MEMBERS Life Insurance S-1/A 17 Jun 21 IPO registration (amended) Financial data

Cover

Cover	3 Months Ended
	Mar. 31, 2021
Cover [Abstract]
Entity Registrant Name	MEMBERS Life Insurance Co
Entity Central Index Key	0001562577
Document Type	S-1/A
Entity Filer Category	Non-accelerated Filer
Entity Small Business	false
Emerging Growth Company	false
Amendment Flag	true
Amendment Description	Calculation of Registration Fee Title of each class of securities to be registered Amount to be registered Proposed maximum offering price per unit Proposed maximum aggregate offering price Amount of registration fee Single Premium Deferred Indexed Annuity Contract * * $2.5 billion $272,750(1) * The maximum aggregate offering price is estimated solely for the purposes of determining the registration fee. The amount to be registered and the proposed maximum offering price per unit are not applicable since these securities are not issued in predetermined amounts or units. (1) $272,750 was previously paid with the initial Form S-1 registration statement filed with the Securities and Exchange Commission on January 21, 2021.

Condensed Statutory Basis State

Condensed Statutory Basis Statements of Admitted Assets, Liabilities and Capital and Surplus, Unaudited - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Cash and invested assets
Bonds and notes	$ 29,016	$ 30,309	$ 34,412
Receivable for securities sold	7
Cash and cash equivalents	44,913	26,410	29,037
Total cash and invested assets	73,936	56,719	63,449
Accrued investment income	187	257	358
Federal income taxes recoverable from affiliate	3,079	3,278	3,493
Net deferred tax asset	255	255	670
Amounts due from reinsurers	23,162	12,718	6,827
Receivables from affiliates	25	223	8
Other assets	14	11	13
Separate account assets	249,095	230,314	169,654
Total admitted assets	349,753	303,775	244,472
Liabilities
Reinsurance payable	18,681	7,397	14,933
Amount held for others	140	27	8
Payable to affiliates	20,491	18,329	8,626
Commissions, expenses, taxes, licenses, and fees accrued	1,231	499	763
Asset valuation reserve			40
Other liabilities	28,955	15,925	17,608
Transfers to (from) separate accounts	(8,894)	(9,416)	(7,149)
Separate account liabilities	249,095	230,314	169,654
Total liabilities	309,699	263,075	204,483
Capital
Common stock, $5 par value, 1,000 shares issued and outstanding	5,000	5,000	5,000
Paid-in capital	31,153	31,153	31,153
Unassigned surplus	3,901	4,547	3,836
Total capital and surplus	40,054	40,700	39,989
Total liabilities and capital and surplus	$ 349,753	$ 303,775	$ 244,472

Condensed Statutory Basis Sta_2

Condensed Statutory Basis Statements of Admitted Assets, Liabilities and Capital and Surplus, Unaudited (Parenthetical) - $ / shares	Mar. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Statement of Financial Position [Abstract]
Common stock, par value (in dollars per shares)	$ 5	$ 5	$ 5
Common stock, issued	1,000	1,000	1,000
Common stock, outstanding	1,000	1,000	1,000

Condensed Statutory Basis Sta_3

Condensed Statutory Basis Statements of Operations, Unaudited - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Income
Net investment income	$ 193	$ 347	$ 1,017	$ 1,626	$ 758
Reinsurance commissions	34,632	25,616	103,297	85,813	71,157
Commission and fee income				38	18
Other income	10,382	10,959	31,596	39,864	40,425
Total income	45,207	36,922	135,910	127,341	112,358
Benefits and expenses
General insurance expenses	12,851	11,229	45,029	37,669	30,755
Insurance taxes, licenses, fees, and commissions	21,781	14,389	58,279	48,143	40,402
Net transfers to separate accounts	10,369	11,047	31,908	40,318	40,705
Total benefits and expenses	45,001	36,665	135,216	126,130	111,862
Income before federal income tax expense (benefit) and net realized capital (losses)	206	257	694	1,211	496
Federal income tax expense (benefit)	184	(3)	256	(59)	(74)
Income before net realized capital (losses)	22	260	438	1,270	570
Net realized capital (losses), net of tax expense (2021 - $15; 2020 - $49)	(15)	(49)	(241)	(20)	(151)
Net income	$ 7	$ 211	$ 197	$ 1,250	$ 419

Condensed Statutory Basis Sta_4

Condensed Statutory Basis Statements of Operations, Unaudited (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Income Statement [Abstract]
Net realized capital (losses)	$ 100	$ 23	$ 154
Tax expense benefit excluding taxes transferred	$ 0	$ 4	$ 3

Condensed Statutory Basis Sta_5

Condensed Statutory Basis Statements of Changes in Capital and Surplus, Unaudited - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Statement of Stockholders' Equity [Abstract]
Capital and surplus at beginning of period	$ 40,700	$ 39,989	$ 39,989	$ 39,447	$ 18,600
Net income	7	211	197	1,250	419
Change in net deferred income tax	341	(45)	241	209	387
Change in nonadmitted assets	(994)	386	233	(897)	(595)
Change in asset valuation reserve			40	(20)	(17)
Paid-in capital					20,653
Net additions (deductions)	(646)	552	711	542	20,847
Capital and surplus at end of period	$ 40,054	$ 40,541	$ 40,700	$ 39,989	$ 39,447

Condensed Statutory Basis Sta_6

Condensed Statutory Basis Statements of Cash Flows, Unaudited - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Cash from operating activities
Premiums and other considerations	$ 11,284	$ (5,220)	$ (7,537)	$ 7,522	$ (8,605)
Net investment income received	250	491	1,191	1,568	790
Reinsurance commissions	34,632	25,616	103,297	85,813	71,157
Other income	1,098	7,006	25,668	36,446	52,391
Policy and contract benefits and dividends paid	(184)	461	187	(44)	(363)
Operating expenses paid	(32,458)	(22,833)	(94,087)	(83,030)	(64,178)
Federal income taxes paid			(141)	(568)	(497)
Net transfers (to) separate accounts	(9,847)	(10,332)	(34,175)	(42,734)	(42,947)
Net cash provided by (used in) operating activities	4,775	(4,811)	(5,597)	4,973	7,748
Cash from investing activities
Proceeds from investments sold, matured or repaid Bonds and notes	1,280	2,221	11,864	428	1,268
Total investment proceeds	1,280	2,221	11,864	428	1,268
Cost of investments acquired
Miscellaneous applications	7	7
Bonds and notes			7,951	4,994
Total investments acquired	7	7	7,951	4,994
Net cash provided by investing activities	1,273	2,214	3,913	(4,566)	1,268
Cash from financing and miscellaneous activities
Net (withdrawals) on deposit-type contracts	(38)	(4)	(26)	(12)	(7)
Other cash provided by (used in)	12,493	(1,984)	(917)	3,730	(2,536)
Net cash provided by (used in) financing and miscellaneous activities	12,455	(1,988)	(943)	3,718	(2,543)
Net change in cash and cash equivalents	18,503	(4,585)	(2,627)	4,125	6,473
Cash and cash equivalents at the beginning of the period	26,410	29,037	29,037	24,912	18,439
Cash and cash equivalents at the end of the period	$ 44,913	$ 24,452	26,410	29,037	24,912
Supplemental disclosure of non-cash transactions
Capital contribution of securities from parent					$ 20,653

Nature of Business

Nature of Business	3 Months Ended	12 Months Ended
	Mar. 31, 2021	Dec. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Nature of Business	Note 1: Nature of Business MEMBERS Life Insurance Company (“MEMBERS Life” or the “Company” or “MLIC”) is a stock life and health insurance company organized under the laws of Iowa and a wholly-owned subsidiary of CUNA Mutual Investment Corporation (“CMIC”). CMIC is organized under the laws of Wisconsin and is a wholly-owned subsidiary of CMFG Life Insurance Company (“CMFG Life”), an Iowa life insurance company. CMFG Life and its affiliated companies primarily sell insurance and other products to credit unions and their members. The Company’s ultimate parent is CUNA Mutual Holding Company (“CMHC”), a mutual insurance holding company organized under the laws of Iowa. The Company began selling single premium deferred index annuity contracts in 2013, flexible premium deferred variable and index linked annuity contracts in 2016, and single premium deferred modified guaranteed index annuity in 2019. All annuity products are sold to consumers, including credit union members, through the face-to-face distribution channel. In 2021, the Company began selling whole life insurance. The Company has reinsurance agreements with CMFG Life under which it cedes 100% of its business to CMFG Life. See Note 7, Reinsurance, for information on the Company’s reinsurance agreements. Prior to 2013, the Company did not actively market new business; it primarily serviced existing blocks of individual and group life policies. The Company is authorized to sell life, health and annuity policies in all states in the U.S. and the District of Columbia, except New York. The accompanying unaudited condensed statutory basis financial statements reflect various transactions and balances with the Company’s affiliates. See Note 6, Related Party Transactions, for a description of the material transactions. While the Company believes that these transactions were at reasonable terms, the results of operations of the Company may have materially differed had these transactions been consummated with unrelated parties. In March 2020, the World Health Organization declared the outbreak of a novel coronavirus disease (“COVID-19”) as a pandemic, which continues to spread throughout the U.S. COVID-19 is having an unprecedented impact on the U.S economy as federal, state, and local governments react to this public health crisis. The impacts of the current COVID-19 pandemic are broad reaching, and the impacts on the Company’s unaudited condensed statutory basis financial statements have not been estimated. Due to the COVID-19 outbreak, there is uncertainty surrounding the potential impact on the Company’s future financial position, results of operations and related cash flows. Continued impacts of the pandemic could materially adversely affect the Company’s near-term and long-term premium revenues, policyholder benefits, earnings, liquidity, and cash flows. These potential impacts will largely depend on future developments that cannot be accurately predicted, including the duration and severity of the pandemic, government actions, and the length of time until the economy recovers.	Note 1: Nature of Business MEMBERS Life Insurance Company (“MEMBERS Life” or the “Company” or “MLIC”) is a stock life and health insurance company organized under the laws of Iowa and a wholly-owned subsidiary of CUNA Mutual Investment Corporation (“CMIC”). CMIC is organized under the laws of Wisconsin and is a wholly-owned subsidiary of CMFG Life Insurance Company (“CMFG Life”), an Iowa life insurance company. CMFG Life and its affiliated companies primarily sell insurance and other products to credit unions and their members. The Company’s ultimate parent is CUNA Mutual Holding Company (“CMHC”), a mutual insurance holding company organized under the laws of Iowa. The Company began selling a single premium deferred index annuity contracts in 2013, a flexible premium deferred variable and index linked annuity contracts in 2016, and a single premium deferred modified guaranteed index annuity in 2019. All products are sold to consumers, including credit union members, through the face-to-face distribution channel. The Company has reinsurance agreements with CMFG Life under which it cedes 100% of its business to CMFG Life. See Note 7, Reinsurance, for information on the Company’s reinsurance agreements. Prior to 2013, the Company did not actively market new business; it primarily serviced existing blocks of individual and group life policies. The Company is authorized to sell life, health and annuity policies in all states in the U.S. and the District of Columbia, except New York. The following table identifies states with premiums greater than 5% of total direct premium and states with deposits on annuity contracts greater than 5% of total deposits: Deposits on Direct Premium Annuity Contracts 2020 2019 2018 2020 2019 2018 0 Michigan 61 % 60 % 62 % 5 % 6 % 7 % Texas 24 25 24 6 5 * California 5 5 5 5 * * Pennsylvania * * * 7 7 8 Wisconsin * * * 6 6 5 North Carolina * * * 5 * * Florida * * * 5 5 6 Indiana * * * 5 * 5 Iowa * * * * 5 6 *Less than 5% No other state represents more than 5% of the Company’s premiums or deposits for any year in the three years ended December 31, 2020. The accompanying statutory basis financial statements reflect various transactions and balances with the Company’s affiliates. See Note 6 for a description of the more significant transactions. While the Company believes that these transactions were at reasonable terms, the results of operations of the Company may have differed had these transactions been consummated with unrelated parties. In March 2020, the World Health Organization declared the outbreak of a novel coronavirus disease (“COVID-19”) as a pandemic, which continues to spread throughout the U.S. COVID-19 is having an unprecedented impact on the U.S economy as federal, state, and local governments react to this public health crisis. The impacts of the current COVID-19 pandemic are broad reaching, and the impacts on the Company’s financial statements to date have not been estimated. Due to the COVID-19 outbreak, there is uncertainty surrounding the potential impact on the Company’s future financial position, results of operations and related cash flows. Continued impacts of the pandemic could materially adversely affect the Company’s near-term and long-term premium revenues, policyholder benefits, earnings, liquidity, and cash flows. These potential impacts will largely depend on future developments that cannot be accurately predicted, including the duration and severity of the pandemic, government actions, and the length of time until the economy recovers.

Summary of Significant Accounti

Summary of Significant Accounting Policies	3 Months Ended	12 Months Ended
	Mar. 31, 2021	Dec. 31, 2020
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Note 2: Summary of Significant Accounting Policies Basis of Presentation The accompanying unaudited condensed statutory basis financial statements have been prepared in conformity with accounting practices prescribed or permitted by the Iowa Department of Commerce, Insurance Division (“Insurance Department”), which differ in some respects from accounting principles generally accepted in the United States of America (“GAAP”). Prescribed statutory accounting practices are practices incorporated directly or by reference in state laws, regulations and general administrative rules and are applicable to all insurance enterprises domiciled in a particular state. The Insurance Department has identified the Accounting Practices and Procedures Manual (“APPM”), as promulgated by the National Association of Insurance Commissioners (“NAIC”), as a source of prescribed statutory accounting practices for insurers domiciled in Iowa. Permitted statutory accounting practices encompass all accounting practices not prescribed by the NAIC and are approved by the insurance department of the insurer’s state of domicile. The Company does not utilize any permitted practices. The accompanying unaudited condensed financial statements contain all adjustments (consisting of only normal recurring items, unless otherwise disclosed) necessary for a fair statement of the financial position as of March 31, 2021 and December 31, 2020, the results of operations, cash flows, and changes in capital and surplus for the three months ended March 31, 2021 and 2020. These financial statements have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). Certain information and disclosures normally included in the annual financial statements prepared in accordance with the accounting practices prescribed or permitted by the Insurance Department have been condensed or omitted pursuant to such rules and regulations. However, the Company believes that the disclosures included herein are adequate to make the information presented not misleading. These unaudited condensed financial statements and notes should be read in conjunction with the audited financial statements and the notes thereto for the year ended December 31, 2020. These results are not necessarily indicative of the results to be expected for the full year. Use of Estimates The preparation of the unaudited condensed statutory basis financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the unaudited condensed statutory basis financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates and, in some cases, the difference could be material. Investment valuations, policy reserve valuations, determination of other-than-temporary impairments (“OTTI”), deferred tax asset valuation reserves and reinsurance balances are most affected by the use of estimates and assumptions. Investments Investments are valued as prescribed by the NAIC. Bonds and notes: Net investment income: Net realized capital (losses): Cash and Cash Equivalents Cash includes unrestricted deposits in financial institutions. Cash equivalents include money market mutual funds and investments with maturities at the date of purchase of 90 days or less and are reported at carrying value, which approximates amortized cost. Money market mutual funds are valued based on the closing price as of March 31, 2021 and December 31, 2020, as applicable. Income Tax Deferred income taxes are recognized, subject to an admissibility test for deferred tax assets, and represent the future tax consequences attributable to differences between the unaudited condensed statutory basis financial statement carrying amount of assets and liabilities and their respective tax bases. Gross deferred tax assets are reduced by a statutory valuation allowance if it is more likely than not that some portion or all of the deferred tax assets will not be realized. Recorded deferred tax amounts are adjusted to reflect changes in income tax rates and other tax law provisions as they are enacted. The net change in deferred taxes is recorded directly to unassigned surplus. The Company is subject to tax-related audits. The Company accounts for any federal and foreign tax contingent liabilities in accordance with Statement of Statutory Accounting Principles (“SSAP”) No. 5R, Liabilities, Contingencies and Impairments of Assets as modified by SSAP No. 101, Income Taxes, and any state and other tax contingent liabilities in accordance with SSAP No. 5R. The Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) was enacted by the U.S. federal government on March 27, 2020. The income tax provisions of the CARES Act did not have a material impact on the Company’s unaudited condensed statutory basis financial statements. Reinsurance Reinsurance premiums, claims and benefits, commission expense reimbursements, and reserves related to reinsured business ceded are accounted for on a basis consistent with the accounting for the underlying direct policies issued and the terms of the reinsurance contracts. Premiums and benefits ceded to other companies have been reported as reductions of premium income and benefits in the accompanying unaudited condensed statutory basis statements of operations. Policy and claim reserves are reported net of unbilled reinsurance recoverables. The Company has evaluated its reinsurance contracts and determined that all significant contracts transfer the underlying economic risk of loss. CMFG Life is the only reinsurer, and there is no allowance for doubtful accounts given the lack of concern about the risk of default on reinsurance receivable balances. Separate Accounts The Company issues single premium deferred index annuities, single premium deferred modified guaranteed index annuities and flexible premium variable and index linked deferred annuities, the assets and liabilities of which are legally segregated and reflected in the accompanying unaudited condensed statutory basis statements of admitted assets, liabilities and capital and surplus as assets and liabilities of the separate accounts. All separate account assets and liabilities are ceded to CMFG Life on a coinsurance basis except the variable annuity of the flexible premium variable and index linked deferred annuities that are ceded on a modified coinsurance basis and the related assets and liabilities are retained in the Company’s separate account. Separate account assets for the variable annuity component of the flexible premium variable and index linked deferred and single premium deferred modified guaranteed index annuity are stated at fair value. Separate account liabilities are accounted for in a manner similar to other policy reserves. Separate account premium deposits, benefit expenses and contract fee income for investment management and policy administration are reflected by the Company in the accompanying unaudited condensed statutory basis statements of operations. The variable annuity contract holders of the flexible premium variable and index linked deferred and the single premium deferred modified guaranteed index annuity are able to invest in investment funds managed for their benefit. All of the flexible premium variable separate account assets are invested in unit investment trusts that are registered with the Securities and Exchange Commission as of March 31, 2021 and December 31, 2020, respectively. CMFG Life, on behalf of MLIC, invests the single premium deferred index annuity, single premium deferred modified guaranteed index annuity and flexible premium deferred variable premiums for the benefit of the contract holder. The single premium deferred index, single premium deferred modified guaranteed index and flexible premium variable and index linked deferred annuities have two risk control accounts, referred to as the Secure and Growth Accounts; the Secure Account has a yearly credited interest rate floor of 0% and the yearly Growth Account floor is -10%. The Secure and Growth Accounts both have credited interest rate caps that vary with issuance. Interest is credited at the end of each contract year during the selected index term based on the allocation between risk control accounts and the performance of an external index during that contract year. At the end of the initial index term, only the Secure Account will be available as an option to the policyholder. Policy and Contract Claim Reserves Liabilities established for unpaid benefits for life insurance contracts represent the estimated amounts required to cover the ultimate cost of settling reported and incurred but unreported losses. These estimates are adjusted in the aggregate for ultimate loss expectations based on historical experience patterns and current economic trends. Any change in the probable ultimate liabilities, which might arise from new information emerging, is reflected in the unaudited condensed statutory basis statements of operations in the period the change is determined to be necessary. Such adjustments could be material. The policy and contract claim reserves are 100% ceded to CMFG Life. Policy Reserves Life insurance reserves The Company waives deduction of deferred fractional premiums upon death of the insured and returns the portion of the final premium beyond the date of death. Surrender values are not promised in excess of legally computed reserves. Extra premiums are charged for substandard lives, plus the gross premium for a rated age. Mean reserves are determined by computing the regular mean reserve for the plan at the rated age and holding, plus one-half of the extra premium charge for the year. Tabular interest, tabular less actual reserves released, tabular cost and tabular interest on funds not involving life contingencies have all been determined by formulas prescribed by the Insurance Department. Individual annuity reserves: The policy reserves are 100% ceded to CMFG Life. Liabilit y for Deposit-Type Contracts The Company recognizes a liability for policyholder deposits that are not subject to policyholder mortality or longevity risk at the stated account value. The account value equals the sum of the original deposit plus accumulated interest, less any withdrawals and expense charges. Such deposits primarily represent annuity contracts without life contingencies. The liability for deposit-type contracts is 100% ceded to CMFG Life. Statutory Valuation Reserves The interest maintenance reserve (“IMR”) is maintained for the purpose of stabilizing the surplus of the Company against gains and losses on sales of investments that are primarily attributable to changing interest rates. The interest rate-related gains and losses are deferred and amortized into income over the remaining lives of the securities sold. If the IMR is calculated to be a net asset, it is nonadmitted. The asset valuation reserve (“AVR’) is a formulaic reserve for fluctuations in the values of invested assets, primarily bonds and notes. Changes in the AVR are charged or credited directly to unassigned surplus. Other Liabilities The Company issues the single premium deferred index annuity contracts, single premium deferred modified guaranteed index annuity contracts and flexible premium deferred variable and index linked annuity contracts on the 10th and 25th of each month. The Company recognizes a liability on contracts for which it has received cash but has not issued a contract. Other liabilities primarily consist of these pending customer funds, which are released from other liabilities when the policy is issued.	Note 2: Summary of Significant Accounting Policies Basis of Presentation The accompanying statutory basis financial statements have been prepared in conformity with accounting practices prescribed or permitted by the Iowa Department of Commerce, Insurance Division (“Insurance Department”), which differ in some respects from accounting principles generally accepted in the United States of America (“GAAP”). Prescribed statutory accounting practices are practices incorporated directly or by reference in state laws, regulations and general administrative rules and are applicable to all insurance enterprises domiciled in a particular state. The Insurance Department has identified the Accounting Practices and Procedures Manual (“APPM”), as promulgated by the National Association of Insurance Commissioners (“NAIC”), as a source of prescribed statutory accounting practices for insurers domiciled in Iowa. Permitted statutory accounting practices encompass all accounting practices not prescribed by the NAIC and are approved by the insurance department of the insurer’s state of domicile. The Company does not utilize any permitted practices. GAAP/Statutory Accounting Differences The following summary identifies the significant differences between the accounting practices prescribed or permitted by the Insurance Department and GAAP: “Nonadmitted assets” (principally a portion of deferred taxes, the interest maintenance reserve and items not allocated) are excluded from the statutory basis statements of admitted assets, liabilities and capital and surplus through a direct charge to unassigned surplus. Under GAAP, nonadmitted assets are presented in the balance sheet, net of any valuation allowance. Investments in bonds and notes are generally carried at amortized cost, while under GAAP, they are carried at either amortized cost or fair value based on their classification according to the Company’s ability and intent to hold or trade the securities. For statutory accounting, after an other-than-temporary impairment of bonds, other than loan-backed securities, is recorded, the fair value of the other-than-temporarily impaired bond becomes its new cost basis. For GAAP, an impairment is based on the net present value of expected cash flows if the Company intends to hold the security until it has recovered, and an impairment is recorded as a valuation allowance. Policy reserves, which are 100% ceded to CMFG Life, are established based on mortality and interest assumptions prescribed or permitted by state statutes, without consideration for withdrawals, which may differ from reserves established for GAAP using assumptions with respect to mortality, interest, expense, and withdrawals that are based on company experience and expectations. Under both GAAP and statutory accounting, deferred federal income taxes are provided for unrealized capital gains or losses on investments and the temporary differences between the reporting and tax bases of assets and liabilities; however, there are limits as to the amount of deferred tax assets that may be reported as admitted assets under statutory accounting. Further, the change in deferred taxes is recognized as an adjustment to unassigned surplus under statutory accounting. For GAAP, changes in deferred taxes related to revenue and expense items are recorded in the statements of operations and comprehensive income. A federal income tax provision is required on a current basis only for the statutory basis statements of operations. The asset valuation reserve (“AVR”), a statutory only reserve established by formula for the purpose of stabilizing the surplus of the Company against fluctuations in the fair value of certain invested assets, is recorded as a liability by a direct charge to unassigned surplus for statutory reporting. Such a reserve is not recorded under GAAP. For statutory reporting, the interest maintenance reserve (“IMR”) defers recognition of interest rate-related gains and losses resulting from the disposal of investment securities and amortizes them into income over the remaining contractual maturities of those securities; under GAAP, such gains and losses are recognized in income immediately. Amounts due from reinsurers for their share of ceded reserves are netted against the reserves rather than shown as assets as under GAAP. Deposits, surrenders, and benefits on certain annuities, including those recorded in the separate accounts, are recorded in the statutory basis statements of operations, while such deposits and benefits are credited or charged directly to the policyholder account balances under GAAP. As a result, under GAAP, revenues on these types of contracts are composed of contract charges and fees, which are recognized when assessed against the account balance. Under GAAP, amounts collected are credited directly to policyholder account balances, and the benefits and claims on these contracts that are charged to expense only include benefits incurred in the period in excess of related policyholder account balances. Single premium deferred index annuities, single premium deferred modified guaranteed index annuities and flexible premium variable and index linked deferred annuities are reported as a separate account product for statutory reporting. For GAAP, only the variable annuity component of the flexible premium variable and index linked deferred annuity is reported as a separate account product, with the other related assets and liabilities reported in the general account because criteria for separate account reporting are not met. The criteria are that funds must be invested at the direction of the contract holder and investment results must be passed through to the contract holder. Comprehensive income and its components are not presented in the statutory basis financial statements, whereas under GAAP, comprehensive income is presented and changes in comprehensive income are reflected in accumulated other comprehensive income, a component of stockholder’s equity. The statutory basis statements of cash flows are presented in the required statutory format. Under GAAP, the indirect method for the statements of cash flows requires a reconciliation of net income to net cash provided by operating activities. Use of Estimates The preparation of the statutory basis financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the statutory basis financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates and, in some cases, the difference could be material. Investment valuations, policy reserve valuations, determination of other-than-temporary impairments (“OTTI”), deferred tax asset valuation reserves and reinsurance balances are most affected by the use of estimates and assumptions. Investments Investments are valued as prescribed by the NAIC. Bonds and notes: Net investment income: Net realized capital (losses): Net unrealized capital gains Cash and Cash Equivalents Cash includes unrestricted deposits in financial institutions. Cash equivalents include money market mutual funds and investments with maturities at the date of purchase of 90 days or less and are reported at carrying value, which approximates amortized cost. Money market mutual funds are valued based on the closing price as of December 31. Income Tax Deferred income taxes are recognized, subject to an admissibility test for deferred tax assets, and represent the future tax consequences attributable to differences between the statutory basis financial statement carrying amount of assets and liabilities and their respective tax bases. Gross deferred tax assets are reduced by a statutory valuation allowance if it is more likely than not that some portion or all of the deferred tax assets will not be realized. See Note 5 for the components of the admissibility test used to calculate the admitted deferred tax assets. Recorded deferred tax amounts are adjusted to reflect changes in income tax rates and other tax law provisions as they are enacted. The net change in deferred taxes is recorded directly to unassigned surplus. The Company is subject to tax-related audits. The Company accounts for any federal and foreign tax contingent liabilities in accordance with Statement of Statutory Accounting Principles (“SSAP”) No. 5R, Liabilities, Contingencies and Impairments of Assets as modified by SSAP No. 101, Income Taxes, and any state and other tax contingent liabilities in accordance with SSAP No. 5R. The Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) was enacted by the U.S. federal government on March 27, 2020. The income tax provisions of the CARES Act did not have a material impact on the Company’s statutory basis financial statements. Reinsurance Reinsurance premiums, claims and benefits, commission expense reimbursements, and reserves related to reinsured business ceded are accounted for on a basis consistent with the accounting for the underlying direct policies issued and the terms of the reinsurance contracts. Premiums and benefits ceded to other companies have been reported as reductions of premium income and benefits in the accompanying statutory basis statements of operations. Policy and claim reserves are reported net of unbilled reinsurance recoverables. The Company has evaluated its reinsurance contracts and determined that all significant contracts transfer the underlying economic risk of loss. Since CMFG Life is the only reinsurer, there is no concern of default on reinsurance receivable balances. Separate Accounts The Company issues single premium deferred index annuities, single premium deferred modified guaranteed index annuities and flexible premium variable and index linked deferred annuities, the assets and liabilities of which are legally segregated and reflected in the accompanying statutory basis statements of admitted assets, liabilities and capital and surplus as assets and liabilities of the separate accounts. All separate account assets and liabilities are ceded to CMFG Life on a coinsurance basis except the variable annuity of the flexible premium variable and index linked deferred annuities that are ceded on a modified coinsurance basis and the related assets and liabilities are retained in the Company’s separate account. Separate account assets for the variable annuity component of the flexible premium variable and index linked deferred and single premium deferred modified guaranteed index annuity are stated at fair value. Separate account liabilities are accounted for in a manner similar to other policy reserves. Separate account premium deposits, benefit expenses and contract fee income for investment management and policy administration are reflected by the Company in the accompanying statutory basis statements of operations. The variable annuity contract holders of the flexible premium variable and index linked deferred and the single premium deferred modified guaranteed index annuity are able to invest in investment funds managed for their benefit. All of the flexible premium variable separate account assets are invested in unit investment trusts that are registered with the Securities and Exchange Commission as of December 31, 2020 and 2019, respectively. CMFG Life, on behalf of MLIC, invests the single premium deferred index annuity, single premium deferred modified guaranteed index annuity and flexible premium deferred variable premiums for the benefit of the contract holder. The single premium deferred index, single premium deferred modified guaranteed index and flexible premium variable and index linked deferred annuities have two risk control accounts, referred to as the Secure and Growth Accounts; the Secure Account has a yearly credited interest rate floor of 0% and the yearly Growth Account floor is -10%. The Secure and Growth Accounts both have credited interest rate caps that vary with issuance. Interest is credited at the end of each contract year during the selected index term based on the allocation between risk control accounts and the performance of an external index during that contract year. At the end of the initial index term only the Secure Account will be available as an option to the policyholder. Policy and Contract Claim Reserves Liabilities established for unpaid benefits for life insurance contracts represent the estimated amounts required to cover the ultimate cost of settling reported and incurred but unreported losses. These estimates are adjusted in the aggregate for ultimate loss expectations based on historical experience patterns and current economic trends. Any change in the probable ultimate liabilities, which might arise from new information emerging, is reflected in the statutory basis statements of operations in the period the change is determined to be necessary. Such adjustments could be material. The policy and contract claim reserves are 100% ceded to CMFG Life. Policy Reserves Life insurance reserves The Company waives deduction of deferred fractional premiums upon death of the insured and returns the portion of the final premium beyond the date of death. Surrender values are not promised in excess of legally computed reserves. Extra premiums are charged for substandard lives, plus the gross premium for a rated age. Mean reserves are determined by computing the regular mean reserve for the plan at the rated age and holding, plus one-half of the extra premium charge for the year. Tabular interest, tabular less actual reserves released, tabular cost and tabular interest on funds not involving life contingencies have all been determined by formulas prescribed by the Insurance Department. Individual annuity reserves: The policy reserves are 100% ceded to CMFG Life. Liability for Deposit-Type Contracts The Company recognizes a liability for policyholder deposits that are not subject to policyholder mortality or longevity risk at the stated account value. The account value equals the sum of the original deposit plus accumulated interest, less any withdrawals and expense charges. Such deposits primarily represent annuity contracts without life contingencies. Statutory Valuation Reserves The IMR is maintained for the purpose of stabilizing the surplus of the Company against gains and losses on sales of investments that are primarily attributable to changing interest rates. The interest rate-related gains and losses are deferred and amortized into income over the remaining lives of the securities sold. If the IMR is calculated to be a net asset, it is nonadmitted. The AVR is a formulaic reserve for fluctuations in the values of invested assets, primarily bonds and notes. Changes in the AVR are charged or credited directly to unassigned surplus. Other Liabilities The Company issues the single premium deferred index annuity contracts, single premium deferred modified guaranteed index annuity contracts and flexible premium deferred variable and index linked annuity contracts on the 10th and 25th of each month. The Company recognizes a liability on contracts for which it has received cash, but has not issued a contract. Other liabilities primarily consist of these customer funds pending completion of the policy issuance process. The customer funds are released from other liabilities when the policy application is completed. Recently Adopted Accounting Standards The Company adopted revised statutory principles-based based reserve valuation standards effective January 1, 2020. For life insurance, the amendments affect new business only and therefore had no impact on existing policy reserves. Further, the Company does not currently issue new life insurance business which would be impacted by the new valuation standards. For the flexible premium deferred variable and index linked annuities and single premium deferred modified guaranteed index annuity, there was an immaterial impact from adoption on the direct reserves, which are 100% ceded to CMFG Life.

Investments

Investments	3 Months Ended	12 Months Ended
	Mar. 31, 2021	Dec. 31, 2020
Investments, Debt and Equity Securities [Abstract]
Investments	Note 3: Investments Bonds and Notes The statement value, which generally represents amortized cost, gross unrealized gains and losses and fair value of investments in bonds and notes at March 31, 2021 are as follows: Statement Gross Unrealized Value Gains Losses Fair Value U.S. government and agencies $ 8,733 $ 462 $ - $ 9,195 Industrial and miscellaneous 15,927 916 (321 ) 16,522 Commercial mortgage-backed securities 1,972 - (16 ) 1,956 Residential mortgage-backed securities 1,386 54 - 1,440 Non-mortgage asset-backed securities 998 - - 998 Total bonds and notes $ 29,016 $ 1,432 $ (337 ) $ 30,111 The statement value, which generally represents amortized cost, gross unrealized gains and losses and fair value of investments in bonds and notes at December 31, 2020 are as follows: Gross Gross Statement Unrealized Unrealized Value Gains Losses Fair Value U.S. government and agencies $ 8,734 $ 1,916 $ - $ 10,650 Industrial and miscellaneous 16,926 1,170 (1 ) 18,095 Commercial mortgage-backed securities 1,977 3 - 1,980 Residential mortgage-backed securities 1,674 60 - 1,734 Non-mortgage asset-backed securities 998 - (8 ) 990 Total bonds and notes $ 30,309 $ 3,149 $ (9 ) $ 33,449 The statement value and fair value of bonds and notes at March 31, 2021, by contractual maturity, are shown below. Expected maturities may differ from contractual maturities because certain borrowers have the right to call or prepay obligations with or without call or prepayment penalties. Because of the potential for prepayment on residential mortgage-backed, commercial mortgage-backed and non-mortgage asset-backed securities, such securities have not been classified by expected maturity in the table below by contractual maturity. Statement Value Fair Value Due in one year or less $ 1,996 $ 2,063 Due after one year through five years 6,972 7,562 Due after five years through ten years 6,959 6,898 Due after ten years 8,733 9,194 Residential mortgage-backed securities 1,386 1,440 Commercial mortgage-backed securities 1,972 1,956 Non-mortgage asset-backed securities 998 998 Total bonds and notes $ 29,016 $ 30,111 Cash and Cash Equivalents The details of cash and cash equivalents as of March 31, 2021 and December 31, 2020, are as follows: March 31, December 31, 2021 2020 Cash equivalents $ 36,688 $ 24,336 Cash 8,225 2,074 Total cash and cash equivalents $ 44,913 $ 26,410 Net Investment Income Sources of net investment income for the three months ended March 31 are summarized as follows: March 31, March 31, 2021 2020 Bonds and notes $ 204 $ 266 Cash and cash equivalents 3 96 Gross investment income 207 362 Less investment expenses 14 15 Net investment income $ 193 $ 347 Investment expenses are allocated from a related party for investment management fees and include interest, salaries, brokerage fees and securities’ custodial fees. Due and accrued investment income over 90 days past due is excluded from the unaudited condensed statutory basis statements of admitted assets, liabilities, and capital and surplus as a nonadmitted asset. There was no accrued investment income excluded at March 31, 2021 and December 31, 2020 on this basis. Net Realized Capital (Losses) The net realized capital (losses) of ($15) and ($49) for the three months ended March 31, 2021 and 2020 related to taxes on previously deferred capital gains (losses) on intercompany portfolio transfers between the Company and affiliates. There were no proceeds from the sales of bonds and notes for the three months ended March 31, 2021 and 2020, respectively. Other-Than-Temporary Investment Impairments Investment securities are reviewed for OTTI on an ongoing basis. The Company creates a watchlist of securities based primarily on the fair value of an investment security relative to its amortized cost. When the fair value drops below the Company’s amortized cost, the Company monitors the security for OTTI. The determination of OTTI requires significant judgment on the part of the Company and depends on several factors, including, but not limited to: ● The existence of any plans to sell the investment security. ● The extent to which fair value is less than statement value. ● The underlying reason for the decline in fair value (credit concerns, interest rates, etc.). ● The financial condition and near-term prospects of the issuer/borrower, including the ability to meet contractual obligations, relevant industry trends and conditions and cash flow analysis. ● For mortgage-backed and structured securities, the Company’s intent and ability to retain its investment for a period of time sufficient to allow for an anticipated recovery in fair value. ● The Company ’s ability to recover all amounts due according to the contractual terms of the agreements. ● The Company’s collater al position, in the case of bankruptcy or restructuring. A bond and note is considered to be other-than-temporarily impaired when the fair value is less than the amortized cost basis and its value is not expected to recover through the Company’s holding period. When this occurs, the Company records a realized capital loss equal to the difference between the amortized cost and fair value. The fair value of the other-than-temporarily impaired security becomes its new cost basis. If the bond is a loan-backed or structured security, it is considered to be other-than-temporarily impaired when the amortized cost exceeds the present value of cash flows expected to be collected and its value is not expected to recover through the Company’s holding period. The amount of OTTI recognized in net income as a realized loss equals the difference between the investment’s amortized cost basis and its expected cash flows. In determining whether an unrealized loss is expected to be other-than-temporary, the Company considers, among other factors, any plans to sell the security, the severity of impairment, financial position of the issuer, recent events affecting the issuer’s business and industry sector, credit ratings, and the intent and ability of the Company to hold the investment until the fair value has recovered above its cost basis. Management believes it has made an appropriate provision for other-than-temporarily impaired securities owned at March 31, 2021 and December 31, 2020. Future declines in fair value may result in additional OTTI. Additional OTTI will be recorded as appropriate and as determined by the Company’s regular monitoring procedures of additional facts. In light of the variables involved, such additional OTTI could be significant. The Company did not recognize any OTTI on mortgage-backed and structured securities during the three months ended March 31, 2021 and 2020 caused by an intent to sell or lack of intent and ability to hold until recovery of the amortized cost basis. Net Unrealized Capital (Losses) Information regarding the Company’s bonds and notes with unrealized losses at March 31, 2021 is presented below, segregated between those that have been in a continuous unrealized loss position for less than twelve months and those that have been in a continuous unrealized loss position for twelve or more months. Months in Unrealized Loss Position Less Than Twelve Total Twelve Months Months or Greater March 31, 2021 Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss Industrial and miscellaneous $ 4,651 $ (321 ) $ - $ - $ 4,651 $ (321 ) Commercial mortgage-backed 1,955 (16 ) - - 1,955 (16 ) Total bonds and notes $ 6,606 $ (337 ) $ - $ - $ 6,606 $ (337 ) At March 31, 2021, the Company owned six securities with a fair value of $6,606 in an unrealized loss position. The Company owned five industrial and miscellaneous securities with an unrealized loss of $321, and one commercial mortgage-backed security with an unrealized loss of $16. The total fair value of securities with unrealized losses at March 31, 2021 and which are rated “investment grade” based on having an NAIC rating of 1 or 2 is $6,606 or 100% of the total fair value of all securities with unrealized losses at March 31, 2021. Information regarding the Company’s bonds and notes with unrealized losses at December 31, 2020 is presented below, segregated between those that have been in a continuous unrealized loss position for less than twelve months and those that have been in a continuous unrealized loss position for twelve or more months. Months in Unrealized Loss Position Less Than Twelve Total Twelve Months Months or Greater December 31, 2020 Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss Industrial and miscellaneous $ 1,004 $ (1 ) $ - $ - $ 1,004 $ (1 ) Non-mortgage asset-backed 990 (8 ) - - 990 (8 ) Total bonds and notes $ 1,994 $ (9 ) $ - $ - $ 1,994 $ (9 ) At December 31, 2020, the Company owned two securities with a fair value of $1,994 in an unrealized loss position. The Company owned one industrial and miscellaneous security with an unrealized loss of $1, and one non-mortgage asset-backed security with an unrealized loss of $8. The total fair value of securities with unrealized losses at December 31, 2020 and which are rated “investment grade” based on having an NAIC rating of 1 or 2 is $1,994 or 100% of the total fair value of all securities with unrealized losses at December 31, 2020.	Note 3: Investments Bonds and Notes The statement value, which generally represents amortized cost, gross unrealized gains and losses and fair value of investments in bonds and notes at December 31, 2020 are as follows: Gross Gross Statement Unrealized Unrealized Value Gains Losses Fair Value U.S. government and agencies $ 8,734 $ 1,916 $ - $ 10,650 Industrial and miscellaneous 16,926 1,170 (1 ) 18,095 Commercial mortgage-backed securities 1,977 3 - 1,980 Residential mortgage-backed securities 1,674 60 - 1,734 Non-mortgage asset-backed securities 998 - (8 ) 990 Total bonds and notes $ 30,309 $ 3,149 $ (9 ) $ 33,449 The statement value, which generally represents amortized cost, gross unrealized gains and losses, and fair value of investments in bonds and notes at December 31, 2019 are as follows: Gross Gross Statement Unrealized Unrealized December 31, 2019 Value Gains Losses Fair Value U.S. government and agencies $ 8,739 $ 454 $ - $ 9,193 Industrial and miscellaneous 20,455 861 - 21,316 Residential mortgage-backed securities 3,217 18 - 3,235 Non-mortgage asset-backed securities 2,001 - - 2,001 Total bonds and notes $ 34,412 $ 1,333 $ - $ 35,745 The statement value and fair value of bonds and notes at December 31, 2020, by contractual maturity, are shown below. Expected maturities may differ from contractual maturities because certain borrowers have the right to call or prepay obligations with or without call or prepayment penalties. Because of the potential for prepayment on residential mortgage-backed, commercial mortgage-backed and non-mortgage asset-backed securities, such securities have not been displayed in the table below by contractual maturity. Statement Value Fair Value Due in one year or less $ 2,004 $ 2,022 Due after one year through five years 7,964 8,709 Due after five years through ten years 6,958 7,364 Due after ten years 8,734 10,650 Residential mortgage-backed securities 1,674 1,734 Commercial mortgage-backed securities 1,977 1,980 Non-mortgage asset-backed securities 998 990 Total bonds and notes $ 30,309 $ 33,449 Cash and Cash Equivalents The details of cash and cash equivalents as of December 31, are as follows: 2020 2019 Cash equivalents $ 24,336 $ 28,122 Cash 2,074 915 Total cash and cash equivalents $ 26,410 $ 29,037 Net Investment Income Sources of net investment income for the years ended December 31 are summarized as follows: 2020 2019 2018 Bonds and notes $ 954 $ 971 $ 364 Cash and cash equivalents 116 709 452 Gross investment income 1,070 1,680 816 Less investment expenses 53 54 58 Net investment income $ 1,017 $ 1,626 $ 758 Investment expenses include interest, salaries, brokerage fees and securities’ custodial fees. Due and accrued investment income over 90 days past due is excluded from the statutory basis statements of admitted assets, liabilities, and capital and surplus as a nonadmitted asset. There was no accrued investment income excluded at December 31, 2020 or 2019 on this basis. Net Realized Capital (Losses) Net realized capital (losses) for the years ended December 31 are summarized as follows: 2020 2019 2018 Gross gains from sales of bonds and notes $ 1 $ 17 $ 17 Other (142 ) - Realized capital gains (losses) before taxes and transfer to IMR (141 ) 17 17 Tax on realized capital gains (losses) (100 ) (24 ) (155 ) Transfer to interest maintenance reserve - (13 ) (13 ) Net realized capital (losses) $ (241 ) $ (20 ) $ (151 ) Proceeds from the sale of bonds and notes were $2,002, $338, and $651 in 2020, 2019 and 2018, respectively. Other-Than-Temporary Investment Impairments Investment securities are reviewed for OTTI on an ongoing basis. The Company creates a watchlist of securities based largely on the fair value of an investment security relative to its amortized cost. When the fair value drops below the Company’s amortized cost, the Company monitors the security for OTTI. The determination of OTTI requires significant judgment on the part of the Company and depends on several factors, including, but not limited to: ● The existence of any plans to sell the investment security. ● The extent to which fair value is less than statement value. ● The underlying reason for the decline in fair value (credit concerns, interest rates, etc.). ● The financial condition and near-term prospects of the issuer/borrower, including the ability to meet contractual obligations, relevant industry trends and conditions and cash flow analysis. ● For mortgage-backed and structured securities, the Company’s intent and ability to retain its investment for a period of time sufficient to allow for an anticipated recovery in fair value. ● The Company’s ability to recover all amounts due according to the contractual terms of the agreements. ● The Company’s collateral position, in the case of bankruptcy or restructuring. A bond and note is considered to be other-than-temporarily impaired when the fair value is less than the amortized cost basis and its value is not expected to recover through the Company’s holding period. When this occurs, the Company records a realized capital loss equal to the difference between the amortized cost and fair value. The fair value of the other-than-temporarily impaired security becomes its new cost basis. If the bond is a loan-backed or structured security, it is considered to be other-than-temporarily impaired when the amortized cost exceeds the present value of cash flows expected to be collected and its value is not expected to recover through the Company’s holding period. The amount of the other-than-temporary impairment recognized in net income as a realized loss equals the difference between the investment’s amortized cost basis and its expected cash flows. In determining whether an unrealized loss is expected to be other-than-temporary, the Company considers, among other factors, any plans to sell the security, the severity of impairment, financial position of the issuer, recent events affecting the issuer’s business and industry sector, credit ratings, and the intent and ability of the Company to hold the investment until the fair value has recovered above its cost basis. Management believes it has made an appropriate provision for other-than-temporarily impaired securities owned at December 31, 2020 and 2019. As a result of the subjective nature of these estimates, however, additional provisions may subsequently be determined to be necessary, as new facts emerge and a greater understanding of economic trends develop. Additional OTTI will be recorded as appropriate and as determined by the Company’s regular monitoring procedures of additional facts. In light of the variables involved, such additional OTTI could be significant. The Company did not recognize any OTTI on mortgage-backed and structured securities during 2020, 2019 and 2018 caused by an intent to sell or lack of intent and ability to hold until recovery of the amortized cost basis. Net Unrealized Capital (Losses) Information regarding the Company’s bonds and notes with unrealized losses at December 31, 2020 is presented below, segregated between those that have been in a continuous unrealized loss position for less than twelve months and those that have been in a continuous unrealized loss position for twelve or more months. Months in Unrealized Loss Position Less Than Twelve Total Twelve Months Months or Greater December 31, 2020 Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss Industrial and miscellaneous $ 1,004 $ (1 ) $ - $ - $ 1,004 $ (1 ) Non-mortgage asset-backed 990 (8 ) - - 990 (8 ) Total bonds and notes $ 1,994 $ (9 ) $ - $ - $ 1,994 $ (9 ) At December 31, 2020, the Company owned two securities with a fair value of $1,994 in an unrealized loss position. The Company owned one industrial and miscellaneous security with an unrealized loss of $1, and one non-mortgage asset-backed security with an unrealized loss of $8. The total fair value of securities with unrealized losses at December 31, 2020 and which are rated “investment grade” based on having an NAIC rating of 1 or 2 is $1,994 or 100% of the total fair value of all securities with unrealized losses at December 31, 2020. The Company had no securities in an unrealized loss position at December 31, 2019. Assets Designated/Securities on Deposit Iowa law requires that assets equal to a life insurer’s legal reserve must be designated for the Insurance Department for the protection of all policyholders. The legal reserve is equal to the net present value of all outstanding policies and contracts involving life contingencies. At December 31, 2020 and 2019, bonds and notes and cash with a statement value of $28,240 and $32,342, respectively, were accordingly designated for Iowa. Additionally, the Company designates assets for other regulatory jurisdictions who require cash and securities be deposited for the benefit of policyholders. Pursuant to these requirements, bonds and notes with a statement value of $2,119 and $2,120 were on deposit with other regulatory jurisdictions as of December 31, 2020 and 2019, respectively. Investment Credit Risk The Company maintains a diversified investment portfolio including issuer, sector and geographic stratification, where applicable, and has established certain exposure limits, diversification standards, and review procedures to mitigate credit risk.

Fair Value

Fair Value	3 Months Ended	12 Months Ended
	Mar. 31, 2021	Dec. 31, 2020
Fair Value Disclosures [Abstract]
Fair Value	Note 4: Fair Value The Company uses fair value measurements to record fair value of certain assets and liabilities and to estimate fair value of financial instruments not recorded at fair value but required to be disclosed at fair value. Certain financial instruments, such as insurance policy liabilities other than deposit-type contracts, are excluded from the fair value disclosure requirements. The Company uses fair value measurements obtained using observable inputs or internally determined estimates to estimate fair value. Valuation Hierarchy Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The fair value hierarchy prioritizes the inputs to valuation techniques used to measure fair value of assets and liabilities into three broad levels. The Company has categorized its financial instruments, based on the degree of subjectivity inherent in the valuation technique, as follows: ● Level 1: Inputs are directly observable and represent quoted prices for identical assets or liabilities in active markets the Company has the ability to access at the measurement date. ● Level 2: All significant inputs are observable, either directly or indirectly, other than quoted prices included in Level 1, for the asset or liability. This includes: (i) quoted prices for similar instruments in active markets, (ii) quoted prices for identical or similar instruments in markets that are not active, (iii) inputs other than quoted prices that are observable for the instruments and (iv) inputs that are derived principally from or corroborated by observable market data by correlation or other means. ● Level 3: One or more significant inputs are unobservable and reflect the Company’s estimates of the assumptions that market participants would use in pricing the asset or liability, including assumptions about risk. For purposes of determining the fair value of the Company’s assets and liabilities, observable inputs are those inputs used by market participants in valuing financial instruments, which are developed based on market data obtained from independent sources. In the absence of sufficient observable inputs, unobservable inputs, reflecting the Company’s estimates of the assumptions market participants would use in valuing financial assets and liabilities, are developed based on the best information available in the circumstances. The Company uses prices and inputs that are current as of the measurement date. In some instances, valuation inputs used to measure fair value fall into different levels of the fair value hierarchy. The category level in the fair value hierarchy is determined based on the lowest level input that is significant to the fair value measurement in its entirety. The hierarchy requires the use of market observable information when available for measuring fair value. The availability of observable inputs varies by investment. In situations where the fair value is based on inputs that are unobservable in the market or on inputs from inactive markets, the determination of fair value requires more judgment and is subject to the risk of variability. The degree of judgment exercised by the Company in determining fair value is typically greatest for investments categorized in Level 3. Transfers in and out of level categorizations are reported as having occurred at the end of the quarter in which the transfer occurred. Therefore, for all transfers into Level 3, all realized gains and losses and all changes in unrealized gains and losses in the applicable quarter are not reflected in the Level 3 rollforward table. Valuation Process The Company is responsible for the determination of fair value and the supporting assumptions and methodologies. The Company gains assurance on the overall reasonableness and consistent application of valuation methodologies and inputs and compliance with accounting standards through the execution of various processes and controls designed to provide assurance that assets and liabilities are appropriately valued. The Company has policies and guidelines that require the establishment of valuation methodologies and consistent application of such methodologies. These policies and guidelines govern the use of inputs and price source hierarchies and provide controls around the valuation processes. These controls include appropriate review and analysis of prices against market activity or indicators of reasonableness, approval of price source changes, price overrides, methodology changes and classification of fair value hierarchy levels. The valuation policies and guidelines are reviewed and updated as appropriate. For fair values received from third parties or internally estimated, the Company’s processes are designed to provide assurance that the valuation methodologies and inputs are appropriate and consistently applied, the assumptions are reasonable and consistent with the objective of determining fair value, and the fair values are appropriately recorded. The Company performs procedures to understand and assess the methodologies, processes and controls of valuation service providers. In addition, the Company may validate the reasonableness of fair values by comparing information obtained from valuation service providers or brokers to other third-party valuation sources for selected securities. When using internal valuation models, these models are developed by the Company’s investment group using established methodologies. The models, including key assumptions, are reviewed with various investment sector professionals, accounting, operations, compliance, and risk management professionals. In addition, when fair value estimates involve a high degree of subjectivity, the Company validates them through reviews by members of management who have relevant expertise and who are independent of those charged with executing investment transactions. Transfers Between Levels There were no transfers between levels during the three months ended March 31, 2021 and 2020. Determination of Fair Values The following table summarizes the Company’s assets and liabilities that are measured at fair value as of March 31, 2021. Assets, at Fair Value Level 1 Level 2 Level 3 Total Cash equivalents $ 36,688 $ - $ - $ 36,688 Separate account assets - 249,095 - 249,095 Total assets at fair value $ 36,688 $ 249,095 $ - $ 285,783 Liabilities, at Fair Value Level 1 Level 2 Level 3 Total Separate account liabilities $ - $ 249,095 $ - $ 249,095 Total liabilities at fair value $ - $ 249,095 $ - $ 249,095 The following table summarizes the Company’s assets and liabilities that are measured at fair value as of December 31, 2020. Assets, at Fair Value Level 1 Level 2 Level 3 Total Cash equivalents $ 24,336 $ - $ - $ 24,336 Separate account assets - 230,314 - 230,314 Total assets at fair value $ 24,336 $ 230,314 $ - $ 254,650 Liabilities, at Fair Value Level 1 Level 2 Level 3 Total Separate account liabilities $ - $ 230,314 $ - $ 230,314 Total liabilities at fair value $ - $ 230,314 $ - $ 230,314 Fair Value Measurement of Financial Instruments Accounting standards require disclosure of fair value information about certain on and off-balance sheet financial instruments for which it is practicable to estimate that value. The following table summarizes the carrying amounts and fair values of the Company’s financial instruments for which it is practicable to estimate fair value by fair value measurement level at March 31, 2021: Carrying Amount Fair Value Level 1 Level 2 Level 3 Financial instruments recorded as assets: Bonds and notes $ 29,016 $ 30,111 $ - $ 29,113 $ 998 Cash equivalents¹ 36,688 36,688 36,688 - - Separate account assets 249,095 249,095 - 249,095 - Financial instruments recorded as liabilities: Separate account liabilities 249,095 249,095 - 249,095 - 1 The following table summarizes the carrying amounts and fair values of the Company’s financial instruments for which it is practical to estimate by fair value measurement level at December 31, 2020: Carrying Amount Fair Value Level 1 Level 2 Level 3 Financial instruments recorded as assets: Bonds and notes $ 30,309 $ 33,449 $ - $ 32,459 $ 990 Cash equivalents 1 24,336 24,336 24,336 - - Separate account assets 230,314 230,314 - 230,314 - Financial instruments recorded as liabilities: Separate account liabilities 230,314 230,314 - 230,314 - 1 The carrying amount for cash approximates fair value due to the short-term nature and has been excluded from the fair value tables above. The following methods and assumptions were used by the Company in estimating its fair value disclosures for financial instruments by fair value hierarchy level: Level 1 Measurements Cash equivalents: Level 2 Measurements Bonds and notes: Separate account assets and liabilities: Level 3 Measurements Bonds and notes	Note 4: Fair Value The Company uses fair value measurements to record fair value of certain assets and liabilities and to estimate fair value of financial instruments not recorded at fair value but required to be disclosed at fair value. Certain financial instruments, such as insurance policy liabilities other than deposit-type contracts, are excluded from the fair value disclosure requirements. The Company uses fair value measurements obtained using observable inputs or internally determined estimates to estimate fair value. Valuation Hierarchy Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The fair value hierarchy prioritizes the inputs to valuation techniques used to measure fair value of assets and liabilities into three broad levels. The Company has categorized its financial instruments, based on the degree of subjectivity inherent in the valuation technique, as follows: ● Level 1: Inputs are directly observable and represent quoted prices for identical assets or liabilities in active markets the Company has the ability to access at the measurement date. ● Level 2: All significant inputs are observable, either directly or indirectly, other than quoted prices included in Level 1, for the asset or liability. This includes: (i) quoted prices for similar instruments in active markets, (ii) quoted prices for identical or similar instruments in markets that are not active, (iii) inputs other than quoted prices that are observable for the instruments and (iv) inputs that are derived principally from or corroborated by observable market data by correlation or other means. ● Level 3: One or more significant inputs are unobservable and reflect the Company’s estimates of the assumptions that market participants would use in pricing the asset or liability, including assumptions about risk. For purposes of determining the fair value of the Company’s assets and liabilities, observable inputs are those inputs used by market participants in valuing financial instruments, which are developed based on market data obtained from independent sources. In the absence of sufficient observable inputs, unobservable inputs, reflecting the Company’s estimates of the assumptions market participants would use in valuing financial assets and liabilities, are developed based on the best information available in the circumstances. The Company uses prices and inputs that are current as of the measurement date. In some instances, valuation inputs used to measure fair value fall into different levels of the fair value hierarchy. The category level in the fair value hierarchy is determined based on the lowest level input that is significant to the fair value measurement in its entirety. The hierarchy requires the use of market observable information when available for measuring fair value. The availability of observable inputs varies by investment. In situations where the fair value is based on inputs that are unobservable in the market or on inputs from inactive markets, the determination of fair value requires more judgment and is subject to the risk of variability. The degree of judgment exercised by the Company in determining fair value is typically greatest for investments categorized in Level 3. Transfers in and out of level categorizations are reported as having occurred at the end of the quarter in which the transfer occurred. Therefore, for all transfers into Level 3, all realized gains and losses and all changes in unrealized gains and losses in the fourth quarter are not reflected in the Level 3 rollforward table. Valuation Process The Company is responsible for the determination of fair value and the supporting assumptions and methodologies. The Company gains assurance on the overall reasonableness and consistent application of valuation methodologies and inputs and compliance with accounting standards through the execution of various processes and controls designed to provide assurance that assets and liabilities are appropriately valued. The Company has policies and guidelines that require the establishment of valuation methodologies and consistent application of such methodologies. These policies and guidelines govern the use of inputs and price source hierarchies and provide controls around the valuation processes. These controls include appropriate review and analysis of prices against market activity or indicators of reasonableness, approval of price source changes, price overrides, methodology changes and classification of fair value hierarchy levels. The valuation policies and guidelines are reviewed and updated as appropriate. For fair values received from third parties or internally estimated, the Company’s processes are designed to provide assurance that the valuation methodologies and inputs are appropriate and consistently applied, the assumptions are reasonable and consistent with the objective of determining fair value, and the fair values are appropriately recorded. The Company performs procedures to understand and assess the methodologies, process and controls of valuation service providers. In addition, the Company may validate the reasonableness of fair values by comparing information obtained from valuation service providers or brokers to other third-party valuation sources for selected securities. When using internal valuation models, these models are developed by the Company’s investment group using established methodologies. The models, including key assumptions, are reviewed with various investment sector professionals, accounting, operations, compliance, and risk management professionals. In addition, when fair value estimates involve a high degree of subjectivity, the Company validates them through reviews by members of management who have relevant expertise and who are independent of those charged with executing investment transactions. Transfers Between Levels There were no transfers between levels during the years ended December 31, 2020 and 2019. Determination of Fair Values The following table summarizes the Company’s assets and liabilities that are measured at fair value as of December 31, 2020. Assets, at Fair Value Level 1 Level 2 Level 3 Total Cash equivalents $ 24,336 $ - $ - $ 24,336 Separate account assets - 230,314 - 230,314 Total assets at fair value $ 24,336 $ 230,314 $ - $ 254,650 Liabilities, at Fair Value Level 1 Level 2 Level 3 Total Separate account liabilities $ - $ 230,314 $ - $ 230,314 Total liabilities at fair value $ - $ 230,314 $ - $ 230,314 The following table summarizes the Company’s assets and liabilities that are measured at fair value as of December 31, 2019. Assets, at Fair Value Level 1 Level 2 Level 3 Total Cash equivalents $ 28,122 $ - $ - $ 28,122 Separate account assets - 169,654 - 169,654 Total assets at fair value $ 28,122 $ 169,654 $ - $ 197,776 Liabilities, at Fair Value Level 1 Level 2 Level 3 Total Separate account liabilities $ - $ 169,654 $ - $ 169,654 Total liabilities at fair value $ - $ 169,654 $ - $ 169,654 Fair Value Measurement of Financial Instruments Accounting standards require disclosure of fair value information about certain on and off-balance sheet financial instruments for which it is practicable to estimate that value. The following table summarizes the carrying amounts and fair values of the Company’s financial instruments for which it is practicable to estimate fair value by fair value measurement level at December 31, 2020: Carrying Amount Fair Value Level 1 Level 2 Level 3 Financial instruments recorded as assets: Bonds and notes $ 30,309 $ 33,449 $ - $ 32,459 $ 990 Cash equivalents¹ 24,336 24,336 24,336 - - Separate account assets 230,314 230,314 - 230,314 - Financial instruments recorded as liabilities: Separate account liabilities 230,314 230,314 - 230,314 - 1 Excludes cash of $2,074 that is not subject to fair value accounting. The following table summarizes the carrying amounts and fair values of the Company’s financial instruments for which it is practical to estimate by fair value measurement level at December 31, 2019: Carrying Amount Fair Value Level 1 Level 2 Level 3 Financial instruments recorded as assets: Bonds and notes $ 34,412 $ 35,745 $ - $ 35,745 $ - Cash equivalents 1 28,122 28,122 28,122 - - Separate account assets 169,654 169,654 - 169,654 - Financial instruments recorded as liabilities: Separate account liabilities 169,654 169,654 - 169,654 - 1 Excludes cash of $915 that is not subject to fair value accounting. The carrying amount for cash approximates fair value due to the short-term nature and has been excluded from the fair value tables above. The following methods and assumptions were used by the Company in estimating its fair value disclosures for financial instruments by fair value hierarchy level: Level 1 Measurements Cash equivalents: Level 2 Measurements Bonds and notes: Separate account assets and liabilities: Level 3 Measurements Bonds and notes

Income Tax

Income Tax	3 Months Ended	12 Months Ended
	Mar. 31, 2021	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Income Tax	Note 5: Income Tax The Company has entered into a tax sharing agreement with CMHC and its subsidiaries. The agreement provides for the allocation of tax expense based on each subsidiary’s contribution to the consolidated federal income tax liability. Pursuant to the agreement, subsidiaries that have incurred losses are reimbursed regardless of the utilization of the loss in the current year. Reconciliation to U.S. Tax Rate The total statutory provision for income taxes for the three months ended March 31, 2021 and 2020 differs from the amount computed by applying the U. S. federal corporate income tax rate of 21% to income before federal income taxes plus gross realized capital gains (losses) due to the items listed in the following reconciliation: March 31, March 31, 2021 2020 Tax expense computed at federal corporate rate $ 43 $ 54 Foreign tax credit (8 ) (10 ) Income tax (benefit) related to prior years (21 ) (34 ) Nonadmitted assets (142 ) 96 Interest maintenance reserve amortization 5 6 Dividends received deductions (19 ) (21 ) Total statutory income taxes $ (142 ) $ 91 Federal income tax expense $ 199 $ 46 Change in net deferred income tax (341 ) 45 Total statutory income taxes $ (142 ) $ 91	Note 5: Income Tax The Company is included in the consolidated federal income tax return of CMHC along with the following affiliates, which are also subsidiaries of CMHC: CMFG Life, CUMIS Mortgage Reinsurance Company, CUMIS Insurance Society, Inc., CUMIS Specialty Insurance Company, Inc., CUMIS Vermont, Inc., CUNA Mutual Investment Corporation, CUNA Mutual Insurance Agency, Inc., CUNA Brokerage Services, Inc., International Commons, Inc., MEMBERS Capital Advisors, Inc., CPI Qualified Plan Consultants, Inc., TruStage Financial Group, Inc., CUNA Mutual Global Holdings, Inc., CuneXus Solutions, Inc. and ForeverCar Holdings, Inc. The Company has entered into a tax sharing agreement with CMHC and its subsidiaries. The agreement provides for the allocation of tax expense based on each subsidiary’s contribution to the consolidated federal income tax liability. Pursuant to the agreement, subsidiaries that have incurred losses are reimbursed regardless of the utilization of the loss in the current year. Current income tax expense (benefit) consists of the following for the years ended December 31: 2020 2019 2018 Federal income tax expense (benefit) on operations $ 256 $ (59 ) $ (74 ) Federal income tax expense on realized capital gains (losses) 100 23 154 Federal income tax expense (benefit) $ 356 $ (36 ) $ 80 The 2020 change in net deferred income tax is comprised of the following: December 31, December 31, 2020 2019 Change Adjusted gross deferred tax assets $ 1,108 $ 1,010 $ 98 Total deferred tax liabilities (197 ) (340 ) 143 Net deferred tax asset (excluding nonadmitted) $ 911 $ 670 $ 241 Tax effect of unrealized capital gains and losses, unrealized foreign exchange capital gains and losses, and changes as a result of other surplus adjustments - Change in net deferred income tax $ 241 The 2019 change in net deferred income tax is comprised of the following: December 31, December 31, 2019 2018 Change Adjusted gross deferred tax assets $ 1,010 $ 828 $ 182 Total deferred tax liabilities (340 ) (367 ) 27 Net deferred tax asset (excluding nonadmitted) $ 670 $ 461 $ 209 Tax effect of unrealized capital gains and losses, unrealized foreign exchange capital gains and losses, and changes as a - Change in net deferred income tax $ 209 The 2018 change in net deferred income tax is comprised of the following: December 31, December 31, 2018 2017 Change Adjusted gross deferred tax assets $ 828 $ 596 $ 232 Total deferred tax liabilities (367 ) (498 ) 131 Net deferred tax asset (excluding nonadmitted) $ 461 $ 98 363 Tax effect of unrealized capital gains and losses, unrealized foreign exchange capital gains and losses, and changes as a result of other surplus adjustments 24 Change in net deferred income tax $ 387 Reconciliation to U.S. Tax Rate The total statutory provision for income taxes for the years ended December 31 differs from the amount computed by applying the U. S. federal corporate income tax rate of 21% to income before federal income taxes plus gross realized capital gains (losses) due to the items listed in the following reconciliation: 2020 2019 2018 Tax expense computed at federal corporate rate $ 116 $ 258 $ 108 Foreign tax credit (32 ) (40 ) - Income tax (benefit) related to prior years (82 ) (159 ) (240 ) Nonadmitted assets 161 (247 ) (134 ) Interest maintenance reserve amortization 26 29 33 Dividends received deductions (76 ) (87 ) (59 ) Other 3 2 (15 ) Total statutory income taxes $ 116 $ (244 ) $ (307 ) Federal income tax expense (benefit) $ 356 $ (36 ) $ 80 Change in net deferred income tax (240 ) (208 ) (387 ) Total statutory income taxes $ 116 $ (244 ) $ (307 ) Deferred Income Taxes The components of the net deferred tax asset at December 31 are as follows: December 31, 2020 December 31, 2019 Change Ordinary Capital Total Ordinary Capital Total Ordinary Capital Total Gross deferred tax assets $ 1,108 $ - $ 1,108 $ 1,010 $ - $ 1,010 $ 98 $ - $ 98 Statutory valuation allowance adjustment - - - - - - - - - Adjusted gross deferred tax assets 1,108 - 1,108 1,010 - 1,010 98 - 98 Deferred tax assets nonadmitted (656 ) - (656 ) - - - (656 ) - (656 ) Admitted deferred tax assets 452 - 452 1,010 - 1,010 (558 ) - (558 ) Deferred tax liabilities - (197 ) (197 ) - (340 ) (340 ) - 143 143 Net admitted deferred tax assets $ 452 $ (197 ) $ 255 $ 1,010 $ (340 ) $ 670 $ (558 ) $ 143 $ (415 ) The nonadmitted deferred tax asset increased $656 in 2020 and did not change in 2019. There are no known deferred tax liabilities not recognized. Gross deferred tax assets are reduced by a statutory valuation allowance adjustment if it is more likely than not that some portion or all of the deferred tax asset will not be realized. Based on the Company’s assessment, no valuation allowance was required as of December 31, 2020 and 2019. The tax effects of temporary differences that give rise to the significant portions of the deferred tax assets and liabilities at December 31 are as follows: 2020 2019 Change Ordinary deferred tax assets: Life reserves method change $ 4 $ 7 $ (3 ) Investments 6 - 6 Deferred acquisition costs 807 479 328 Miscellaneous nonadmitted assets 223 384 (161 ) Other - accrued general expense 68 140 (72 ) Subtotal ordinary deferred tax assets 1,108 1,010 98 Nonadmitted ordinary deferred tax assets (656 ) - (656 ) Admitted ordinary deferred tax assets 452 1,010 (558 ) Admitted deferred tax assets 452 1,010 (558 ) Capital deferred tax liabilities: Investments (197 ) (340 ) 143 Subtotal capital deferred tax liabilities (197 ) (340 ) 143 Total deferred tax liabilities (197 ) (340 ) 143 Net admitted deferred tax asset $ 255 $ 670 $ (415 ) Deferred Tax Asset Admission Calculation The components of the deferred tax asset admission calculation at December 31 are as follows: December 31, 2020 December 31, 2019 Change Ordinary Capital Total Ordinary Capital Total Ordinary Capital Total (a) Federal income taxes paid in prior years recoverable through loss carrybacks $ - $ - $ - $ - $ - $ - $ - $ - $ - (b) Adjusted gross deferred tax assets expected to be realized after application of the threshold limitation; the lesser of (i) or (ii): 255 - 255 680 - 680 (425 ) - (425 ) (i) Adjusted gross deferred tax assets expected to be realized following the balance sheet date 255 - 255 680 - 680 (425 ) - (425 ) (ii) Adjusted gross deferred tax assets allowed per limitation threshold - - 6,067 - - 5,898 - - 169 (c) Adjusted gross deferred tax assets offset by gross deferred tax liabilities 197 - 197 330 - 330 (133 ) - (133 ) Admitted deferred tax assets $ 452 $ - $ 452 $ 1,010 $ - $ 1,010 $ (558 ) $ - $ (558 ) The amounts calculated in (b)(i) and (b)(ii) in the table above are based on the following information: 2020 2019 Ratio percentage used to determine recovery period and threshold limitation amount (RBC reporting entity) 10514 % 10916 % Recovery period used in (b)(i) 3 years 3 years Percentage of adjusted capital and surplus used in (b)(ii) 15 % 15 % Amount of adjusted capital and surplus used in (b)(ii) $ 40,444 $ 39,319 No tax planning strategies were used in the calculation of adjusted gross deferred tax assets or net admitted adjusted gross deferred tax assets during 2020 and 2019. Other Tax Items As of December 31, 2020, the Company did not have any federal capital loss, operating loss, or credit carryforwards. The Company has no taxes incurred in 2020, 2019, and 2018 that are available for recoupment in the event of future capital losses. The Company did not have any protective tax deposits under Section 6603 of the Internal Revenue Code. The Company did not have any tax contingencies as of December 31, 2020 and 2019 and has no tax loss contingencies for which it is reasonably possible that the total liability will significantly increase within twelve months of the reporting date. The Company recognizes interest and penalties accrued related to tax contingencies in income tax expense in the statutory basis statements of operations. During the years ended December 31, 2020, 2019 and 2018, the Company did not recognize any addition or reduction in interest and penalties. The Company had accrued $2 and $2 for the payment of interest and penalties at December 31, 2020 and 2019, respectively. The Company is included in a consolidated U.S. federal income tax return filed by CMHC. The Company also files income tax returns in various states. The Company is subject to tax audits. These audits may result in additional tax liabilities. For the major jurisdictions where it operates, the Company is generally no longer subject to income tax examination by tax authorities for the years ended before 2014. Income tax liabilities have settled with the U.S. federal taxing authority (“IRS”) for tax year 2015, and the statute of limitations is closed. Amended refund claims filed for tax years 2010 and 2012 are currently under examination as part of the Joint Committee on Taxation approval process.

Related Party Transactions

Related Party Transactions	3 Months Ended	12 Months Ended
	Mar. 31, 2021	Dec. 31, 2020
Related Party Transactions [Abstract]
Related Party Transactions	Note 6: Related Party Transactions In the normal course of business, the Company has various lending and other transactions with related entities. In certain circumstances, expenses are shared between the companies. Expenses incurred that are specifically identifiable with a particular company are borne by that company; other expenses are allocated among the companies on the basis of time and usage studies. Amounts due from intercompany activity are generally settled monthly. The Company reimbursed CMFG Life $13,085 and $11,358 in the three months ended March 31, 2021 and 2020, respectively. CMFG Life provides significant services required in the conduct of the Company’s operations pursuant to an agreement. CMFG Life allocates expenses to the Company on the basis of estimated time spent by employees of CMFG Life on Company matters and the use of operational resources. The Company believes the allocations of expenses are reasonable, and that the results of the Company’s operations may have materially differed in a negative manner from the results reflected in the condensed statutory basis financial statements if the Company did not have this relationship. Significant amounts due to/from affiliates are shown in the following table: March 31, December 31, 2021 2020 Due to the Company: CMFG Life $ - $ 218 Other 25 5 Total $ 25 $ 223 Due from the Company: CMFG Life $ 15,711 $ 14,680 CUNA Brokerage Services, Inc. (“CBSI”) 4,631 3,513 Other 149 136 Total $ 20,491 $ 18,329 MEMBERS Capital Advisors, Inc., (“MCA”) which is 100% owned by CMIC, manages substantially all of the Company’s invested assets in accordance with policies, directives, and guidelines established by the Company’s upstream parent, CMFG Life. The Company recorded MCA investment management fees totaling $14 and $15 for the three months ended March 31, 2021 and 2020, respectively, which are included in net investment income on the unaudited condensed statutory basis statements of operations. The Company utilizes CBSI, which is 100% owned by CMIC, to distribute its annuity products and recorded commission expense for this service of $10,970 and $9,401 for the three months ended March 31, 2021 and 2020, respectively, which is included in insurance taxes, licenses, fees and commissions on the unaudited condensed statutory basis statements of operations. Commissions paid to non-affiliates totaled $9,972 and $4,405 for the three months ended March 31, 2021 and 2020, respectively, which are included in insurance taxes, licenses, fees and commissions on the unaudited condensed statutory basis statements of operations.	Note 6: Related Party Transactions In the normal course of business, the Company has various lending and other transactions with related entities. In certain circumstances, expenses are shared between the companies. Expenses incurred that are specifically identifiable with a particular company are borne by that company; other expenses are allocated among the companies on the basis of time and usage studies. Amounts due from intercompany activity are generally settled monthly. The Company reimbursed CMFG Life $47,364, $38,579 and $30,131 in 2020, 2019, and 2018, respectively. Significant amounts due to/from affiliates are shown in the following table: 2020 2019 Due to the Company: CMFG Life $ 218 $ - Other 5 8 Total $ 223 $ 8 Due from the Company: CUNA Brokerage Services, Inc. $ 3,513 $ 3,383 CMFG Life 14,680 5,093 Other 136 150 Total $ 18,329 $ 8,626 MEMBERS Capital Advisors, Inc., (“MCA”) which is 100% owned by CMIC, manages substantially all of the Company’s invested assets in accordance with policies, directives, and guidelines established by the Company’s upstream parent, CMFG Life. The Company recorded MCA investment management fees totaling $54, $54 and $58 in 2020, 2019, and 2018, respectively, which are included in net investment income on the statutory basis statements of operations. Significant capital contributions from affiliates are shown in the following table: 2020 2019 2018 Capital contribution to MLIC from: CMIC $ - $ - $ 20,653 Total $ - $ - $ 20,653 The Company utilizes CBSI, which is 100% owned by CMIC, to distribute its annuity products and recorded commission expense for this service of $36,884, $34,180 and $29,996 in 2020, 2019, and 2018, respectively, which is included in insurance taxes, licenses, fees and commissions. Commissions paid to non-affiliates totaled $18,715, $12,994 and $8,136 in 2020, 2019, and 2018, respectively, which are included in insurance taxes, licenses, fees and commissions on the statutory basis statements of operations.

Reinsurance

Reinsurance	3 Months Ended	12 Months Ended
	Mar. 31, 2021	Dec. 31, 2020
Reinsurance Recoverables, Including Reinsurance Premium Paid [Abstract]
Reinsurance	Note 7: Reinsurance The Company entered into a coinsurance and modified coinsurance agreement with its affiliate, CMFG Life, to cede 100% of its life, accident and health, and annuity business. The Company entered into the coinsurance and modified coinsurance agreement for the purpose of limiting its exposure to loss on any one single insured, diversifying its risk and limiting its overall financial exposure, to certain products, and to meet its overall financial objectives. The Company retains the risk of loss in the event that CMFG Life is unable to meet the obligations assumed under the reinsurance agreements. The Company cedes 100% of its annuity business to its parent, CMFG Life, which is accounted for as reinsurance ceded under statutory accounting. These contracts are accounted for as investment-type contracts under GAAP; as such, deposits are not reported as revenues for GAAP. Consequently, deposit accounting is used to account for the reinsurance agreement for GAAP. The following table shows the effect of reinsurance on premiums, benefits, and surrenders, and increase in policy reserves for the three months ended March 31, 2021 and 2020. March 31, March 31, 2021 2020 Premiums earned: Direct $ 336,936 $ 308,418 Ceded to affiliates (336,936 ) (308,418 ) Premiums earned, net of reinsurance $ - $ - Contract charges Direct (920 ) 313 Ceded to affiliates 920 (313 ) Contract charges, net of reinsurance $ - $ - Benefits and surrender expenses: Direct $ 113,528 $ 67,365 Ceded to affiliates (113,528 ) (67,365 ) Benefits and surrender expenses, net of reinsurance $ - $ - Increase in policy reserves: Direct $ 2,285 $ (1,420 ) Ceded to affiliates (2,285 ) 1,420 Increase in policy reserves, net of reinsurance $ - $ -	Note 7: Reinsurance The Company entered into a coinsurance and modified coinsurance agreement with its affiliate, CMFG Life, to cede 100% of its life, accident and health, and annuity business. The Company entered into the coinsurance and modified coinsurance agreement for the purpose of limiting its exposure to loss on any one single insured, diversifying its risk and limiting its overall financial exposure, to certain products, and to meet its overall financial objectives. The Company retains the risk of loss in the event that CMFG Life is unable to meet the obligations assumed under the reinsurance agreements. The Company cedes 100% of its annuity business to its parent, CMFG Life, which is accounted for as reinsurance ceded under statutory accounting. These contracts are accounted for as investment-type contracts under GAAP; as such, deposits are not reported as revenues for GAAP. Consequently, deposit accounting is used to account for the reinsurance agreement for GAAP. The following table shows the effect of reinsurance on premiums, benefits, and surrenders, and increase in policy reserves for 2020, 2019, and 2018. 2020 2019 2018 Premiums earned: Direct $ 1,170,733 $ 995,842 $ 830,582 Ceded to affiliates (1,170,733 ) (995,842 ) (830,582 ) Premiums earned, net of reinsurance $ - $ - $ - Contract charges Direct (836 ) 1,865 2,106 Ceded to affiliates 836 (1,865 ) (2,106 ) Contract charges, net of reinsurance $ - $ - $ - Benefits and surrender expenses: Direct $ 348,428 $ 158,793 $ 94,123 Ceded to affiliates (348,428 ) (158,793 ) (94,123 ) Benefits and surrender expenses, net of reinsurance $ - $ - $ - Increase in policy reserves: Direct $ (2,136 ) $ 3,630 $ 2,536 Ceded to affiliates 2,136 (3,630 ) (2,536 ) Increase in policy reserves, net of reinsurance $ - $ - $ - Policy reserves and claim liabilities are stated net of reinsurance balances ceded of $39,749 and $40,092 in 2020 and 2019, respectively. The Company receives a commission equal to 100% of its actual expenses incurred for the Company’s business in its single premium deferred index annuity product, flexible premium deferred variable and index linked annuity product, and single premium deferred modified guaranteed index annuity product, which was $102,791, $86,481 and $70,391 for the years ended December 31, 2020, 2019, and 2018, respectively. All remaining commissions relate to the Company’s life and health products and total $506, ($668) and $766 for the years ended December 31, 2020, 2019, and 2018, respectively.

Annuity Reserves and Deposit-Ty

Annuity Reserves and Deposit-Type Liabilities	12 Months Ended
	Dec. 31, 2020
Annuity Reserves And Deposit-type Liabilities
Annuity Reserves and Deposit-Type Liabilities	Note 8: Annuity Reserves and Deposit-Type Liabilities The following tables show the withdrawal characteristics of the Company’s annuity reserves and deposit-type liabilities at December 31, 2020, which are reported as policy reserves on annuity contracts and liability for deposit-type contracts are as follows: Individual Annuities Separate Separate General Account with Account % of December 31, 2020 Account Guarantees Nonguaranteed Total Total Subject to discretionary withdrawal -lump sum: With market value adjustment $ - $ 5,050,170 $ - $ 5,050,170 94.6 % At book value less surrender charge of 5% or more 2,851 - - 2,851 0.1 % At fair value - - 220,969 220,969 4.1 % Total with adjustment or at fair value 2,851 5,050,170 220,969 5,273,990 98.8 % At book value with minimal or no charge adjustment 205 59,534 - 59,739 1.1 % Not subject to discretionary withdrawal 7,074 - - 7,074 0.1 % Gross annuity reserves and deposit liabilities 10,130 5,109,704 220,969 5,340,803 100.0 % Reinsurance ceded 10,130 5,109,704 - 5,119,834 Total annuity reserves and deposit liabilities $ - $ - $ 220,969 $ 220,969 Deposit-Type Contracts Separate Separate General Account with Account % of December 31, 2020 Account Guarantees Nonguaranteed Total Total Subject to discretionary withdrawal - lump sum: With market value adjustment $ - $ - $ - $ - 0.0 % At book value less surrender charge of 5% or more - - - - 0.0 % At fair value - - - - 0.0 % Total with adjustment or at fair value - - - - 0.0 % At book value with minimal or no charge adjustment - - - - 0.0 % Not subject to discretionary withdrawal 4,473 - - 4,473 100.0 % Gross annuity reserves and deposit liabilities 4,473 - - 4,473 100.0 % Reinsurance ceded 4,473 - - 4,473 Total annuity reserves and deposit liabilities $ - $ - $ - $ - The following table shows policy liabilities associated with the Company’s annuity products: 2020 Annuity reserves from the separate accounts $ 220,969 Total annuity reserves $ 220,969 The following table shows life reserves by withdrawal characteristics at December 31, 2020: General Account Separate Account - Account Value Cash Value Reserve Account Value Cash Value Reserve Subject to discretionary withdrawal, surrender values, or policy loans: Term policies with cash value $ - $ 38 $ 68 $ - $ - $ - Universal life 2,649 2,649 2,704 - - - Other permanent cash value life insurance - 11,474 12,353 - - - Miscellaneous reserves - 36 34 - - - Not subject to discretionary withdrawal or no cash values: Term policies with cash value - - 4,465 - - - Accidental death benefits - - 7 - - - Disability - active lives - - 3 - - - Disability - disabled lives - - 113 - - - Miscellaneous reserves - - 64 - - - Gross reserves before reinsurance 2,649 14,197 19,811 - - - Ceded reinsurance 2,649 14,197 19,811 - - - Net reserves $ - $ - $ - $ - $ - $ - The following tables show the withdrawal characteristics of the Company’s annuity reserves and deposit liabilities at December 31, 2019, which are reported as policy reserves on annuity contracts and liability for deposit-type contracts are as follows: Individual Annuities Separate Separate General Account with Account % of December 31, 2019 Account Guarantees Nonguaranteed Total Total Subject to discretionary withdrawal -lump sum: With market value adjustment $ - $ 4,076,413 $ - $ 4,076,413 95.9 % At book value less surrender charge of 5% or more 6,019 - - 6,019 0.1 % At fair value - - 161,987 161,987 3.9 % Total with adjustment or at fair value 6,019 4,076,413 161,987 4,244,419 99.9 % At book value with minimal or no charge adjustment 327 - - 327 0.0 % Not subject to discretionary withdrawal 4,863 - - 4,863 0.1 % Gross annuity reserves and deposit liabilities 11,209 4,076,413 161,987 4,249,609 100.0 % Reinsurance ceded 11,209 4,076,413 - 4,087,622 Total annuity reserves and deposit liabilities $ - $ - $ 161,987 $ 161,987 Deposit-Type Contracts Separate Separate General Account with Account % of December 31, 2019 Account Guarantees Nonguaranteed Total Total Subject to discretionary withdrawal -lump sum: With market value adjustment $ - $ - $ - $ - 0.0 % At book value less surrender charge of 5% or more - - - - 0.0 % At fair value - - - - 0.0 % Total with adjustment or at fair value - - - - 0.0 % At book value with minimal or no charge adjustment - - - - 0.0 % Not subject to discretionary withdrawal 3,873 - - 3,873 100.0 % Gross annuity reserves and deposit liabilities 3,873 - - 3,873 100.0 % Reinsurance ceded 3,873 - - 3,873 Total annuity reserves and deposit liabilities $ - $ - $ - $ - The following table shows policy liabilities associated with the Company’s annuity products: 2019 Annuity reserves from the separate accounts $ 161,987 Total annuity reserves $ 161,987 The following table shows life reserves by withdrawal characteristics at December 31, 2019: General Account Separate Account - Account Value Cash Value Reserve Account Value Cash Value Reserve Subject to discretionary withdrawal, surrender values, or policy loans: Term policies with cash value $ - $ 48 $ 85 $ - $ - $ - Universal life 2,816 2,816 2,878 - - - Other permanent cash value life insurance - 11,812 12,712 - - - Miscellaneous reserves - 35 35 - - - Not subject to discretionary withdrawal or no cash values: Term policies with cash value - - 4,954 - - - Accidental death benefits - - 7 - - - Disability - active lives - - 3 - - - Disability - disabled lives - - 122 - - - Miscellaneous reserves - - 72 - - - Gross reserves before reinsurance 2,816 14,711 20,868 - - - Ceded reinsurance 2,816 14,711 20,868 - - - Net reserves $ - $ - $ - $ - $ - $ -

Statutory Financial Data and Di

Statutory Financial Data and Dividend Restrictions	12 Months Ended
	Dec. 31, 2020
Statutory Financial Data And Dividend Restrictions
Statutory Financial Data and Dividend Restrictions	Note 9: Statutory Financial Data and Dividend Restrictions Risk-based capital (“RBC”) requirements promulgated by the NAIC and adopted by the Insurance Department require U.S. life insurers to maintain minimum capitalization levels that are determined based on formulas incorporating asset risk, insurance risk, and business risk. The adequacy of the Company’s actual capital is evaluated by a comparison to the RBC results, as determined by the formula. At December 31, 2020 and 2019, the Company’s adjusted capital exceeded the RBC minimum requirements, as required by the NAIC. The Company is subject to statutory regulations as to maintenance of policyholders’ surplus and payment of stockholder dividends. Generally, dividends to a parent must be reported to the appropriate state regulatory authority in advance of payment and extraordinary dividends, as defined by statutes, require regulatory approval. The Company could pay $4,070 in stockholder dividends in 2021 without the approval of the Insurance Department.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended	12 Months Ended
	Mar. 31, 2021	Dec. 31, 2020
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 8: Commitments and Contingencies Insurance Guaranty Funds The Company is liable for guaranty fund assessments related to certain unaffiliated insurance companies that have become insolvent during 2021 and prior years. The Company includes a provision for all known assessments that will be levied as well as an estimate of amounts that it believes will be assessed in the future relating to past insolvencies. The Company has established a liability of $132 at March 31, 2021 and December 31, 2020 for guaranty fund assessments, respectively, which is reported in other liabilities in the unaudited condensed statutory basis statements of admitted assets, liabilities and capital and surplus. The Company also estimates the amount recoverable from future premium tax payments related to these assessments and has not established an asset as of March 31, 2021 and December 31, 2020 since it does not believe any amount will be recoverable. Recoveries of assessments from premium taxes are generally made over a five-year period. Legal Matters Various legal and regulatory actions, including state market conduct exams and federal tax audits, are currently pending that involve the Company and specific aspects of its conduct of business. Like other members of the insurance industry, the Company is routinely involved in a number of lawsuits and other types of proceedings, some of which may involve claims for substantial or indeterminate amounts. These actions are based on a variety of issues and involve a range of the Company’s practices. The ultimate outcome of these disputes is unpredictable. These matters in some cases raise difficult and complicated factual and legal issues and are subject to many uncertainties and complexities, including but not limited to, the underlying facts of each matter; novel legal issues; variations between jurisdictions in which matters are being litigated, heard or investigated; differences in applicable laws and judicial interpretations; the length of time before many of these matters might be resolved by settlement, through litigation or otherwise and, in some cases, the timing of their resolutions relative to other similar matters involving other companies. In connection with regulatory examinations and proceedings, government authorities may seek various forms of relief, including penalties, restitution and changes in business practices. The Company may not be advised of the nature and extent of relief sought until the final stages of the examination or proceeding. In the opinion of management, the ultimate liability, if any, resulting from all such pending actions will not materially affect the unaudited condensed statutory basis financial statements of the Company.	Note 10: Commitments and Contingencies Insurance Guaranty Funds The Company is liable for guaranty fund assessments related to certain unaffiliated insurance companies that have become insolvent during 2020 and prior years. The Company includes a provision for all known assessments that will be levied as well as an estimate of amounts that it believes will be assessed in the future relating to past insolvencies. The Company has established a liability of $132 and $116 at December 31, 2020 and 2019, respectively, for guaranty fund assessments. The Company also estimates the amount recoverable from future premium tax payments related to these assessments and has not established an asset as of December 31, 2020 and 2019 since it does not believe any amount will be recoverable. Recoveries of assessments from premium taxes are generally made over a five-year period. Legal Matters Various legal and regulatory actions, including state market conduct exams and federal tax audits, are currently pending that involve the Company and specific aspects of its conduct of business. Like other members of the insurance industry, the Company is routinely involved in a number of lawsuits and other types of proceedings, some of which may involve claims for substantial or indeterminate amounts. These actions are based on a variety of issues and involve a range of the Company’s practices. The ultimate outcome of these disputes is unpredictable. These matters in some cases raise difficult and complicated factual and legal issues and are subject to many uncertainties and complexities, including but not limited to, the underlying facts of each matter; novel legal issues; variations between jurisdictions in which matters are being litigated, heard or investigated; differences in applicable laws and judicial interpretations; the length of time before many of these matters might be resolved by settlement, through litigation or otherwise and, in some cases, the timing of their resolutions relative to other similar matters involving other companies. In connection with regulatory examinations and proceedings, government authorities may seek various forms of relief, including penalties, restitution and changes in business practices. The Company may not be advised of the nature and extent of relief sought until the final stages of the examination or proceeding. In the opinion of management, the ultimate liability, if any, resulting from all such pending actions will not materially affect the statutory basis financial statements of the Company.

Unassigned Surplus

Unassigned Surplus	12 Months Ended
	Dec. 31, 2020
Unassigned Surplus
Unassigned Surplus	Note 11: Unassigned Surplus Unassigned surplus at December 31 considers the accumulated balances for the following items: 2020 2019 Nonadmitted assets: Net deferred tax asset $ 656 $ - Prepaid expenses 491 - Interest maintenance reserve 907 1,029 Other 574 1,831 Total nonadmitted assets $ 2,628 $ 2,860 Asset valuation reserve $ - $ 40

Separate Accounts

Separate Accounts	12 Months Ended
	Dec. 31, 2020
Separate Accounts
Separate Accounts	Note 12: Separate Accounts Separate accounts represent funds that are invested to support the Company’s obligations under the flexible premium variable and index linked deferred annuities policies. Information relating to the Company’s flexible premium variable separate account business as of December 31 is set forth in the tables below: 2020 2019 Indexed with Guarantees Non-Guaranteed Indexed with Guarantees Non-Guaranteed Reserves with assets held: At fair value $ - $ 220,969 $ - $ 161,987 At amortized cost - - - - Total $ - $ 220,969 $ - $ 161,987 Reserves with assets subject to discretionary withdrawal: At fair value $ - $ 220,969 $ - $ 161,987 With fair value adjustment - - - - Not subject to discretionary withdrawal - - - - Total $ - $ 220,969 $ - $ 161,987 The following table shows the premiums and deposits for flexible premium variable contracts recorded in the separate accounts for the years ended December 31: 2020 2019 Indexed with Guarantees Non-Guaranteed Indexed with Guarantees Non-Guaranteed Non-guaranteed premiums, considerations and deposits received for separate account policies $ - $ 220,969 $ - $ 161,987 Total $ - $ 220,969 $ - $ 161,987 Details of the net transfers to separate accounts for all annuity contracts are shown in the table below for the years ended: 2020 2019 Indexed with Guarantees Non-Guaranteed Indexed with Guarantees Non-Guaranteed Transfers to separate accounts $ - $ 1,170,261 $ - $ 990,809 Transfers from separate accounts - (1,141,308 ) - (952,622 ) Valuation adjustment - 2,955 - 2,131 Net transfers to separate accounts $ - $ 31,908 $ - $ 40,318

Subsequent Events

Subsequent Events	3 Months Ended	12 Months Ended
	Mar. 31, 2021	Dec. 31, 2020
Subsequent Events [Abstract]
Subsequent Events	Note 9: Subsequent Events The Company evaluated subsequent events through the date the unaudited condensed statutory basis financial statements were issued. During this period, there were no subsequent events that required adjustment to or disclosure in the accompanying unaudited condensed statutory basis financial statements.	Note 13: Subsequent Events The Company evaluated subsequent events from December 31, 2020 through March 4, 2021, the date the statutory basis financial statements were available for issuance. During this period, there were no significant subsequent events that require adjustment to or disclosure in the accompanying statutory basis financial statements.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	3 Months Ended	12 Months Ended
	Mar. 31, 2021	Dec. 31, 2020
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited condensed statutory basis financial statements have been prepared in conformity with accounting practices prescribed or permitted by the Iowa Department of Commerce, Insurance Division (“Insurance Department”), which differ in some respects from accounting principles generally accepted in the United States of America (“GAAP”). Prescribed statutory accounting practices are practices incorporated directly or by reference in state laws, regulations and general administrative rules and are applicable to all insurance enterprises domiciled in a particular state. The Insurance Department has identified the Accounting Practices and Procedures Manual (“APPM”), as promulgated by the National Association of Insurance Commissioners (“NAIC”), as a source of prescribed statutory accounting practices for insurers domiciled in Iowa. Permitted statutory accounting practices encompass all accounting practices not prescribed by the NAIC and are approved by the insurance department of the insurer’s state of domicile. The Company does not utilize any permitted practices. The accompanying unaudited condensed financial statements contain all adjustments (consisting of only normal recurring items, unless otherwise disclosed) necessary for a fair statement of the financial position as of March 31, 2021 and December 31, 2020, the results of operations, cash flows, and changes in capital and surplus for the three months ended March 31, 2021 and 2020. These financial statements have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). Certain information and disclosures normally included in the annual financial statements prepared in accordance with the accounting practices prescribed or permitted by the Insurance Department have been condensed or omitted pursuant to such rules and regulations. However, the Company believes that the disclosures included herein are adequate to make the information presented not misleading. These unaudited condensed financial statements and notes should be read in conjunction with the audited financial statements and the notes thereto for the year ended December 31, 2020. These results are not necessarily indicative of the results to be expected for the full year.	Basis of Presentation The accompanying statutory basis financial statements have been prepared in conformity with accounting practices prescribed or permitted by the Iowa Department of Commerce, Insurance Division (“Insurance Department”), which differ in some respects from accounting principles generally accepted in the United States of America (“GAAP”). Prescribed statutory accounting practices are practices incorporated directly or by reference in state laws, regulations and general administrative rules and are applicable to all insurance enterprises domiciled in a particular state. The Insurance Department has identified the Accounting Practices and Procedures Manual (“APPM”), as promulgated by the National Association of Insurance Commissioners (“NAIC”), as a source of prescribed statutory accounting practices for insurers domiciled in Iowa. Permitted statutory accounting practices encompass all accounting practices not prescribed by the NAIC and are approved by the insurance department of the insurer’s state of domicile. The Company does not utilize any permitted practices. GAAP/Statutory Accounting Differences The following summary identifies the significant differences between the accounting practices prescribed or permitted by the Insurance Department and GAAP: “Nonadmitted assets” (principally a portion of deferred taxes, the interest maintenance reserve and items not allocated) are excluded from the statutory basis statements of admitted assets, liabilities and capital and surplus through a direct charge to unassigned surplus. Under GAAP, nonadmitted assets are presented in the balance sheet, net of any valuation allowance. Investments in bonds and notes are generally carried at amortized cost, while under GAAP, they are carried at either amortized cost or fair value based on their classification according to the Company’s ability and intent to hold or trade the securities. For statutory accounting, after an other-than-temporary impairment of bonds, other than loan-backed securities, is recorded, the fair value of the other-than-temporarily impaired bond becomes its new cost basis. For GAAP, an impairment is based on the net present value of expected cash flows if the Company intends to hold the security until it has recovered, and an impairment is recorded as a valuation allowance. Policy reserves, which are 100% ceded to CMFG Life, are established based on mortality and interest assumptions prescribed or permitted by state statutes, without consideration for withdrawals, which may differ from reserves established for GAAP using assumptions with respect to mortality, interest, expense, and withdrawals that are based on company experience and expectations. Under both GAAP and statutory accounting, deferred federal income taxes are provided for unrealized capital gains or losses on investments and the temporary differences between the reporting and tax bases of assets and liabilities; however, there are limits as to the amount of deferred tax assets that may be reported as admitted assets under statutory accounting. Further, the change in deferred taxes is recognized as an adjustment to unassigned surplus under statutory accounting. For GAAP, changes in deferred taxes related to revenue and expense items are recorded in the statements of operations and comprehensive income. A federal income tax provision is required on a current basis only for the statutory basis statements of operations. The asset valuation reserve (“AVR”), a statutory only reserve established by formula for the purpose of stabilizing the surplus of the Company against fluctuations in the fair value of certain invested assets, is recorded as a liability by a direct charge to unassigned surplus for statutory reporting. Such a reserve is not recorded under GAAP. For statutory reporting, the interest maintenance reserve (“IMR”) defers recognition of interest rate-related gains and losses resulting from the disposal of investment securities and amortizes them into income over the remaining contractual maturities of those securities; under GAAP, such gains and losses are recognized in income immediately. Amounts due from reinsurers for their share of ceded reserves are netted against the reserves rather than shown as assets as under GAAP. Deposits, surrenders, and benefits on certain annuities, including those recorded in the separate accounts, are recorded in the statutory basis statements of operations, while such deposits and benefits are credited or charged directly to the policyholder account balances under GAAP. As a result, under GAAP, revenues on these types of contracts are composed of contract charges and fees, which are recognized when assessed against the account balance. Under GAAP, amounts collected are credited directly to policyholder account balances, and the benefits and claims on these contracts that are charged to expense only include benefits incurred in the period in excess of related policyholder account balances. Single premium deferred index annuities, single premium deferred modified guaranteed index annuities and flexible premium variable and index linked deferred annuities are reported as a separate account product for statutory reporting. For GAAP, only the variable annuity component of the flexible premium variable and index linked deferred annuity is reported as a separate account product, with the other related assets and liabilities reported in the general account because criteria for separate account reporting are not met. The criteria are that funds must be invested at the direction of the contract holder and investment results must be passed through to the contract holder. Comprehensive income and its components are not presented in the statutory basis financial statements, whereas under GAAP, comprehensive income is presented and changes in comprehensive income are reflected in accumulated other comprehensive income, a component of stockholder’s equity. The statutory basis statements of cash flows are presented in the required statutory format. Under GAAP, the indirect method for the statements of cash flows requires a reconciliation of net income to net cash provided by operating activities.
Use of Estimates	Use of Estimates The preparation of the unaudited condensed statutory basis financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the unaudited condensed statutory basis financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates and, in some cases, the difference could be material. Investment valuations, policy reserve valuations, determination of other-than-temporary impairments (“OTTI”), deferred tax asset valuation reserves and reinsurance balances are most affected by the use of estimates and assumptions.	Use of Estimates The preparation of the statutory basis financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the statutory basis financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates and, in some cases, the difference could be material. Investment valuations, policy reserve valuations, determination of other-than-temporary impairments (“OTTI”), deferred tax asset valuation reserves and reinsurance balances are most affected by the use of estimates and assumptions.
Investments	Investments Investments are valued as prescribed by the NAIC. Bonds and notes: Net investment income: Net realized capital (losses):	Investments Investments are valued as prescribed by the NAIC. Bonds and notes: Net investment income: Net realized capital (losses): Net unrealized capital gains
Cash and Cash Equivalents	Cash and Cash Equivalents Cash includes unrestricted deposits in financial institutions. Cash equivalents include money market mutual funds and investments with maturities at the date of purchase of 90 days or less and are reported at carrying value, which approximates amortized cost. Money market mutual funds are valued based on the closing price as of March 31, 2021 and December 31, 2020, as applicable.	Cash and Cash Equivalents Cash includes unrestricted deposits in financial institutions. Cash equivalents include money market mutual funds and investments with maturities at the date of purchase of 90 days or less and are reported at carrying value, which approximates amortized cost. Money market mutual funds are valued based on the closing price as of December 31.
Income Taxes	Income Tax Deferred income taxes are recognized, subject to an admissibility test for deferred tax assets, and represent the future tax consequences attributable to differences between the unaudited condensed statutory basis financial statement carrying amount of assets and liabilities and their respective tax bases. Gross deferred tax assets are reduced by a statutory valuation allowance if it is more likely than not that some portion or all of the deferred tax assets will not be realized. Recorded deferred tax amounts are adjusted to reflect changes in income tax rates and other tax law provisions as they are enacted. The net change in deferred taxes is recorded directly to unassigned surplus. The Company is subject to tax-related audits. The Company accounts for any federal and foreign tax contingent liabilities in accordance with Statement of Statutory Accounting Principles (“SSAP”) No. 5R, Liabilities, Contingencies and Impairments of Assets as modified by SSAP No. 101, Income Taxes, and any state and other tax contingent liabilities in accordance with SSAP No. 5R. The Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) was enacted by the U.S. federal government on March 27, 2020. The income tax provisions of the CARES Act did not have a material impact on the Company’s unaudited condensed statutory basis financial statements.	Income Tax Deferred income taxes are recognized, subject to an admissibility test for deferred tax assets, and represent the future tax consequences attributable to differences between the statutory basis financial statement carrying amount of assets and liabilities and their respective tax bases. Gross deferred tax assets are reduced by a statutory valuation allowance if it is more likely than not that some portion or all of the deferred tax assets will not be realized. See Note 5 for the components of the admissibility test used to calculate the admitted deferred tax assets. Recorded deferred tax amounts are adjusted to reflect changes in income tax rates and other tax law provisions as they are enacted. The net change in deferred taxes is recorded directly to unassigned surplus. The Company is subject to tax-related audits. The Company accounts for any federal and foreign tax contingent liabilities in accordance with Statement of Statutory Accounting Principles (“SSAP”) No. 5R, Liabilities, Contingencies and Impairments of Assets as modified by SSAP No. 101, Income Taxes, and any state and other tax contingent liabilities in accordance with SSAP No. 5R. The Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) was enacted by the U.S. federal government on March 27, 2020. The income tax provisions of the CARES Act did not have a material impact on the Company’s statutory basis financial statements.
Reinsurance	Reinsurance Reinsurance premiums, claims and benefits, commission expense reimbursements, and reserves related to reinsured business ceded are accounted for on a basis consistent with the accounting for the underlying direct policies issued and the terms of the reinsurance contracts. Premiums and benefits ceded to other companies have been reported as reductions of premium income and benefits in the accompanying unaudited condensed statutory basis statements of operations. Policy and claim reserves are reported net of unbilled reinsurance recoverables. The Company has evaluated its reinsurance contracts and determined that all significant contracts transfer the underlying economic risk of loss. CMFG Life is the only reinsurer, and there is no allowance for doubtful accounts given the lack of concern about the risk of default on reinsurance receivable balances.	Reinsurance Reinsurance premiums, claims and benefits, commission expense reimbursements, and reserves related to reinsured business ceded are accounted for on a basis consistent with the accounting for the underlying direct policies issued and the terms of the reinsurance contracts. Premiums and benefits ceded to other companies have been reported as reductions of premium income and benefits in the accompanying statutory basis statements of operations. Policy and claim reserves are reported net of unbilled reinsurance recoverables. The Company has evaluated its reinsurance contracts and determined that all significant contracts transfer the underlying economic risk of loss. Since CMFG Life is the only reinsurer, there is no concern of default on reinsurance receivable balances.
Separate Accounts	Separate Accounts The Company issues single premium deferred index annuities, single premium deferred modified guaranteed index annuities and flexible premium variable and index linked deferred annuities, the assets and liabilities of which are legally segregated and reflected in the accompanying unaudited condensed statutory basis statements of admitted assets, liabilities and capital and surplus as assets and liabilities of the separate accounts. All separate account assets and liabilities are ceded to CMFG Life on a coinsurance basis except the variable annuity of the flexible premium variable and index linked deferred annuities that are ceded on a modified coinsurance basis and the related assets and liabilities are retained in the Company’s separate account. Separate account assets for the variable annuity component of the flexible premium variable and index linked deferred and single premium deferred modified guaranteed index annuity are stated at fair value. Separate account liabilities are accounted for in a manner similar to other policy reserves. Separate account premium deposits, benefit expenses and contract fee income for investment management and policy administration are reflected by the Company in the accompanying unaudited condensed statutory basis statements of operations. The variable annuity contract holders of the flexible premium variable and index linked deferred and the single premium deferred modified guaranteed index annuity are able to invest in investment funds managed for their benefit. All of the flexible premium variable separate account assets are invested in unit investment trusts that are registered with the Securities and Exchange Commission as of March 31, 2021 and December 31, 2020, respectively. CMFG Life, on behalf of MLIC, invests the single premium deferred index annuity, single premium deferred modified guaranteed index annuity and flexible premium deferred variable premiums for the benefit of the contract holder. The single premium deferred index, single premium deferred modified guaranteed index and flexible premium variable and index linked deferred annuities have two risk control accounts, referred to as the Secure and Growth Accounts; the Secure Account has a yearly credited interest rate floor of 0% and the yearly Growth Account floor is -10%. The Secure and Growth Accounts both have credited interest rate caps that vary with issuance. Interest is credited at the end of each contract year during the selected index term based on the allocation between risk control accounts and the performance of an external index during that contract year. At the end of the initial index term, only the Secure Account will be available as an option to the policyholder.	Separate Accounts The Company issues single premium deferred index annuities, single premium deferred modified guaranteed index annuities and flexible premium variable and index linked deferred annuities, the assets and liabilities of which are legally segregated and reflected in the accompanying statutory basis statements of admitted assets, liabilities and capital and surplus as assets and liabilities of the separate accounts. All separate account assets and liabilities are ceded to CMFG Life on a coinsurance basis except the variable annuity of the flexible premium variable and index linked deferred annuities that are ceded on a modified coinsurance basis and the related assets and liabilities are retained in the Company’s separate account. Separate account assets for the variable annuity component of the flexible premium variable and index linked deferred and single premium deferred modified guaranteed index annuity are stated at fair value. Separate account liabilities are accounted for in a manner similar to other policy reserves. Separate account premium deposits, benefit expenses and contract fee income for investment management and policy administration are reflected by the Company in the accompanying statutory basis statements of operations. The variable annuity contract holders of the flexible premium variable and index linked deferred and the single premium deferred modified guaranteed index annuity are able to invest in investment funds managed for their benefit. All of the flexible premium variable separate account assets are invested in unit investment trusts that are registered with the Securities and Exchange Commission as of December 31, 2020 and 2019, respectively. CMFG Life, on behalf of MLIC, invests the single premium deferred index annuity, single premium deferred modified guaranteed index annuity and flexible premium deferred variable premiums for the benefit of the contract holder. The single premium deferred index, single premium deferred modified guaranteed index and flexible premium variable and index linked deferred annuities have two risk control accounts, referred to as the Secure and Growth Accounts; the Secure Account has a yearly credited interest rate floor of 0% and the yearly Growth Account floor is -10%. The Secure and Growth Accounts both have credited interest rate caps that vary with issuance. Interest is credited at the end of each contract year during the selected index term based on the allocation between risk control accounts and the performance of an external index during that contract year. At the end of the initial index term only the Secure Account will be available as an option to the policyholder.
Policy and Contract Claim Reserves	Policy and Contract Claim Reserves Liabilities established for unpaid benefits for life insurance contracts represent the estimated amounts required to cover the ultimate cost of settling reported and incurred but unreported losses. These estimates are adjusted in the aggregate for ultimate loss expectations based on historical experience patterns and current economic trends. Any change in the probable ultimate liabilities, which might arise from new information emerging, is reflected in the unaudited condensed statutory basis statements of operations in the period the change is determined to be necessary. Such adjustments could be material. The policy and contract claim reserves are 100% ceded to CMFG Life.	Policy and Contract Claim Reserves Liabilities established for unpaid benefits for life insurance contracts represent the estimated amounts required to cover the ultimate cost of settling reported and incurred but unreported losses. These estimates are adjusted in the aggregate for ultimate loss expectations based on historical experience patterns and current economic trends. Any change in the probable ultimate liabilities, which might arise from new information emerging, is reflected in the statutory basis statements of operations in the period the change is determined to be necessary. Such adjustments could be material. The policy and contract claim reserves are 100% ceded to CMFG Life.
Policy Reserves	Policy Reserves Life insurance reserves The Company waives deduction of deferred fractional premiums upon death of the insured and returns the portion of the final premium beyond the date of death. Surrender values are not promised in excess of legally computed reserves. Extra premiums are charged for substandard lives, plus the gross premium for a rated age. Mean reserves are determined by computing the regular mean reserve for the plan at the rated age and holding, plus one-half of the extra premium charge for the year. Tabular interest, tabular less actual reserves released, tabular cost and tabular interest on funds not involving life contingencies have all been determined by formulas prescribed by the Insurance Department. Individual annuity reserves: The policy reserves are 100% ceded to CMFG Life.	Policy Reserves Life insurance reserves The Company waives deduction of deferred fractional premiums upon death of the insured and returns the portion of the final premium beyond the date of death. Surrender values are not promised in excess of legally computed reserves. Extra premiums are charged for substandard lives, plus the gross premium for a rated age. Mean reserves are determined by computing the regular mean reserve for the plan at the rated age and holding, plus one-half of the extra premium charge for the year. Tabular interest, tabular less actual reserves released, tabular cost and tabular interest on funds not involving life contingencies have all been determined by formulas prescribed by the Insurance Department. Individual annuity reserves: The policy reserves are 100% ceded to CMFG Life.
Liability for Deposit-Type Contracts	Liabilit y for Deposit-Type Contracts The Company recognizes a liability for policyholder deposits that are not subject to policyholder mortality or longevity risk at the stated account value. The account value equals the sum of the original deposit plus accumulated interest, less any withdrawals and expense charges. Such deposits primarily represent annuity contracts without life contingencies. The liability for deposit-type contracts is 100% ceded to CMFG Life.	Liability for Deposit-Type Contracts The Company recognizes a liability for policyholder deposits that are not subject to policyholder mortality or longevity risk at the stated account value. The account value equals the sum of the original deposit plus accumulated interest, less any withdrawals and expense charges. Such deposits primarily represent annuity contracts without life contingencies.
Statutory Valuation Reserves	Statutory Valuation Reserves The interest maintenance reserve (“IMR”) is maintained for the purpose of stabilizing the surplus of the Company against gains and losses on sales of investments that are primarily attributable to changing interest rates. The interest rate-related gains and losses are deferred and amortized into income over the remaining lives of the securities sold. If the IMR is calculated to be a net asset, it is nonadmitted. The asset valuation reserve (“AVR’) is a formulaic reserve for fluctuations in the values of invested assets, primarily bonds and notes. Changes in the AVR are charged or credited directly to unassigned surplus.	Statutory Valuation Reserves The IMR is maintained for the purpose of stabilizing the surplus of the Company against gains and losses on sales of investments that are primarily attributable to changing interest rates. The interest rate-related gains and losses are deferred and amortized into income over the remaining lives of the securities sold. If the IMR is calculated to be a net asset, it is nonadmitted. The AVR is a formulaic reserve for fluctuations in the values of invested assets, primarily bonds and notes. Changes in the AVR are charged or credited directly to unassigned surplus.
Other Liabilities	Other Liabilities The Company issues the single premium deferred index annuity contracts, single premium deferred modified guaranteed index annuity contracts and flexible premium deferred variable and index linked annuity contracts on the 10th and 25th of each month. The Company recognizes a liability on contracts for which it has received cash but has not issued a contract. Other liabilities primarily consist of these pending customer funds, which are released from other liabilities when the policy is issued.	Other Liabilities The Company issues the single premium deferred index annuity contracts, single premium deferred modified guaranteed index annuity contracts and flexible premium deferred variable and index linked annuity contracts on the 10th and 25th of each month. The Company recognizes a liability on contracts for which it has received cash, but has not issued a contract. Other liabilities primarily consist of these customer funds pending completion of the policy issuance process. The customer funds are released from other liabilities when the policy application is completed.
Recently Adopted Accounting Standards		Recently Adopted Accounting Standards The Company adopted revised statutory principles-based based reserve valuation standards effective January 1, 2020. For life insurance, the amendments affect new business only and therefore had no impact on existing policy reserves. Further, the Company does not currently issue new life insurance business which would be impacted by the new valuation standards. For the flexible premium deferred variable and index linked annuities and single premium deferred modified guaranteed index annuity, there was an immaterial impact from adoption on the direct reserves, which are 100% ceded to CMFG Life.

Nature of Business (Tables)

Nature of Business (Tables)	12 Months Ended
	Dec. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of states with premiums greater than 5%	The Company is authorized to sell life, health and annuity policies in all states in the U.S. and the District of Columbia, except New York. The following table identifies states with premiums greater than 5% of total direct premium and states with deposits on annuity contracts greater than 5% of total deposits: Deposits on Direct Premium Annuity Contracts 2020 2019 2018 2020 2019 2018 0 Michigan 61 % 60 % 62 % 5 % 6 % 7 % Texas 24 25 24 6 5 * California 5 5 5 5 * * Pennsylvania * * * 7 7 8 Wisconsin * * * 6 6 5 North Carolina * * * 5 * * Florida * * * 5 5 6 Indiana * * * 5 * 5 Iowa * * * * 5 6 *Less than 5%

Investments (Tables)

Investments (Tables)	3 Months Ended	12 Months Ended
	Mar. 31, 2021	Dec. 31, 2020
Investments, Debt and Equity Securities [Abstract]
Schedule of investments in bonds and notes	Statement Gross Unrealized Value Gains Losses Fair Value U.S. government and agencies $ 8,733 $ 462 $ - $ 9,195 Industrial and miscellaneous 15,927 916 (321 ) 16,522 Commercial mortgage-backed securities 1,972 - (16 ) 1,956 Residential mortgage-backed securities 1,386 54 - 1,440 Non-mortgage asset-backed securities 998 - - 998 Total bonds and notes $ 29,016 $ 1,432 $ (337 ) $ 30,111 The statement value, which generally represents amortized cost, gross unrealized gains and losses and fair value of investments in bonds and notes at December 31, 2020 are as follows: Gross Gross Statement Unrealized Unrealized Value Gains Losses Fair Value U.S. government and agencies $ 8,734 $ 1,916 $ - $ 10,650 Industrial and miscellaneous 16,926 1,170 (1 ) 18,095 Commercial mortgage-backed securities 1,977 3 - 1,980 Residential mortgage-backed securities 1,674 60 - 1,734 Non-mortgage asset-backed securities 998 - (8 ) 990 Total bonds and notes $ 30,309 $ 3,149 $ (9 ) $ 33,449	The statement value, which generally represents amortized cost, gross unrealized gains and losses and fair value of investments in bonds and notes at December 31, 2020 are as follows: Gross Gross Statement Unrealized Unrealized Value Gains Losses Fair Value U.S. government and agencies $ 8,734 $ 1,916 $ - $ 10,650 Industrial and miscellaneous 16,926 1,170 (1 ) 18,095 Commercial mortgage-backed securities 1,977 3 - 1,980 Residential mortgage-backed securities 1,674 60 - 1,734 Non-mortgage asset-backed securities 998 - (8 ) 990 Total bonds and notes $ 30,309 $ 3,149 $ (9 ) $ 33,449 The statement value, which generally represents amortized cost, gross unrealized gains and losses, and fair value of investments in bonds and notes at December 31, 2019 are as follows: Gross Gross Statement Unrealized Unrealized December 31, 2019 Value Gains Losses Fair Value U.S. government and agencies $ 8,739 $ 454 $ - $ 9,193 Industrial and miscellaneous 20,455 861 - 21,316 Residential mortgage-backed securities 3,217 18 - 3,235 Non-mortgage asset-backed securities 2,001 - - 2,001 Total bonds and notes $ 34,412 $ 1,333 $ - $ 35,745
Schedule of investments classified by contractual maturity date	The statement value and fair value of bonds and notes at March 31, 2021, by contractual maturity, are shown below. Expected maturities may differ from contractual maturities because certain borrowers have the right to call or prepay obligations with or without call or prepayment penalties. Because of the potential for prepayment on residential mortgage-backed, commercial mortgage-backed and non-mortgage asset-backed securities, such securities have not been classified by expected maturity in the table below by contractual maturity. Statement Value Fair Value Due in one year or less $ 1,996 $ 2,063 Due after one year through five years 6,972 7,562 Due after five years through ten years 6,959 6,898 Due after ten years 8,733 9,194 Residential mortgage-backed securities 1,386 1,440 Commercial mortgage-backed securities 1,972 1,956 Non-mortgage asset-backed securities 998 998 Total bonds and notes $ 29,016 $ 30,111	The statement value and fair value of bonds and notes at December 31, 2020, by contractual maturity, are shown below. Expected maturities may differ from contractual maturities because certain borrowers have the right to call or prepay obligations with or without call or prepayment penalties. Because of the potential for prepayment on residential mortgage-backed, commercial mortgage-backed and non-mortgage asset-backed securities, such securities have not been displayed in the table below by contractual maturity. Statement Value Fair Value Due in one year or less $ 2,004 $ 2,022 Due after one year through five years 7,964 8,709 Due after five years through ten years 6,958 7,364 Due after ten years 8,734 10,650 Residential mortgage-backed securities 1,674 1,734 Commercial mortgage-backed securities 1,977 1,980 Non-mortgage asset-backed securities 998 990 Total bonds and notes $ 30,309 $ 33,449
Schedule of cash and cash equivalents	The details of cash and cash equivalents as of March 31, 2021 and December 31, 2020, are as follows: March 31, December 31, 2021 2020 Cash equivalents $ 36,688 $ 24,336 Cash 8,225 2,074 Total cash and cash equivalents $ 44,913 $ 26,410	Cash and Cash Equivalents The details of cash and cash equivalents as of December 31, are as follows: 2020 2019 Cash equivalents $ 24,336 $ 28,122 Cash 2,074 915 Total cash and cash equivalents $ 26,410 $ 29,037
Schedule of investment income	Sources of net investment income for the three months ended March 31 are summarized as follows: March 31, March 31, 2021 2020 Bonds and notes $ 204 $ 266 Cash and cash equivalents 3 96 Gross investment income 207 362 Less investment expenses 14 15 Net investment income $ 193 $ 347	Net Investment Income Sources of net investment income for the years ended December 31 are summarized as follows: 2020 2019 2018 Bonds and notes $ 954 $ 971 $ 364 Cash and cash equivalents 116 709 452 Gross investment income 1,070 1,680 816 Less investment expenses 53 54 58 Net investment income $ 1,017 $ 1,626 $ 758
Schedule of net realized capital (losses)	Information regarding the Company’s bonds and notes with unrealized losses at March 31, 2021 is presented below, segregated between those that have been in a continuous unrealized loss position for less than twelve months and those that have been in a continuous unrealized loss position for twelve or more months. Months in Unrealized Loss Position Less Than Twelve Total Twelve Months Months or Greater March 31, 2021 Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss Industrial and miscellaneous $ 4,651 $ (321 ) $ - $ - $ 4,651 $ (321 ) Commercial mortgage-backed 1,955 (16 ) - - 1,955 (16 ) Total bonds and notes $ 6,606 $ (337 ) $ - $ - $ 6,606 $ (337 )	Net Realized Capital (Losses) Net realized capital (losses) for the years ended December 31 are summarized as follows: 2020 2019 2018 Gross gains from sales of bonds and notes $ 1 $ 17 $ 17 Other (142 ) - Realized capital gains (losses) before taxes and transfer to IMR (141 ) 17 17 Tax on realized capital gains (losses) (100 ) (24 ) (155 ) Transfer to interest maintenance reserve - (13 ) (13 ) Net realized capital (losses) $ (241 ) $ (20 ) $ (151 )
Schedule of unrealized gain (loss) on investments	Information regarding the Company’s bonds and notes with unrealized losses at December 31, 2020 is presented below, segregated between those that have been in a continuous unrealized loss position for less than twelve months and those that have been in a continuous unrealized loss position for twelve or more months. Months in Unrealized Loss Position Less Than Twelve Total Twelve Months Months or Greater December 31, 2020 Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss Industrial and miscellaneous $ 1,004 $ (1 ) $ - $ - $ 1,004 $ (1 ) Non-mortgage asset-backed 990 (8 ) - - 990 (8 ) Total bonds and notes $ 1,994 $ (9 ) $ - $ - $ 1,994 $ (9 )	Net Unrealized Capital (Losses) Information regarding the Company’s bonds and notes with unrealized losses at December 31, 2020 is presented below, segregated between those that have been in a continuous unrealized loss position for less than twelve months and those that have been in a continuous unrealized loss position for twelve or more months. Months in Unrealized Loss Position Less Than Twelve Total Twelve Months Months or Greater December 31, 2020 Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss Industrial and miscellaneous $ 1,004 $ (1 ) $ - $ - $ 1,004 $ (1 ) Non-mortgage asset-backed 990 (8 ) - - 990 (8 ) Total bonds and notes $ 1,994 $ (9 ) $ - $ - $ 1,994 $ (9 )

Fair Value (Tables)

Fair Value (Tables)	3 Months Ended	12 Months Ended
	Mar. 31, 2021	Dec. 31, 2020
Fair Value Disclosures [Abstract]
Schedule of fair value assets measured on a recurring basis	The following table summarizes the Company’s assets and liabilities that are measured at fair value as of March 31, 2021. Assets, at Fair Value Level 1 Level 2 Level 3 Total Cash equivalents $ 36,688 $ - $ - $ 36,688 Separate account assets - 249,095 - 249,095 Total assets at fair value $ 36,688 $ 249,095 $ - $ 285,783 Liabilities, at Fair Value Level 1 Level 2 Level 3 Total Separate account liabilities $ - $ 249,095 $ - $ 249,095 Total liabilities at fair value $ - $ 249,095 $ - $ 249,095 The following table summarizes the Company’s assets and liabilities that are measured at fair value as of December 31, 2020. Assets, at Fair Value Level 1 Level 2 Level 3 Total Cash equivalents $ 24,336 $ - $ - $ 24,336 Separate account assets - 230,314 - 230,314 Total assets at fair value $ 24,336 $ 230,314 $ - $ 254,650 Liabilities, at Fair Value Level 1 Level 2 Level 3 Total Separate account liabilities $ - $ 230,314 $ - $ 230,314 Total liabilities at fair value $ - $ 230,314 $ - $ 230,314	The following table summarizes the Company’s assets and liabilities that are measured at fair value as of December 31, 2020. Assets, at Fair Value Level 1 Level 2 Level 3 Total Cash equivalents $ 24,336 $ - $ - $ 24,336 Separate account assets - 230,314 - 230,314 Total assets at fair value $ 24,336 $ 230,314 $ - $ 254,650 Liabilities, at Fair Value Level 1 Level 2 Level 3 Total Separate account liabilities $ - $ 230,314 $ - $ 230,314 Total liabilities at fair value $ - $ 230,314 $ - $ 230,314 The following table summarizes the Company’s assets and liabilities that are measured at fair value as of December 31, 2019. Assets, at Fair Value Level 1 Level 2 Level 3 Total Cash equivalents $ 28,122 $ - $ - $ 28,122 Separate account assets - 169,654 - 169,654 Total assets at fair value $ 28,122 $ 169,654 $ - $ 197,776 Liabilities, at Fair Value Level 1 Level 2 Level 3 Total Separate account liabilities $ - $ 169,654 $ - $ 169,654 Total liabilities at fair value $ - $ 169,654 $ - $ 169,654
Schedule of carrying amounts and estimated fair values of the Company's financial instruments which are not measured at fair value on a recurring basis	The following table summarizes the carrying amounts and fair values of the Company’s financial instruments for which it is practicable to estimate fair value by fair value measurement level at March 31, 2021: Carrying Amount Fair Value Level 1 Level 2 Level 3 Financial instruments recorded as assets: Bonds and notes $ 29,016 $ 30,111 $ - $ 29,113 $ 998 Cash equivalents¹ 36,688 36,688 36,688 - - Separate account assets 249,095 249,095 - 249,095 - Financial instruments recorded as liabilities: Separate account liabilities 249,095 249,095 - 249,095 - 1 The following table summarizes the carrying amounts and fair values of the Company’s financial instruments for which it is practical to estimate by fair value measurement level at December 31, 2020: Carrying Amount Fair Value Level 1 Level 2 Level 3 Financial instruments recorded as assets: Bonds and notes $ 30,309 $ 33,449 $ - $ 32,459 $ 990 Cash equivalents 1 24,336 24,336 24,336 - - Separate account assets 230,314 230,314 - 230,314 - Financial instruments recorded as liabilities: Separate account liabilities 230,314 230,314 - 230,314 - 1	The following table summarizes the carrying amounts and fair values of the Company’s financial instruments for which it is practicable to estimate fair value by fair value measurement level at December 31, 2020: Carrying Amount Fair Value Level 1 Level 2 Level 3 Financial instruments recorded as assets: Bonds and notes $ 30,309 $ 33,449 $ - $ 32,459 $ 990 Cash equivalents¹ 24,336 24,336 24,336 - - Separate account assets 230,314 230,314 - 230,314 - Financial instruments recorded as liabilities: Separate account liabilities 230,314 230,314 - 230,314 - 1 Excludes cash of $2,074 that is not subject to fair value accounting. The following table summarizes the carrying amounts and fair values of the Company’s financial instruments for which it is practical to estimate by fair value measurement level at December 31, 2019: Carrying Amount Fair Value Level 1 Level 2 Level 3 Financial instruments recorded as assets: Bonds and notes $ 34,412 $ 35,745 $ - $ 35,745 $ - Cash equivalents 1 28,122 28,122 28,122 - - Separate account assets 169,654 169,654 - 169,654 - Financial instruments recorded as liabilities: Separate account liabilities 169,654 169,654 - 169,654 - 1 Excludes cash of $915 that is not subject to fair value accounting.

Income Tax (Tables)

Income Tax (Tables)	3 Months Ended	12 Months Ended
	Mar. 31, 2021	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Schedule of components of income tax expense (benefit)		Current income tax expense (benefit) consists of the following for the years ended December 31: 2020 2019 2018 Federal income tax expense (benefit) on operations $ 256 $ (59 ) $ (74 ) Federal income tax expense on realized capital gains (losses) 100 23 154 Federal income tax expense (benefit) $ 356 $ (36 ) $ 80
Schedule of deferred income tax is comprised		The 2020 change in net deferred income tax is comprised of the following: December 31, December 31, 2020 2019 Change Adjusted gross deferred tax assets $ 1,108 $ 1,010 $ 98 Total deferred tax liabilities (197 ) (340 ) 143 Net deferred tax asset (excluding nonadmitted) $ 911 $ 670 $ 241 Tax effect of unrealized capital gains and losses, unrealized foreign exchange capital gains and losses, and changes as a result of other surplus adjustments - Change in net deferred income tax $ 241 The 2019 change in net deferred income tax is comprised of the following: December 31, December 31, 2019 2018 Change Adjusted gross deferred tax assets $ 1,010 $ 828 $ 182 Total deferred tax liabilities (340 ) (367 ) 27 Net deferred tax asset (excluding nonadmitted) $ 670 $ 461 $ 209 Tax effect of unrealized capital gains and losses, unrealized foreign exchange capital gains and losses, and changes as a - Change in net deferred income tax $ 209 The 2018 change in net deferred income tax is comprised of the following: December 31, December 31, 2018 2017 Change Adjusted gross deferred tax assets $ 828 $ 596 $ 232 Total deferred tax liabilities (367 ) (498 ) 131 Net deferred tax asset (excluding nonadmitted) $ 461 $ 98 363 Tax effect of unrealized capital gains and losses, unrealized foreign exchange capital gains and losses, and changes as a result of other surplus adjustments 24 Change in net deferred income tax $ 387
Schedule of effective income tax rate reconciliation	The total statutory provision for income taxes for the three months ended March 31, 2021 and 2020 differs from the amount computed by applying the U. S. federal corporate income tax rate of 21% to income before federal income taxes plus gross realized capital gains (losses) due to the items listed in the following reconciliation: March 31, March 31, 2021 2020 Tax expense computed at federal corporate rate $ 43 $ 54 Foreign tax credit (8 ) (10 ) Income tax (benefit) related to prior years (21 ) (34 ) Nonadmitted assets (142 ) 96 Interest maintenance reserve amortization 5 6 Dividends received deductions (19 ) (21 ) Total statutory income taxes $ (142 ) $ 91 Federal income tax expense $ 199 $ 46 Change in net deferred income tax (341 ) 45 Total statutory income taxes $ (142 ) $ 91	The total statutory provision for income taxes for the years ended December 31 differs from the amount computed by applying the U. S. federal corporate income tax rate of 21% to income before federal income taxes plus gross realized capital gains (losses) due to the items listed in the following reconciliation: 2020 2019 2018 Tax expense computed at federal corporate rate $ 116 $ 258 $ 108 Foreign tax credit (32 ) (40 ) - Income tax (benefit) related to prior years (82 ) (159 ) (240 ) Nonadmitted assets 161 (247 ) (134 ) Interest maintenance reserve amortization 26 29 33 Dividends received deductions (76 ) (87 ) (59 ) Other 3 2 (15 ) Total statutory income taxes $ 116 $ (244 ) $ (307 ) Federal income tax expense (benefit) $ 356 $ (36 ) $ 80 Change in net deferred income tax (240 ) (208 ) (387 ) Total statutory income taxes $ 116 $ (244 ) $ (307 )
Schedule of deferred income taxes		The components of the net deferred tax asset at December 31 are as follows: December 31, 2020 December 31, 2019 Change Ordinary Capital Total Ordinary Capital Total Ordinary Capital Total Gross deferred tax assets $ 1,108 $ - $ 1,108 $ 1,010 $ - $ 1,010 $ 98 $ - $ 98 Statutory valuation allowance adjustment - - - - - - - - - Adjusted gross deferred tax assets 1,108 - 1,108 1,010 - 1,010 98 - 98 Deferred tax assets nonadmitted (656 ) - (656 ) - - - (656 ) - (656 ) Admitted deferred tax assets 452 - 452 1,010 - 1,010 (558 ) - (558 ) Deferred tax liabilities - (197 ) (197 ) - (340 ) (340 ) - 143 143 Net admitted deferred tax assets $ 452 $ (197 ) $ 255 $ 1,010 $ (340 ) $ 670 $ (558 ) $ 143 $ (415 )
Schedule of deferred tax assets and liabilities		The tax effects of temporary differences that give rise to the significant portions of the deferred tax assets and liabilities at December 31 are as follows: 2020 2019 Change Ordinary deferred tax assets: Life reserves method change $ 4 $ 7 $ (3 ) Investments 6 - 6 Deferred acquisition costs 807 479 328 Miscellaneous nonadmitted assets 223 384 (161 ) Other - accrued general expense 68 140 (72 ) Subtotal ordinary deferred tax assets 1,108 1,010 98 Nonadmitted ordinary deferred tax assets (656 ) - (656 ) Admitted ordinary deferred tax assets 452 1,010 (558 ) Admitted deferred tax assets 452 1,010 (558 ) Capital deferred tax liabilities: Investments (197 ) (340 ) 143 Subtotal capital deferred tax liabilities (197 ) (340 ) 143 Total deferred tax liabilities (197 ) (340 ) 143 Net admitted deferred tax asset $ 255 $ 670 $ (415 )
Schedule of deferred tax asset admission calculation		The components of the deferred tax asset admission calculation at December 31 are as follows: December 31, 2020 December 31, 2019 Change Ordinary Capital Total Ordinary Capital Total Ordinary Capital Total (a) Federal income taxes paid in prior years recoverable through loss carrybacks $ - $ - $ - $ - $ - $ - $ - $ - $ - (b) Adjusted gross deferred tax assets expected to be realized after application of the threshold limitation; the lesser of (i) or (ii): 255 - 255 680 - 680 (425 ) - (425 ) (i) Adjusted gross deferred tax assets expected to be realized following the balance sheet date 255 - 255 680 - 680 (425 ) - (425 ) (ii) Adjusted gross deferred tax assets allowed per limitation threshold - - 6,067 - - 5,898 - - 169 (c) Adjusted gross deferred tax assets offset by gross deferred tax liabilities 197 - 197 330 - 330 (133 ) - (133 ) Admitted deferred tax assets $ 452 $ - $ 452 $ 1,010 $ - $ 1,010 $ (558 ) $ - $ (558 )
Schedule of ratio percentage used to determine recovery period		The amounts calculated in (b)(i) and (b)(ii) in the table above are based on the following information: 2020 2019 Ratio percentage used to determine recovery period and threshold limitation amount (RBC reporting entity) 10514 % 10916 % Recovery period used in (b)(i) 3 years 3 years Percentage of adjusted capital and surplus used in (b)(ii) 15 % 15 % Amount of adjusted capital and surplus used in (b)(ii) $ 40,444 $ 39,319

Related Party Transactions (Tab

Related Party Transactions (Tables)	3 Months Ended	12 Months Ended
	Mar. 31, 2021	Dec. 31, 2020
Related Party Transactions [Abstract]
Schedule of related party transactions	Significant amounts due to/from affiliates are shown in the following table: March 31, December 31, 2021 2020 Due to the Company: CMFG Life $ - $ 218 Other 25 5 Total $ 25 $ 223 Due from the Company: CMFG Life $ 15,711 $ 14,680 CUNA Brokerage Services, Inc. (“CBSI”) 4,631 3,513 Other 149 136 Total $ 20,491 $ 18,329	Significant amounts due to/from affiliates are shown in the following table: 2020 2019 Due to the Company: CMFG Life $ 218 $ - Other 5 8 Total $ 223 $ 8 Due from the Company: CUNA Brokerage Services, Inc. $ 3,513 $ 3,383 CMFG Life 14,680 5,093 Other 136 150 Total $ 18,329 $ 8,626
Schedule of significant capital contribution		Significant capital contributions from affiliates are shown in the following table: 2020 2019 2018 Capital contribution to MLIC from: CMIC $ - $ - $ 20,653 Total $ - $ - $ 20,653

Reinsurance (Tables)

Reinsurance (Tables)	3 Months Ended	12 Months Ended
	Mar. 31, 2021	Dec. 31, 2020
Reinsurance Recoverables, Including Reinsurance Premium Paid [Abstract]
Schedule of effects of reinsurance	The following table shows the effect of reinsurance on premiums, benefits, and surrenders, and increase in policy reserves for the three months ended March 31, 2021 and 2020. March 31, March 31, 2021 2020 Premiums earned: Direct $ 336,936 $ 308,418 Ceded to affiliates (336,936 ) (308,418 ) Premiums earned, net of reinsurance $ - $ - Contract charges Direct (920 ) 313 Ceded to affiliates 920 (313 ) Contract charges, net of reinsurance $ - $ - Benefits and surrender expenses: Direct $ 113,528 $ 67,365 Ceded to affiliates (113,528 ) (67,365 ) Benefits and surrender expenses, net of reinsurance $ - $ - Increase in policy reserves: Direct $ 2,285 $ (1,420 ) Ceded to affiliates (2,285 ) 1,420 Increase in policy reserves, net of reinsurance $ - $ -	The following table shows the effect of reinsurance on premiums, benefits, and surrenders, and increase in policy reserves for 2020, 2019, and 2018. 2020 2019 2018 Premiums earned: Direct $ 1,170,733 $ 995,842 $ 830,582 Ceded to affiliates (1,170,733 ) (995,842 ) (830,582 ) Premiums earned, net of reinsurance $ - $ - $ - Contract charges Direct (836 ) 1,865 2,106 Ceded to affiliates 836 (1,865 ) (2,106 ) Contract charges, net of reinsurance $ - $ - $ - Benefits and surrender expenses: Direct $ 348,428 $ 158,793 $ 94,123 Ceded to affiliates (348,428 ) (158,793 ) (94,123 ) Benefits and surrender expenses, net of reinsurance $ - $ - $ - Increase in policy reserves: Direct $ (2,136 ) $ 3,630 $ 2,536 Ceded to affiliates 2,136 (3,630 ) (2,536 ) Increase in policy reserves, net of reinsurance $ - $ - $ -

Annuity Reserves and Deposit-_2

Annuity Reserves and Deposit-Type Liabilities (Tables)	12 Months Ended
	Dec. 31, 2020
Annuity Reserves And Deposit-type Liabilities
Schedule of individual annuities	Individual Annuities Separate Separate General Account with Account % of December 31, 2020 Account Guarantees Nonguaranteed Total Total Subject to discretionary withdrawal -lump sum: With market value adjustment $ - $ 5,050,170 $ - $ 5,050,170 94.6 % At book value less surrender charge of 5% or more 2,851 - - 2,851 0.1 % At fair value - - 220,969 220,969 4.1 % Total with adjustment or at fair value 2,851 5,050,170 220,969 5,273,990 98.8 % At book value with minimal or no charge adjustment 205 59,534 - 59,739 1.1 % Not subject to discretionary withdrawal 7,074 - - 7,074 0.1 % Gross annuity reserves and deposit liabilities 10,130 5,109,704 220,969 5,340,803 100.0 % Reinsurance ceded 10,130 5,109,704 - 5,119,834 Total annuity reserves and deposit liabilities $ - $ - $ 220,969 $ 220,969 Separate Separate General Account with Account % of December 31, 2019 Account Guarantees Nonguaranteed Total Total Subject to discretionary withdrawal -lump sum: With market value adjustment $ - $ 4,076,413 $ - $ 4,076,413 95.9 % At book value less surrender charge of 5% or more 6,019 - - 6,019 0.1 % At fair value - - 161,987 161,987 3.9 % Total with adjustment or at fair value 6,019 4,076,413 161,987 4,244,419 99.9 % At book value with minimal or no charge adjustment 327 - - 327 0.0 % Not subject to discretionary withdrawal 4,863 - - 4,863 0.1 % Gross annuity reserves and deposit liabilities 11,209 4,076,413 161,987 4,249,609 100.0 % Reinsurance ceded 11,209 4,076,413 - 4,087,622 Total annuity reserves and deposit liabilities $ - $ - $ 161,987 $ 161,987
Schedule of deposit-type contracts	Deposit-Type Contracts Separate Separate General Account with Account % of December 31, 2020 Account Guarantees Nonguaranteed Total Total Subject to discretionary withdrawal - lump sum: With market value adjustment $ - $ - $ - $ - 0.0 % At book value less surrender charge of 5% or more - - - - 0.0 % At fair value - - - - 0.0 % Total with adjustment or at fair value - - - - 0.0 % At book value with minimal or no charge adjustment - - - - 0.0 % Not subject to discretionary withdrawal 4,473 - - 4,473 100.0 % Gross annuity reserves and deposit liabilities 4,473 - - 4,473 100.0 % Reinsurance ceded 4,473 - - 4,473 Total annuity reserves and deposit liabilities $ - $ - $ - $ - Separate Separate General Account with Account % of December 31, 2019 Account Guarantees Nonguaranteed Total Total Subject to discretionary withdrawal -lump sum: With market value adjustment $ - $ - $ - $ - 0.0 % At book value less surrender charge of 5% or more - - - - 0.0 % At fair value - - - - 0.0 % Total with adjustment or at fair value - - - - 0.0 % At book value with minimal or no charge adjustment - - - - 0.0 % Not subject to discretionary withdrawal 3,873 - - 3,873 100.0 % Gross annuity reserves and deposit liabilities 3,873 - - 3,873 100.0 % Reinsurance ceded 3,873 - - 3,873 Total annuity reserves and deposit liabilities $ - $ - $ - $ -
Schedule of annuity reserves from the separate accounts	The following table shows policy liabilities associated with the Company’s annuity products: 2020 Annuity reserves from the separate accounts $ 220,969 Total annuity reserves $ 220,969 2019 Annuity reserves from the separate accounts $ 161,987 Total annuity reserves $ 161,987
Schedule of life reserves by withdrawal characteristics	The following table shows life reserves by withdrawal characteristics at December 31, 2020: General Account Separate Account - Account Value Cash Value Reserve Account Value Cash Value Reserve Subject to discretionary withdrawal, surrender values, or policy loans: Term policies with cash value $ - $ 38 $ 68 $ - $ - $ - Universal life 2,649 2,649 2,704 - - - Other permanent cash value life insurance - 11,474 12,353 - - - Miscellaneous reserves - 36 34 - - - Not subject to discretionary withdrawal or no cash values: Term policies with cash value - - 4,465 - - - Accidental death benefits - - 7 - - - Disability - active lives - - 3 - - - Disability - disabled lives - - 113 - - - Miscellaneous reserves - - 64 - - - Gross reserves before reinsurance 2,649 14,197 19,811 - - - Ceded reinsurance 2,649 14,197 19,811 - - - Net reserves $ - $ - $ - $ - $ - $ - The following table shows life reserves by withdrawal characteristics at December 31, 2019: General Account Separate Account - Account Value Cash Value Reserve Account Value Cash Value Reserve Subject to discretionary withdrawal, surrender values, or policy loans: Term policies with cash value $ - $ 48 $ 85 $ - $ - $ - Universal life 2,816 2,816 2,878 - - - Other permanent cash value life insurance - 11,812 12,712 - - - Miscellaneous reserves - 35 35 - - - Not subject to discretionary withdrawal or no cash values: Term policies with cash value - - 4,954 - - - Accidental death benefits - - 7 - - - Disability - active lives - - 3 - - - Disability - disabled lives - - 122 - - - Miscellaneous reserves - - 72 - - - Gross reserves before reinsurance 2,816 14,711 20,868 - - - Ceded reinsurance 2,816 14,711 20,868 - - - Net reserves $ - $ - $ - $ - $ - $ -

Unassigned Surplus (Table)

Unassigned Surplus (Table)	12 Months Ended
	Dec. 31, 2020
Unassigned Surplus
Schedule of unassigned surplus	Unassigned surplus at December 31 considers the accumulated balances for the following items: 2020 2019 Nonadmitted assets: Net deferred tax asset $ 656 $ - Prepaid expenses 491 - Interest maintenance reserve 907 1,029 Other 574 1,831 Total nonadmitted assets $ 2,628 $ 2,860 Asset valuation reserve $ - $ 40

Separate Accounts (Table)

Separate Accounts (Table)	12 Months Ended
	Dec. 31, 2020
Separate Accounts
Schedule of flexible premium variable separate account business	Information relating to the Company’s flexible premium variable separate account business as of December 31 is set forth in the tables below: 2020 2019 Indexed with Guarantees Non-Guaranteed Indexed with Guarantees Non-Guaranteed Reserves with assets held: At fair value $ - $ 220,969 $ - $ 161,987 At amortized cost - - - - Total $ - $ 220,969 $ - $ 161,987 Reserves with assets subject to discretionary withdrawal: At fair value $ - $ 220,969 $ - $ 161,987 With fair value adjustment - - - - Not subject to discretionary withdrawal - - - - Total $ - $ 220,969 $ - $ 161,987
Schedule of deposits for flexible premium variable contracts recorded in the separate accounts	The following table shows the premiums and deposits for flexible premium variable contracts recorded in the separate accounts for the years ended December 31: 2020 2019 Indexed with Guarantees Non-Guaranteed Indexed with Guarantees Non-Guaranteed Non-guaranteed premiums, considerations and deposits received for separate account policies $ - $ 220,969 $ - $ 161,987 Total $ - $ 220,969 $ - $ 161,987
Schedule of net transfers to separate accounts for all annuity contracts	Details of the net transfers to separate accounts for all annuity contracts are shown in the table below for the years ended: 2020 2019 Indexed with Guarantees Non-Guaranteed Indexed with Guarantees Non-Guaranteed Transfers to separate accounts $ - $ 1,170,261 $ - $ 990,809 Transfers from separate accounts - (1,141,308 ) - (952,622 ) Valuation adjustment - 2,955 - 2,131 Net transfers to separate accounts $ - $ 31,908 $ - $ 40,318

Nature of Business (Details)

Nature of Business (Details)		12 Months Ended
		Dec. 31, 2020		Dec. 31, 2019		Dec. 31, 2018
MICHIGAN
Direct Premiums greater than 5% of total direct premiums		61.00%		60.00%		62.00%
Deposits on Annuity Contracts greater than 5% of total deposits		5.00%		6.00%		7.00%
TEXAS
Direct Premiums greater than 5% of total direct premiums		24.00%		25.00%		24.00%
Deposits on Annuity Contracts greater than 5% of total deposits		6.00%		5.00%			[1]
CALIFORNIA
Direct Premiums greater than 5% of total direct premiums		5.00%		5.00%		5.00%
Deposits on Annuity Contracts greater than 5% of total deposits		5.00%			[1]		[1]
PENNSYLVANIA
Direct Premiums greater than 5% of total direct premiums	[1]
Deposits on Annuity Contracts greater than 5% of total deposits		7.00%		7.00%		8.00%
WISCONSIN
Direct Premiums greater than 5% of total direct premiums	[1]
Deposits on Annuity Contracts greater than 5% of total deposits		6.00%		6.00%		5.00%
NORTH CAROLINA
Direct Premiums greater than 5% of total direct premiums	[1]
Deposits on Annuity Contracts greater than 5% of total deposits		5.00%			[1]		[1]
FLORIDA
Direct Premiums greater than 5% of total direct premiums	[1]
Deposits on Annuity Contracts greater than 5% of total deposits		5.00%		5.00%		6.00%
INDIANA
Direct Premiums greater than 5% of total direct premiums	[1]
Deposits on Annuity Contracts greater than 5% of total deposits		5.00%			[1]	5.00%
IOWA
Direct Premiums greater than 5% of total direct premiums	[1]
Deposits on Annuity Contracts greater than 5% of total deposits			[1]	5.00%		6.00%
[1]	Less than 5%

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Details Narrative)	3 Months Ended	12 Months Ended
	Mar. 31, 2021	Dec. 31, 2020
Accounting Policies [Abstract]
Future minimum guaranteed interest rate		100.00%
Policy and contract claim reserves	100.00%	100.00%
Liability for deposit-type contracts	100.00%

Investments (Details)

Investments (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
US Government Agencies Debt Securities [Member]
Debt Securities, Available-for-sale, Amortized Cost	$ 8,733	$ 8,734	$ 8,739
Debt Securities, Available-for-sale, Unrealized Gain	462	1,916	454
Debt Securities, Available-for-sale, Unrealized Loss
Debt securities, available for sale, at fair value	9,195	10,650	9,193
Industrial and miscellaneous [Member]
Debt Securities, Available-for-sale, Amortized Cost	15,927	16,926	20,455
Debt Securities, Available-for-sale, Unrealized Gain	916	1,170	861
Debt Securities, Available-for-sale, Unrealized Loss	(321)	(1)
Debt securities, available for sale, at fair value	16,522	18,095	21,316
Commercial mortgage-backed securities [Member]
Debt Securities, Available-for-sale, Amortized Cost	1,972	1,977
Debt Securities, Available-for-sale, Unrealized Gain		3
Debt Securities, Available-for-sale, Unrealized Loss	(16)
Debt securities, available for sale, at fair value	1,956	1,980
Residential Mortgage Backed Securities [Member]
Debt Securities, Available-for-sale, Amortized Cost	1,386	1,674	3,217
Debt Securities, Available-for-sale, Unrealized Gain	54	60	18
Debt Securities, Available-for-sale, Unrealized Loss
Debt securities, available for sale, at fair value	1,440	1,734	3,235
Non-mortgage asset-backed securities [Member]
Debt Securities, Available-for-sale, Amortized Cost	998	998	2,001
Debt Securities, Available-for-sale, Unrealized Gain
Debt Securities, Available-for-sale, Unrealized Loss		(8)
Debt securities, available for sale, at fair value	998	990	2,001
Total bonds and notes [Member]
Debt Securities, Available-for-sale, Amortized Cost	29,016	30,309	34,412
Debt Securities, Available-for-sale, Unrealized Gain	1,432	3,149	1,333
Debt Securities, Available-for-sale, Unrealized Loss	(337)	(9)
Debt securities, available for sale, at fair value	$ 30,111	$ 33,449	$ 35,745

Investments (Details 1)

Investments (Details 1) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Residential Mortgage Backed Securities [Member]
Debt Securities, Available-for-sale, Amortized Cost	$ 1,386	$ 1,674	$ 3,217
Debt securities, available for sale, at fair value	1,440	1,734	3,235
Commercial mortgage-backed securities [Member]
Debt Securities, Available-for-sale, Amortized Cost	1,972	1,977
Debt securities, available for sale, at fair value	1,956	1,980
Non-mortgage asset-backed securities [Member]
Debt Securities, Available-for-sale, Amortized Cost	998	998	2,001
Debt securities, available for sale, at fair value	998	990	2,001
Total bonds and notes [Member]
Debt Securities, Available-for-sale, Amortized Cost	29,016	30,309	34,412
Debt securities, available for sale, at fair value	30,111	33,449	$ 35,745
Due in one year or less [Member]
Debt Securities, Available-for-sale, Amortized Cost	1,996	2,004
Debt securities, available for sale, at fair value	2,063	2,022
Due After One Year Through five Years [Member]
Debt Securities, Available-for-sale, Amortized Cost	6,972	7,964
Debt securities, available for sale, at fair value	7,562	8,709
Due after five years through ten years [Member]
Debt Securities, Available-for-sale, Amortized Cost	6,959	6,958
Debt securities, available for sale, at fair value	6,898	7,364
Due After Ten Years [Member]
Debt Securities, Available-for-sale, Amortized Cost	8,733	8,734
Debt securities, available for sale, at fair value	$ 9,194	$ 10,650

Investments (Details 2)

Investments (Details 2) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020	Mar. 31, 2020	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Total cash and cash equivalents	$ 44,913	$ 26,410	$ 24,452	$ 29,037	$ 24,912	$ 18,439
Cash equivalents [Member]
Total cash and cash equivalents	36,688	24,336		28,122
Cash [Member]
Total cash and cash equivalents	$ 8,225	$ 2,074		$ 915

Investments (Details 3)

Investments (Details 3) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Gross investment income	$ 207	$ 362	$ 1,070	$ 1,680	$ 816
Less investment expenses	14	15	53	54	58
Net investment income	193	347	1,017	1,626	758
Total bonds and notes [Member]
Gross investment income	204	266	954	971	364
Cash and Cash Equivalents [Member]
Gross investment income	$ 3	$ 96	$ 116	$ 709	$ 452

Investments (Details 4)

Investments (Details 4) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Investments, Debt and Equity Securities [Abstract]
Gross gains from sales of bonds and notes	$ 1	$ 17	$ 17
Other	(142)
Realized capital gains (losses) before taxes and transfer to IMR	(141)	17	17
Tax on realized capital gains (losses)	(100)	(24)	(155)
Transfer to interest maintenance reserve	0	(13)	(13)
Net realized capital (losses)	$ (241)	$ (20)	$ (151)

Investments (Details 5)

Investments (Details 5) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Industrial and miscellaneous [Member]
Less Than Twelve Months Fair Value	$ 4,651	$ 1,004
Less Than Twelve Months Unrealized Loss	(321)	(1)
Twelve Months or Greater Fair Value
Twelve Months or Greater Unrealized Loss
Fair Value	4,651	1,004
Unrealized Loss	(321)	(1)
Non-mortgage asset-backed securities [Member]
Less Than Twelve Months Fair Value	1,955	990
Less Than Twelve Months Unrealized Loss	(16)	(8)
Twelve Months or Greater Fair Value
Twelve Months or Greater Unrealized Loss
Fair Value	1,955	990
Unrealized Loss	(16)	(8)
Total bonds and notes [Member]
Less Than Twelve Months Fair Value	6,606	1,994
Less Than Twelve Months Unrealized Loss	(337)	(9)
Twelve Months or Greater Fair Value
Twelve Months or Greater Unrealized Loss
Fair Value	6,606	1,994
Unrealized Loss	$ (337)	$ (9)

Investments (Details Narrative)

Investments (Details Narrative) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Investments, Debt and Equity Securities [Abstract]
Proceeds from sale of debt securities			$ 2,002	$ 338	$ 651
Debt securities and cash, carrying value	$ 321		28,240	32,342
Securities with a fair value	6,606		2,119	2,120
Net realized capital (losses)	15	$ 49	$ 100	$ 23	$ 154
Unrealized loss on commercial mortgage backed security	16
Unrealized loss on non-mortgage asset-backed security	$ 8

Fair Value (Details)

Fair Value (Details) - Recurring [Member] - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Assets, Fair Value Disclosure	$ 285,783	$ 254,650	$ 197,776
Financial and Nonfinancial Liabilities, Fair Value Disclosure	249,095	230,314	169,654
Cash and Cash Equivalents [Member]
Assets, Fair Value Disclosure	36,688	24,336	28,122
Separate Account Assets [Member]
Assets, Fair Value Disclosure	249,095	230,314	169,654
Separate Account Liabilities [Member]
Financial and Nonfinancial Liabilities, Fair Value Disclosure	249,095	230,314	169,654
Level 1 [Member]
Assets, Fair Value Disclosure	36,688	24,336	28,122
Financial and Nonfinancial Liabilities, Fair Value Disclosure
Level 1 [Member] | Cash and Cash Equivalents [Member]
Assets, Fair Value Disclosure	36,688	24,336	28,122
Level 1 [Member] | Separate Account Assets [Member]
Assets, Fair Value Disclosure
Level 1 [Member] | Separate Account Liabilities [Member]
Financial and Nonfinancial Liabilities, Fair Value Disclosure
Fair Value, Inputs, Level 2 [Member]
Financial and Nonfinancial Liabilities, Fair Value Disclosure	249,095	230,314	169,654
Fair Value, Inputs, Level 2 [Member] | Cash and Cash Equivalents [Member]
Assets, Fair Value Disclosure
Fair Value, Inputs, Level 2 [Member] | Separate Account Assets [Member]
Assets, Fair Value Disclosure	249,095	230,314	169,654
Fair Value, Inputs, Level 2 [Member] | Separate Account Liabilities [Member]
Financial and Nonfinancial Liabilities, Fair Value Disclosure	249,095	230,314	169,654
Level 3 [Member]
Assets, Fair Value Disclosure
Financial and Nonfinancial Liabilities, Fair Value Disclosure
Level 3 [Member] | Cash and Cash Equivalents [Member]
Assets, Fair Value Disclosure
Level 3 [Member] | Separate Account Assets [Member]
Assets, Fair Value Disclosure
Level 3 [Member] | Separate Account Liabilities [Member]
Financial and Nonfinancial Liabilities, Fair Value Disclosure

Fair Value (Details 1)

Fair Value (Details 1) - USD ($) $ in Thousands	Mar. 31, 2021		Dec. 31, 2020		Dec. 31, 2019
Financial instruments recorded as assets:
Bonds and notes	$ 29,016		$ 30,309		$ 34,412
Separate account assets	249,095		230,314		169,654
Level 1 [Member]
Financial instruments recorded as assets:
Bonds and notes
Cash equivalents	36,688	[1]	24,336	[2]	28,122	[3]
Separate account assets
Financial instruments recorded as liabilities:
Separate account liabilities
Fair Value, Inputs, Level 2 [Member]
Financial instruments recorded as assets:
Bonds and notes	29,113		32,459		35,745
Cash equivalents		[1]		[2]		[3]
Separate account assets	249,095		230,314		169,654
Financial instruments recorded as liabilities:
Separate account liabilities	249,095		230,314		169,654
Level 3 [Member]
Financial instruments recorded as assets:
Bonds and notes	998		990
Cash equivalents		[1]		[2]		[3]
Separate account assets
Financial instruments recorded as liabilities:
Separate account liabilities
Carrying Amount [Member]
Financial instruments recorded as assets:
Bonds and notes	29,016		30,309		34,412
Cash equivalents	36,688	[1]	24,336	[2]	28,122	[3]
Separate account assets	249,095		230,314		169,654
Financial instruments recorded as liabilities:
Separate account liabilities	249,095		230,314		169,654
Estimate Fair Value [Member]
Financial instruments recorded as assets:
Bonds and notes	30,111		33,449		35,745
Cash equivalents	36,688	[1]	24,336	[2]	28,122	[3]
Separate account assets	249,095		230,314		169,654
Financial instruments recorded as liabilities:
Separate account liabilities	$ 249,095		$ 230,314		$ 169,654
[1]	Excludes cash of $8,225 that is not subject to fair value accounting.
[2]	Excludes cash of $2,074 that is not subject to fair value accounting.
[3]	Excludes cash of $915 that is not subject to fair value accounting.

Income Tax (Details)

Income Tax (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Income Tax Disclosure [Abstract]
Federal income tax expense (benefit) on operations	$ 256	$ (59)	$ (74)
Federal income tax expense on realized capital gains (losses)	100	23	154
Total federal income tax expense (benefit)	$ 356	$ (36)	$ 80

Income Tax (Details 1)

Income Tax (Details 1) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Valuation Allowance [Line Items]
Adjusted gross deferred tax assets	$ 1,108	$ 1,010	$ 828	$ 596
Total deferred tax liabilities	(197)	(340)	(367)	(498)
Net deferred tax asset (excluding nonadmitted)	911	670	461	98
Tax effect of unrealized capital gains and losses, unrealized foreign exchange capital gains and losses, and changes as a result of other surplus adjustments			24
Change in net deferred income tax	241	209	387
Change [Member]
Valuation Allowance [Line Items]
Adjusted gross deferred tax assets	98	182	232
Total deferred tax liabilities	143	27	131
Net deferred tax asset (excluding nonadmitted)	$ 241	$ 209	$ 363

Income Tax (Details 2)

Income Tax (Details 2) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Effective Income Tax Rate Reconciliation, Amount [Abstract]
Tax expense computed at federal corporate rate	$ 43	$ 54	$ 116	$ 258	$ 108
Foreign tax credit	(8)	(10)	(32)	(40)
Income tax (benefit) related to prior years	(21)	(34)	(82)	(159)	(240)
Nonadmitted assets	(142)	96	161	(247)	(134)
Interest maintenance reserve amortization	5	6	26	29	33
Dividends received deductions	(19)	(21)	(76)	(87)	(59)
Other			3	2	(15)
Total statutory income taxes	(142)	91	116	(244)	(307)
Federal income tax expense	199	46	356	(36)	80
Change in net deferred income tax	(341)	45	(240)	(208)	(387)
Total statutory income taxes	$ (142)	$ 91	$ 116	$ (244)	$ (307)

Income Tax (Details 3)

Income Tax (Details 3) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Gross deferred tax assets	$ 1,108	$ 1,010
Statutory valuation allowance adjustment
Adjusted gross deferred tax assets	1,108	1,010	$ 828	$ 596
Deferred tax assets nonadmitted	(656)
Admitted deferred tax assets	452	1,010
Deferred tax liabilities	(197)	(340)
Net admitted deferred tax assets	255	670
Change [Member]
Gross deferred tax assets	98
Adjusted gross deferred tax assets	98	182	$ 232
Deferred tax assets nonadmitted	(656)
Admitted deferred tax assets	(558)
Deferred tax liabilities	143
Net admitted deferred tax assets	(415)
Ordinary [Member]
Gross deferred tax assets	1,108	1,010
Statutory valuation allowance adjustment
Adjusted gross deferred tax assets	1,108	1,010
Deferred tax assets nonadmitted	(656)
Admitted deferred tax assets	452	1,010
Net admitted deferred tax assets	452	1,010
Ordinary [Member] | Change [Member]
Gross deferred tax assets	98
Statutory valuation allowance adjustment
Adjusted gross deferred tax assets	98
Deferred tax assets nonadmitted	(656)
Admitted deferred tax assets	(558)
Deferred tax liabilities
Net admitted deferred tax assets	(558)
Capital [Member]
Gross deferred tax assets
Statutory valuation allowance adjustment
Adjusted gross deferred tax assets
Deferred tax assets nonadmitted
Admitted deferred tax assets
Deferred tax liabilities	(197)	(340)
Net admitted deferred tax assets	(197)	$ (340)
Capital [Member] | Change [Member]
Gross deferred tax assets
Statutory valuation allowance adjustment
Adjusted gross deferred tax assets
Deferred tax assets nonadmitted
Admitted deferred tax assets
Deferred tax liabilities	143
Net admitted deferred tax assets	$ 143

Income Tax (Details 4)

Income Tax (Details 4) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Deferred tax assets
Life reserves method change	$ 4	$ 7
Investments	6
Deferred acquisition costs	807	479
Miscellaneous nonadmitted assets	223	384
Other - accrued general expense	68	140
Subtotal ordinary deferred tax assets	1,108	1,010
Nonadmitted ordinary deferred tax assets	(656)
Admitted ordinary deferred tax assets	452	1,010
Admitted deferred tax assets	452	1,010
Capital deferred tax liabilities:
Investments	(197)	(340)
Subtotal capital deferred tax liabilities	(197)	(340)
Total deferred tax liabilities	(197)	(340)
Net admitted deferred tax asset	255	$ 670
Change [Member]
Deferred tax assets
Life reserves method change	(3)
Investments	6
Deferred acquisition costs	328
Miscellaneous nonadmitted assets	(161)
Other - accrued general expense	(72)
Subtotal ordinary deferred tax assets	98
Nonadmitted ordinary deferred tax assets	(656)
Admitted ordinary deferred tax assets	(558)
Admitted deferred tax assets	(558)
Capital deferred tax liabilities:
Investments	143
Subtotal capital deferred tax liabilities	143
Total deferred tax liabilities	143
Net admitted deferred tax asset	$ (415)

Income Tax (Details 5)

Income Tax (Details 5) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Federal income taxes paid in prior years recoverable through loss carrybacks
Adjusted gross deferred tax assets expected to be realized after application of the threshold limitation	255	680
Tax assets expected to be realized following the balance sheet date	255	680
Adjusted gross deferred tax assets allowed per limitation threshold	6,067	5,898
Adjusted gross deferred tax assets offset by gross deferred tax liabilities	197	330
Admitted deferred tax assets	452	1,010
Change [Member]
Federal income taxes paid in prior years recoverable through loss carrybacks
Adjusted gross deferred tax assets expected to be realized after application of the threshold limitation		(425)
Tax assets expected to be realized following the balance sheet date		(425)
Adjusted gross deferred tax assets allowed per limitation threshold		169
Adjusted gross deferred tax assets offset by gross deferred tax liabilities		(133)
Admitted deferred tax assets		(558)
Ordinary [Member]
Federal income taxes paid in prior years recoverable through loss carrybacks
Adjusted gross deferred tax assets expected to be realized after application of the threshold limitation	255	680
Tax assets expected to be realized following the balance sheet date	255	680
Adjusted gross deferred tax assets allowed per limitation threshold
Adjusted gross deferred tax assets offset by gross deferred tax liabilities	197	330
Admitted deferred tax assets	452	1,010
Ordinary [Member] | Change [Member]
Federal income taxes paid in prior years recoverable through loss carrybacks
Adjusted gross deferred tax assets expected to be realized after application of the threshold limitation		(425)
Tax assets expected to be realized following the balance sheet date		(425)
Adjusted gross deferred tax assets allowed per limitation threshold
Adjusted gross deferred tax assets offset by gross deferred tax liabilities		(133)
Admitted deferred tax assets		(558)
Capital [Member]
Federal income taxes paid in prior years recoverable through loss carrybacks
Adjusted gross deferred tax assets expected to be realized after application of the threshold limitation
Tax assets expected to be realized following the balance sheet date
Adjusted gross deferred tax assets allowed per limitation threshold
Adjusted gross deferred tax assets offset by gross deferred tax liabilities
Admitted deferred tax assets
Capital [Member] | Change [Member]
Federal income taxes paid in prior years recoverable through loss carrybacks
Adjusted gross deferred tax assets expected to be realized after application of the threshold limitation
Tax assets expected to be realized following the balance sheet date
Adjusted gross deferred tax assets allowed per limitation threshold
Adjusted gross deferred tax assets offset by gross deferred tax liabilities
Admitted deferred tax assets

Income Tax (Details 6)

Income Tax (Details 6) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Income Tax Disclosure [Abstract]
Ratio percentage used to determine recovery period and threshold limitation amount (RBC reporting entity)	10514.00%	10916.00%
Recovery period used	3 years	3 years
Percentage of adjusted capital and surplus used	15.00%	15.00%
Amount of adjusted capital and surplus used	$ 40,444	$ 39,319

Income Tax (Details Narrative)

Income Tax (Details Narrative) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020	Dec. 31, 2019
Income Tax Disclosure [Abstract]
Effective income tax rate reconciliation, at federal statutory income tax rate, percent	21.00%	21.00%	21.00%
Accruals for payment of interest and penalties			$ 2	$ 2
Recognized a reduction in interest and penalties
Nonadmitted deferred tax asset increased			$ 656

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Due from Related Parties, Current	$ 25	$ 223	$ 8
Due to Related Parties, Current	20,491	18,329	8,626
CMFG Life Insurance Company [Member]
Due from Related Parties, Current		218
Due to Related Parties, Current	15,711	14,680	5,093
Other Related Parties
Due from Related Parties, Current	25	5	8
Due to Related Parties, Current	149	136	150
CUNA Brokerage Services, Inc [Member]
Due to Related Parties, Current	$ 4,631	$ 3,513	$ 3,383

Related Party Transactions (D_2

Related Party Transactions (Details 1) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Capital contribution to MLIC			$ 20,653
CMIC Related Parties [Member]
Capital contribution to MLIC			$ 20,653

Related Party Transactions (D_3

Related Party Transactions (Details Narrative) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Related Party Transactions [Abstract]
Expenses reimbursed	$ 13,085	$ 11,358	$ 47,364	$ 38,579	$ 30,131
Investment management fees	14	15	54	54	58
Commission Expense	10,970	9,401	36,884	34,180	29,996
Commissions paid to non-affiliates	$ 9,972	$ 4,405	$ 18,715	$ 12,994	$ 8,136

Reinsurance (Details)

Reinsurance (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Premiums Written and Earned
Direct Premiums Written	$ 336,936	$ 308,418	$ 1,170,733	$ 995,842	$ 830,582
Direct Premiums Unearned	(336,936)	(308,418)	(1,170,733)	(995,842)	(830,582)
Direct Premiums Earned
Contract revenue direct	(920)	313	(836)	1,865	2,106
Contract revenue ceded to affiliate	920	(313)	836	(1,865)	(2,106)
Contract charges, net
Policyholder Benefits and Claims Incurred, Net
Policyholder Benefits and Claims Incurred, Direct	113,528	67,365	348,428	158,793	94,123
Policyholder Benefits and Claims Incurred, Ceded to affiliates	(113,528)	(67,365)	(348,428)	(158,793)	(94,123)
Policyholder Benefits and Claims Incurred, Net
Interest credited to policyholder account balances, Direct	2,285	(1,420)	(2,136)	3,630	2,536
Interest credited to policyholder account balances, Ceded to affiliate	(2,285)	1,420	2,136	(3,630)	(2,536)
Interest credited to policyholder account balances, net

Reinsurance (Details Narrative)

Reinsurance (Details Narrative) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Reinsurance Recoverables, Including Reinsurance Premium Paid [Abstract]
Deposit contracts	$ 102,791	$ 86,481	$ 70,391
Commissions	$ 506	$ (668)	$ 766

Annuity Reserves and Deposit-_3

Annuity Reserves and Deposit-Type Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Subject to discretionary withdrawal - lump sum:
With market value adjustment
At book value less surrender charge of 5% or more
At fair value
Total with adjustment or at fair value
At book value with minimal or no charge adjustment
Not subject to discretionary withdrawal	4,473	3,873
Gross annuity reserves and deposit liabilities	4,473	3,873
Reinsurance ceded	4,473	3,873
Total annuity reserves and deposit liabilities
Subject to discretionary withdrawal - lump sum (in percentage):
With market value adjustment in percentage	0.00%	0.00%
At book value less surrender charge of 5% or more in percentage	0.00%	0.00%
At fair value in percentage	0.00%	0.00%
Total with adjustment or at fair value in percentage	0.00%	0.00%
At book value with minimal or no charge adjustment in percentage	0.00%	0.00%
Not subject to discretionary withdrawal in percentage	100.00%	100.00%
Gross annuity reserves and deposit liabilities in percentage	100.00%	100.00%
Individual Annuities [Member]
Subject to discretionary withdrawal - lump sum:
With market value adjustment	$ 5,050,170	$ 4,076,413
At book value less surrender charge of 5% or more	2,851	6,019
At fair value	220,969	161,987
Total with adjustment or at fair value	5,273,990	4,244,419
At book value with minimal or no charge adjustment	59,739	327
Not subject to discretionary withdrawal	7,074	4,863
Gross annuity reserves and deposit liabilities	5,340,803	4,249,609
Reinsurance ceded	5,119,834	4,087,622
Total annuity reserves and deposit liabilities	$ 220,969	$ 161,987
Subject to discretionary withdrawal - lump sum (in percentage):
With market value adjustment in percentage	94.60%	95.90%
At book value less surrender charge of 5% or more in percentage	0.10%	0.10%
At fair value in percentage	4.10%	3.90%
Total with adjustment or at fair value in percentage	98.80%	99.90%
At book value with minimal or no charge adjustment in percentage	1.10%	0.00%
Not subject to discretionary withdrawal in percentage	0.10%	0.10%
Gross annuity reserves and deposit liabilities in percentage	100.00%	100.00%
General Account [Member]
Subject to discretionary withdrawal - lump sum:
With market value adjustment
At book value less surrender charge of 5% or more
At fair value
Total with adjustment or at fair value
At book value with minimal or no charge adjustment
Not subject to discretionary withdrawal	4,473	3,873
Gross annuity reserves and deposit liabilities	4,473	3,873
Reinsurance ceded	4,473	3,873
Total annuity reserves and deposit liabilities
General Account [Member] | Individual Annuities [Member]
Subject to discretionary withdrawal - lump sum:
With market value adjustment
At book value less surrender charge of 5% or more	2,851	6,019
At fair value
Total with adjustment or at fair value	2,851	6,019
At book value with minimal or no charge adjustment	205	327
Not subject to discretionary withdrawal	7,074	4,863
Gross annuity reserves and deposit liabilities	10,130	11,209
Reinsurance ceded	10,130	11,209
Total annuity reserves and deposit liabilities
Separate Account With Guarantees [Member]
Subject to discretionary withdrawal - lump sum:
With market value adjustment
At book value less surrender charge of 5% or more
At fair value
Total with adjustment or at fair value
At book value with minimal or no charge adjustment
Not subject to discretionary withdrawal
Gross annuity reserves and deposit liabilities
Reinsurance ceded
Total annuity reserves and deposit liabilities
Separate Account With Guarantees [Member] | Individual Annuities [Member]
Subject to discretionary withdrawal - lump sum:
With market value adjustment	5,050,170	4,076,413
At book value less surrender charge of 5% or more
At fair value
Total with adjustment or at fair value	5,050,170	4,076,413
At book value with minimal or no charge adjustment	59,534
Not subject to discretionary withdrawal
Gross annuity reserves and deposit liabilities	5,109,704	4,076,413
Reinsurance ceded	5,109,704	4,076,413
Total annuity reserves and deposit liabilities
Separate Account Nonguaranteed [Member]
Subject to discretionary withdrawal - lump sum:
With market value adjustment
At book value less surrender charge of 5% or more
At fair value
Total with adjustment or at fair value
Not subject to discretionary withdrawal
Gross annuity reserves and deposit liabilities
Reinsurance ceded
Total annuity reserves and deposit liabilities
Separate Account Nonguaranteed [Member] | Individual Annuities [Member]
Subject to discretionary withdrawal - lump sum:
With market value adjustment
At book value less surrender charge of 5% or more
At fair value	220,969	161,987
Total with adjustment or at fair value	220,969	161,987
At book value with minimal or no charge adjustment
Not subject to discretionary withdrawal
Gross annuity reserves and deposit liabilities	220,969	161,987
Reinsurance ceded
Total annuity reserves and deposit liabilities	$ 220,969	$ 161,987

Annuity Reserves and Deposit-_4

Annuity Reserves and Deposit-Type Liabilities (Details 1) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Subject to discretionary withdrawal - lump sum:
With market value adjustment
At book value less surrender charge of 5% or more
At fair value
Total with adjustment or at fair value
At book value with minimal or no charge adjustment
Not subject to discretionary withdrawal	4,473	3,873
Gross annuity reserves and deposit liabilities	4,473	3,873
Reinsurance ceded	4,473	3,873
Total annuity reserves and deposit liabilities
Subject to discretionary withdrawal - lump sum (in percentage):
With market value adjustment in percentage	0.00%	0.00%
At book value less surrender charge of 5% or more in percentage	0.00%	0.00%
At fair value in percentage	0.00%	0.00%
Total with adjustment or at fair value in percentage	0.00%	0.00%
At book value with minimal or no charge adjustment in percentage	0.00%	0.00%
Not subject to discretionary withdrawal in percentage	100.00%	100.00%
Gross annuity reserves and deposit liabilities in percentage	100.00%	100.00%
General Account [Member]
Subject to discretionary withdrawal - lump sum:
With market value adjustment
At book value less surrender charge of 5% or more
At fair value
Total with adjustment or at fair value
At book value with minimal or no charge adjustment
Not subject to discretionary withdrawal	4,473	3,873
Gross annuity reserves and deposit liabilities	4,473	3,873
Reinsurance ceded	4,473	3,873
Total annuity reserves and deposit liabilities
Separate Account With Guarantees [Member]
Subject to discretionary withdrawal - lump sum:
With market value adjustment
At book value less surrender charge of 5% or more
At fair value
Total with adjustment or at fair value
At book value with minimal or no charge adjustment
Not subject to discretionary withdrawal
Gross annuity reserves and deposit liabilities
Reinsurance ceded
Total annuity reserves and deposit liabilities
Separate Account Nonguaranteed [Member]
Subject to discretionary withdrawal - lump sum:
With market value adjustment
At book value less surrender charge of 5% or more
At fair value
Total with adjustment or at fair value
Not subject to discretionary withdrawal
Gross annuity reserves and deposit liabilities
Reinsurance ceded
Total annuity reserves and deposit liabilities

Annuity Reserves and Deposit-_5

Annuity Reserves and Deposit-Type Liabilities (Details 2) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
General Account [Member] | Account Value [Member]
Subject to discretionary withdrawal, surrender values, or policy loans:
Term policies with cash value
Universal life	2,649	2,816
Other permanent cash value life insurance
Miscellaneous reserves
Not subject to discretionary withdrawal or no cash values:
Term policies with cash value
Accidental death benefits
Disability - active lives
Disability - disabled lives
Gross reserves before reinsurance	2,649	2,816
Ceded reinsurance	2,649	2,816
General Account [Member] | Cash Value [Member]
Subject to discretionary withdrawal, surrender values, or policy loans:
Term policies with cash value	38	48
Universal life	2,649	2,816
Other permanent cash value life insurance	11,474	11,812
Miscellaneous reserves	36	35
Not subject to discretionary withdrawal or no cash values:
Gross reserves before reinsurance	14,197	14,711
Ceded reinsurance	14,197	14,711
General Account [Member] | Reserve [Member]
Subject to discretionary withdrawal, surrender values, or policy loans:
Term policies with cash value	68	85
Universal life	2,704	2,878
Other permanent cash value life insurance	12,353	12,712
Miscellaneous reserves	34	35
Not subject to discretionary withdrawal or no cash values:
Term policies with cash value	4,465	4,954
Accidental death benefits	7	7
Disability - active lives	3	3
Disability - disabled lives	113	122
Miscellaneous reserves	64	72
Gross reserves before reinsurance	19,811	20,868
Ceded reinsurance	19,811	20,868
Separate Account Guaranteed and Non Guaranteed [Member] | Account Value [Member]
Subject to discretionary withdrawal, surrender values, or policy loans:
Term policies with cash value
Universal life
Other permanent cash value life insurance
Miscellaneous reserves
Not subject to discretionary withdrawal or no cash values:
Term policies with cash value
Accidental death benefits
Disability - active lives
Disability - disabled lives
Miscellaneous reserves
Gross reserves before reinsurance
Ceded reinsurance
Separate Account Guaranteed and Non Guaranteed [Member] | Cash Value [Member]
Subject to discretionary withdrawal, surrender values, or policy loans:
Term policies with cash value
Universal life
Other permanent cash value life insurance
Miscellaneous reserves
Not subject to discretionary withdrawal or no cash values:
Term policies with cash value
Accidental death benefits
Disability - active lives
Disability - disabled lives
Miscellaneous reserves
Gross reserves before reinsurance
Ceded reinsurance
Separate Account Guaranteed and Non Guaranteed [Member] | Reserve [Member]
Subject to discretionary withdrawal, surrender values, or policy loans:
Term policies with cash value
Universal life
Other permanent cash value life insurance
Miscellaneous reserves
Not subject to discretionary withdrawal or no cash values:
Term policies with cash value
Accidental death benefits
Disability - active lives
Disability - disabled lives
Miscellaneous reserves
Gross reserves before reinsurance
Ceded reinsurance

Statutory Financial Data and _2

Statutory Financial Data and Dividend Restrictions (Details Narrative) $ in Thousands	Dec. 31, 2021USD ($)
Subsequent Event [Member]
Subsequent Event [Line Items]
2021 dividends without prior approval	$ 4,070

Commitments and Contingencies (

Commitments and Contingencies (Details Narrative) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Commitments and Contingencies Disclosure [Abstract]
Guaranty fund assessments	$ 132	$ 132	$ 116
Recoveries of assessments from premium taxes	5 years	5 years

Unassigned Surplus (Details)

Unassigned Surplus (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Nonadmitted assets:
Net deferred tax asset	$ 656
Prepaid expenses	491
Interest maintenance reserve	907	1,029
Other	574	1,831
Total nonadmitted assets	2,628	2,860
Asset valuation reserve		$ 40

Separate Accounts (Details)

Separate Accounts (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Indexed With Guarantees [Member]
Reserves with assets held:
At fair value
At amortized cost
Total
Reserves with assets subject to discretionary withdrawal:
At fair value
With fair value adjustment
Not subject to discretionary withdrawal
Total
Non-Guaranteed [Member]
Reserves with assets held:
At fair value	220,969	161,987
At amortized cost
Total	220,969	161,987
Reserves with assets subject to discretionary withdrawal:
At fair value	220,969	161,987
With fair value adjustment
Not subject to discretionary withdrawal
Total	$ 220,969	$ 161,987

Separate Accounts (Details 1)

Separate Accounts (Details 1) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Indexed With Guarantees [Member]
Non-guaranteed premiums, considerations and deposits received for separate account policies
Total
Non-Guaranteed [Member]
Non-guaranteed premiums, considerations and deposits received for separate account policies	220,969	161,987
Total	$ 220,969	$ 161,987

Separate Accounts (Details 2)

Separate Accounts (Details 2) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Indexed With Guarantees [Member]
Transfers to separate accounts
Transfers from separate accounts
Valuation adjustment
Net transfers to separate accounts
Non-Guaranteed [Member]
Transfers to separate accounts	1,170,261	990,809
Transfers from separate accounts	(1,141,308)	(952,622)
Valuation adjustment	2,955	2,131
Net transfers to separate accounts	$ 31,908	$ 40,318