(64,818)	(80,676)	(150,511)
Available-for-sale securities, fair value	8,142,464	7,648,171	7,481,891
Available-for-sale securities, unrealized loss	(207,021)	(281,031)	(420,699)
Available-for-sale securities, less than 12 months, fair value	6,902,047	6,253,723	5,994,751
Fixed Maturities [Member]
Available-for-sale securities, less than 12 months, unrealized loss	(115,402)	(136,279)	(194,836)
Available-for-sale securities, greater than 12 months, fair value	165,857	330,489	666,770
Available-for-sale securities, greater than 12 months, unrealized loss	(3,018)	(8,276)	(48,107)
Available-for-sale securities, fair value	5,309,203	5,523,512	5,624,644
Available-for-sale securities, unrealized loss	(118,420)	(144,555)	(242,943)
Available-for-sale securities, less than 12 months, fair value	5,143,346	5,193,023	4,957,874
Fixed Maturities [Member] | US Treasury Securities [Member]
Available-for-sale securities, less than 12 months, unrealized loss	(12,646)	(15,830)	(1,351)
Available-for-sale securities, greater than 12 months, fair value			228,597
Available-for-sale securities, greater than 12 months, unrealized loss			(33,465)
Available-for-sale securities, fair value	302,583	299,162	426,316
Available-for-sale securities, unrealized loss	(12,646)	(15,830)	(34,816)
Available-for-sale securities, less than 12 months, fair value	302,583	299,162	197,719
Fixed Maturities [Member] | Corporate Debt Securities [Member]
Available-for-sale securities, less than 12 months, unrealized loss	(35,288)	(42,994)	(143,701)
Available-for-sale securities, greater than 12 months, fair value	49,157	196,399
Available-for-sale securities, greater than 12 months, unrealized loss	(746)	(2,240)
Available-for-sale securities, fair value	2,106,586	2,093,399	2,141,253
Available-for-sale securities, unrealized loss	(36,034)	(45,234)	(143,701)
Available-for-sale securities, less than 12 months, fair value	2,057,429	1,897,000	2,141,253
Fixed Maturities [Member] | US States and Political Subdivisions Debt Securities [Member]
Available-for-sale securities, less than 12 months, unrealized loss	(30,087)	(38,191)	(10,595)
Available-for-sale securities, greater than 12 months, fair value
Available-for-sale securities, greater than 12 months, unrealized loss
Available-for-sale securities, fair value	1,219,109	1,296,688	675,885
Available-for-sale securities, unrealized loss	(30,087)	(38,191)	(10,595)
Available-for-sale securities, less than 12 months, fair value	1,219,109	1,296,688	675,885
Fixed Maturities [Member] | Collateralized Mortgage Backed Securities [Member]
Available-for-sale securities, less than 12 months, unrealized loss	(37,381)	(39,264)	(39,189)
Available-for-sale securities, greater than 12 months, fair value	116,700	134,090	438,173
Available-for-sale securities, greater than 12 months, unrealized loss	(2,272)	(6,036)	(14,642)
Available-for-sale securities, fair value	1,680,925	1,834,263	2,381,190
Available-for-sale securities, unrealized loss	(39,653)	(45,300)	(53,831)
Available-for-sale securities, less than 12 months, fair value	1,564,225	1,700,173	1,943,017
Equity Securities [Member]
Available-for-sale securities, less than 12 months, unrealized loss	(23,309)	(59,357)	(75,352)
Available-for-sale securities, greater than 12 months, fair value	1,074,560	1,063,959	820,370
Available-for-sale securities, greater than 12 months, unrealized loss	(61,800)	(72,400)	(102,404)
Available-for-sale securities, fair value	2,723,457	2,071,819	1,857,247
Available-for-sale securities, unrealized loss	(85,109)	(131,757)	(177,756)
Available-for-sale securities, less than 12 months, fair value	1,648,897	1,007,860	1,036,877
Other Equity Investments [Member]
Available-for-sale securities, less than 12 months, unrealized loss	(3,492)	(4,719)
Available-for-sale securities, greater than 12 months, fair value
Available-for-sale securities, greater than 12 months, unrealized loss
Available-for-sale securities, fair value	109,804	52,840
Available-for-sale securities, unrealized loss	(3,492)	(4,719)
Available-for-sale securities, less than 12 months, fair value	109,804	52,840
Equities, Including Equity Securities and Other Equity Investments [Member]
Available-for-sale securities, less than 12 months, unrealized loss	(26,801)	(64,076)	(75,352)
Available-for-sale securities, greater than 12 months, fair value	1,074,560	1,063,959	820,370
Available-for-sale securities, greater than 12 months, unrealized loss	(61,800)	(72,400)	(102,404)
Available-for-sale securities, fair value	2,833,261	2,124,659	1,857,247
Available-for-sale securities, unrealized loss	(88,601)	(136,476)	(177,756)
Available-for-sale securities, less than 12 months, fair value	$ 1,758,701	$ 1,060,700	$ 1,036,877

Note 3 - Fair Value Measureme61

Note 3 - Fair Value Measurements - Assets Measured at Fair Value on a Recurring Basis (Details) - USD ($)	Mar. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Available for sale securities	$ 17,155,562	$ 15,463,578	$ 11,735,387
Fair Value, Measurements, Recurring [Member]
Available for sale securities	17,155,562	15,463,578	11,735,387
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Available for sale securities	5,769,689	5,442,666	4,030,584
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Available for sale securities	11,385,873	10,020,912	7,704,803
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Available for sale securities
Fixed Maturities [Member]
Available for sale securities	11,688,456	10,320,074	8,131,119
Fixed Maturities [Member] | Fair Value, Measurements, Recurring [Member]
Available for sale securities	11,688,456	10,320,074	8,131,119
Fixed Maturities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Available for sale securities	302,583	299,162	426,316
Fixed Maturities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Available for sale securities	11,385,873	10,020,912	7,704,803
Fixed Maturities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Available for sale securities
Fixed Maturities [Member] | US Treasury Securities [Member]
Available for sale securities	302,583	299,162	426,316
Fixed Maturities [Member] | US Treasury Securities [Member] | Fair Value, Measurements, Recurring [Member]
Available for sale securities	302,583	299,162	426,316
Fixed Maturities [Member] | US Treasury Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Available for sale securities	302,583	299,162	426,316
Fixed Maturities [Member] | US Treasury Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Available for sale securities
Fixed Maturities [Member] | US Treasury Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Available for sale securities
Fixed Maturities [Member] | Corporate Debt Securities [Member]
Available for sale securities	4,452,716	3,845,896	2,911,553
Fixed Maturities [Member] | Corporate Debt Securities [Member] | Fair Value, Measurements, Recurring [Member]
Available for sale securities	4,452,716	3,845,896	2,911,553
Fixed Maturities [Member] | Corporate Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Available for sale securities
Fixed Maturities [Member] | Corporate Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Available for sale securities	4,452,716	3,845,896	2,911,553
Fixed Maturities [Member] | Corporate Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Available for sale securities
Fixed Maturities [Member] | US States and Political Subdivisions Debt Securities [Member]
Available for sale securities	3,656,990	2,849,829	1,744,137
Fixed Maturities [Member] | US States and Political Subdivisions Debt Securities [Member] | Fair Value, Measurements, Recurring [Member]
Available for sale securities	3,656,990	2,849,829	1,744,137
Fixed Maturities [Member] | US States and Political Subdivisions Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Available for sale securities
Fixed Maturities [Member] | US States and Political Subdivisions Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Available for sale securities	3,656,990	2,849,829	1,744,137
Fixed Maturities [Member] | US States and Political Subdivisions Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Available for sale securities
Fixed Maturities [Member] | Collateralized Mortgage Backed Securities [Member]
Available for sale securities	3,276,167	3,325,187	3,049,113
Fixed Maturities [Member] | Collateralized Mortgage Backed Securities [Member] | Fair Value, Measurements, Recurring [Member]
Available for sale securities	3,276,167	3,325,187	3,049,113
Fixed Maturities [Member] | Collateralized Mortgage Backed Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Available for sale securities
Fixed Maturities [Member] | Collateralized Mortgage Backed Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Available for sale securities	3,276,167	3,325,187	3,049,113
Fixed Maturities [Member] | Collateralized Mortgage Backed Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Available for sale securities
Equity Securities [Member]
Available for sale securities	5,135,423	4,942,248	3,430,054
Equity Securities [Member] | Fair Value, Measurements, Recurring [Member]
Available for sale securities	5,135,423	4,942,248	3,430,054
Equity Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Available for sale securities	5,135,423	4,942,248	3,430,054
Equity Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Available for sale securities
Equity Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Available for sale securities
Other Equity Investments [Member]
Available for sale securities	331,683	201,256	174,214
Other Equity Investments [Member] | Fair Value, Measurements, Recurring [Member]
Available for sale securities	331,683	201,256	174,214
Other Equity Investments [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Available for sale securities	331,683	201,256	174,214
Other Equity Investments [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Available for sale securities
Other Equity Investments [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Available for sale securities
Equities, Including Equity Securities and Other Equity Investments [Member]
Available for sale securities	5,467,106	5,143,504	3,604,268
Equities, Including Equity Securities and Other Equity Investments [Member] | Fair Value, Measurements, Recurring [Member]
Available for sale securities	5,467,106	5,143,504	3,604,268
Equities, Including Equity Securities and Other Equity Investments [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Available for sale securities	5,467,106	5,143,504	3,604,268
Equities, Including Equity Securities and Other Equity Investments [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Available for sale securities
Equities, Including Equity Securities and Other Equity Investments [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Available for sale securities

Note 3 - Fair Value Measureme62

Note 3 - Fair Value Measurements - Estimated Fair Values of the Company's Financial Assets and Liabilities (Details) - USD ($)	Mar. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Reported Value Measurement [Member]
Cash and cash equivalents	$ 2,177,660	$ 3,145,745	$ 2,466,526
Investments, at fair value	17,155,562	15,463,578	11,735,387
Total Financial Assets	19,333,222	18,609,323	14,201,913
Policyholder deposits in deposit-type contracts	3,856,221	3,398,170	1,573,988
Total Financial Liabilities	3,856,221	3,398,170	1,573,988
Estimate of Fair Value Measurement [Member]
Cash and cash equivalents	2,177,660	3,145,745	2,466,526
Investments, at fair value	17,155,562	15,463,578	11,735,387
Total Financial Assets	19,333,222	18,609,323	14,201,913
Policyholder deposits in deposit-type contracts	3,795,307	3,260,086	1,406,724
Total Financial Liabilities	$ 3,795,307	$ 3,260,086	$ 1,406,724

Note 4 - Income Tax Provision63

Note 4 - Income Tax Provision (Details Textual) - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016	Dec. 31, 2015
Income Tax Expense (Benefit)	$ 0	$ 0	$ 0	$ 0
Deferred Tax Assets, Valuation Allowance, Percentage	100.00%	100.00%	100.00%	100.00%
Operating Loss Carryforwards	$ 5,250,492		$ 5,050,176	$ 3,940,774

Note 5 - Warrants (Details Text

Note 5 - Warrants (Details Textual) - $ / shares	3 Months Ended	12 Months Ended
	Mar. 31, 2016	Dec. 31, 2015	Dec. 31, 2016	Dec. 31, 2014	Feb. 24, 2013
Equity Unit, Original Price Per Unit at Issuance	$ 1,000		$ 1,000
Equity Unit, Number of Shares of Common Stock in Each Unit	200		200
Equity Unit, Number of Common Stock Warrants in Each Unit	200		200
Class of Warrant or Right, Exercise Price of Warrants or Rights	$ 6		$ 6
Class of Warrant or Right, Number of Securities Called by Warrants or Rights		1,587,555		2,532,400
Stock Issued During Period, Shares, Warrants Exercised	354,794	944,845
Class of Warrant or Right, Value Per Share of Common Stock			$ 0		$ 0.01
Class of Warrant or Right, Outstanding	0		0