Midwest Holding (MDWT) 10-K 31 Mar 15 2014 FY Annual report Financial data

Document_and_Entity_Informatio

Document and Entity Information (USD $)	12 Months Ended
	Dec. 31, 2014	Mar. 01, 2015	Jun. 30, 2014
Document and Entity Information [Abstract]
Entity Registrant Name	MIDWEST HOLDING INC.
Entity Central Index Key	355379
Current Fiscal Year End Date	-19
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		13,167,654
Document Type	10-K
Amendment Flag	FALSE
Document Period End Date	31-Dec-14
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2014
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Entity Current Reporting Status	Yes
Entity Public Float			$0

Consolidated_Balance_Sheets

Consolidated Balance Sheets (USD $)	Dec. 31, 2014	Dec. 31, 2013
Investments, available for sale, at fair value
Fixed maturities (amortized cost: $19,289,551 and $14,932,459, respectively)	$18,954,190	$14,190,707
Equity securities (cost: $75,000 and $75,000, respectively)	75,000	75,000
Equity method investments	978,744	1,800,859
Equity securities, at cost	124,250	1,258,861
Mortgage loans on real estate, held for investment	349,386	665,569
Real estate, held for investment	541,809	553,849
Policy Loans	374,186	369,513
Notes receivable		27,383
Short-term investments		1,180,314
Total investments	21,397,565	20,122,055
Cash and cash equivalents	2,310,047	3,377,978
Amounts recoverable from reinsurers	29,012,678	30,660,618
Interest and dividends due and accrued	192,879	189,280
Due premiums	649,478	653,137
Deferred acquisition costs, net	2,646,970	2,722,819
Value of business acquired, net	733,386	821,771
Intangible assets	700,000	700,000
Goodwill	1,129,824	1,129,824
Property and equipment, net	329,835	372,368
Other assets	1,324,456	1,473,745
Total assets	60,427,118	62,223,595
Liabilities:
Benefit reserves	33,310,360	33,866,409
Policy claims	1,045,503	529,139
Deposit-type contracts	16,461,061	14,739,655
Advance premiums	82,504	87,850
Total policy liabilities	50,899,428	49,223,053
Accounts payable and accrued expenses	940,955	1,451,464
Surplus notes	550,000	550,000
Total liabilities	52,390,383	51,224,517
Commitments and Contingencies (See Note 8)
Stockholders' Equity:
Common stock, $0.001 par value. Authorized 120,000,000 shares; issued and outstanding 13,167,654 and 9,120,239 shares, respectively.	13,168	9,121
Additional paid-in capital	29,583,631	25,131,714
Stock subscription receivable		-1,917
Accumulated deficit	-21,167,496	-17,722,510
Accumulated other comprehensive loss	-392,745	-740,091
Total Midwest Holding Inc.'s stockholders' equity	8,036,735	6,676,391
Noncontrolling interests		4,322,687
Total stockholders' equity	8,036,735	10,999,078
Total liabilities and stockholders' equity	60,427,118	62,223,595
Series A Preferred Stock [Member]
Stockholders' Equity:
Preferred stock	74	74
Series B Preferred Stock [Member]
Stockholders' Equity:
Preferred stock	$103

Consolidated_Balance_Sheets_Pa

Consolidated Balance Sheets (Parenthetical) (USD $)	Dec. 31, 2014	Dec. 31, 2013
Amortized costs of fixed maturities (in dollars)	$19,289,551	$14,932,459
Amortized costs of equity securities (in dollars)	$75,000	$75,000
Common stock, par value (in dollars per share)	$0.00	$0.00
Common stock, shares authorized	120,000,000	120,000,000
Common stock, shares issued	13,167,654	9,120,239
Common stock, shares outstanding	13,167,654	9,120,239
Series A Preferred Stock [Member]
Preferred stock, par value (in dollars per share)	$0.00	$0.00
Preferred stock, liquidation preference per share	$6	$6
Preferred stock, shares authorized	2,000,000	2,000,000
Preferred stock, shares issued	74,159	74,159
Preferred stock, shares outstanding	74,159	74,159
Series B Preferred Stock [Member]
Preferred stock, par value (in dollars per share)	$0.00	$0.00
Preferred stock, liquidation preference per share	$6	$6
Preferred stock, shares authorized	1,000,000	1,000,000
Preferred stock, shares issued	102,669
Preferred stock, shares outstanding	102,669

Consolidated_Statements_of_Com

Consolidated Statements of Comprehensive Income (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Income:
Premiums	$4,007,810	$4,331,329
Investment income (loss), net of expenses	-9,883	518,049
Net realized gains on investments	346,304	5,736
Miscellaneous income	295,246	246,328
Total Income	4,639,477	5,101,442
Expenses:
Death and other benefits	1,326,904	676,524
Increase in benefit reserves	1,072,740	1,282,878
Amortization of deferred acquisition costs	625,680	861,840
Salaries and benefits	2,359,140	1,945,723
Other operating expenses	3,160,919	2,556,094
Total Expenses	8,545,383	7,323,059
Loss before income tax expense	-3,905,906	-2,221,617
Income tax expense
Net loss	-3,905,906	-2,221,617
Less: Loss attributable to noncontrolling interest	-460,920	-267,481
Net loss attributable to Midwest Holding Inc.	-3,444,986	-1,954,136
Comprehensive income (loss):
Unrealized gains (losses) on investments arising during period	388,277	-701,973
Less: reclassification adjustment for net realized gains on investments	-4,391	-5,736
Other comprehensive income (loss)	383,886	-707,709
Less: Comprehensive income (loss) attributable to noncontrolling interest	36,540	-31,970
Total comprehensive income (loss) income attributable to Midwest Holding Inc.	347,346	-675,739
Comprehensive loss attributable to Midwest Holding Inc.	($3,097,640)	($2,629,875)
Net loss attributable to Midwest Holding Inc. per common share, basic and diluted	($0.32)	($0.29)

Consolidated_Statements_of_Sto

Consolidated Statements of Stockholders' Equity (USD $)	Total	Preferred Stock [Member]	Common Stock [Member]	Additional Paid-In Capital [Member]	Stock Subscription Receivable [Member]	Accumulated Deficit [Member]	Accumulated Other Comprehensive Loss [Member]	Total Midwest Holding Inc.'s Stockholders' Equity [Member]	Noncontrolling Interest [Member]
Balance at Dec. 29, 2012
Equity Method for Pacific Northwest Capital Corp. at Dec. 30, 2012 (Previously reported)	($11,380)					($11,380)		($11,380)
Balance at Dec. 31, 2012 (Previously reported)	14,241,248	74	9,106	25,361,520	-13,417	-15,756,994	-64,352	9,535,937	4,705,311
Balance at Dec. 31, 2012	14,229,868	74	9,106	25,361,520	-13,417	-15,768,374	-64,352	9,524,557	4,705,311
Non-cash compensation expense	11,500				11,500			11,500
Issuances of stock, net of capital raising expenses			60	-60
Repurchases of common stock	-215,783		-45	-215,738				-215,783
Changes in equity of non-controlling interest	-97,181			-14,008				-14,008	-83,173
Net loss	-2,221,617					-1,954,136		-1,954,136	-267,481
Other comprehensive income (loss)	-707,709						-675,739	-675,739	-31,970
Balance at Dec. 31, 2013	10,999,078	74	9,121	25,131,714	-1,917	-17,722,510	-740,091	6,676,391	4,322,687
Non-cash compensation expense	1,917				1,917			1,917
Issuances of stock, net of capital raising expenses	616,012	103		615,909				616,012
Repurchases of common stock	-58,252		-47	-58,205				-58,252
Changes in equity of non-controlling interest			4,094	3,894,213				3,898,307	-3,898,307
Net loss	-3,905,906					-3,444,986		-3,444,986	-460,920
Other comprehensive income (loss)	383,886						347,346	347,346	36,540
Balance at Dec. 31, 2014	$8,036,735	$177	$13,168	$29,583,631		($21,167,496)	($392,745)	$8,036,735

Consolidated_Statements_of_Cas

Consolidated Statements of Cash Flows (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Cash Flows from Operating Activities:
Net loss	($3,905,906)	($2,221,617)
Adjustments to reconcile net loss to net cash and cash equivalents provided by (used in) operating activities:
Net adjustment for premium and discount on investments	174,471	138,957
Depreciation and amortization	275,082	322,809
Deferred acquisition costs capitalized	-549,831	-933,702
Amortization of deferred acquisition costs	625,680	861,840
Net realized gains on investments	-346,304	-5,736
Equity in the net loss of unconsolidated subsidiaries	438,174	13,720
Non-cash compensation expense	1,917	11,500
Changes in operating assets and liabilities:
Amounts recoverable from reinsurers	1,647,940	1,604,845
Interest and dividends due and accrued	-3,599	-42,342
Due premiums	3,659	166,986
Policy liabilities	-334,300	-260,257
Other assets and liabilities	-361,220	855,762
Net cash (used in) provided by operating activities	-2,334,237	512,765
Cash Flows from Investing Activities:
Purchases	-14,244,320	-10,334,469
Proceeds from sale or maturity	9,660,991	7,088,586
Purchases	-61,383	-15,000
Proceeds from sale or maturity	1,955,500	9,000
Proceeds from payments on mortgage loans on real estate, held for investment	316,183	11,442
Net change in policy loans	-4,673	-94,849
Net change in notes receivable	27,383
Net change in short-term investments	1,180,314	-9,034
Purchases of property and equipment	-132,124	-94,491
Net cash (used in) investing activities	-1,302,129	-3,438,815
Cash Flows from Financing Activities:
Repurchases of common stock	-58,252	-215,783
Proceeds from issuance of preferred stock	616,012
Payments on surplus notes		-100,000
Net transfers from noncontrolling interest		-97,181
Receipts on deposit-type contracts	2,409,659	2,636,959
Withdrawals on deposit-type contracts	-398,984	-266,522
Net cash provided by financing activities	2,568,435	1,957,473
Net increase (decrease) in cash and cash equivalents	-1,067,931	-968,577
Cash and cash equivalents:
Beginning	3,377,978	4,346,555
Ending	2,310,047	3,377,978
Supplemental Disclosure of Non-Cash Information
Exchange of common stock for non-controlling interest	$3,861,768

Nature_of_Operations_and_Summa

Nature of Operations and Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2014
Nature of Operations and Summary of Significant Accounting Policies [Abstract]
Nature of Operations and Summary of Significant Accounting Policies	Note 1. Nature of Operations and Summary of Significant Accounting Policies
	Nature of operations: Midwest Holding Inc. (Midwest or the Company) was incorporated in Nebraska on October 31, 2003 for the primary purpose of organizing a life insurance subsidiary. From 2003 to May 2009, Midwest was focused on raising capital, first through private placements and finally through an intra-state offering of 2,000,000 common shares at $5.00 per share. These offerings sold out, including a 10% over sale on the final offering. Midwest became operational during the year ended December 31, 2009. Upon capitalizing American Life & Security Corp. (American Life) and acquiring Capital Reserve Life Insurance Company (Capital Reserve), as described below, Midwest deemed it prudent to raise additional capital to fund primarily the expansion of the life insurance operation. Beginning in 2009, American Life, a wholly owned subsidiary of Midwest, was authorized to do business in the State of Nebraska. American Life was also granted a certificate of authority to write insurance in the State of Nebraska on September 1, 2009. American Life is engaged in the business of underwriting, selling, and servicing life insurance and annuity policies.
	During the second quarter of 2010, American Life completed the purchase of a 100% ownership interest in Capital Reserve, a dormant insurance company domiciled in Missouri. Capital Reserve is licensed in the states of Kansas and Missouri. Currently, 100% of the policies issued by Capital Reserve are reinsured to an unaffiliated reinsurer.
	In August, 2010, Midwest began an exempt offering of shares to existing holders in the state of Nebraska at $5.00 per share. Midwest raised approximately $7,400,000 before capital raising expenses through this offering that extended into 2011. Additionally, Midwest offered a newly-created class of preferred shares to residents of Latin America. The preferred shares are non-voting and convert to common shares in 2015 at the rate of 1.3 common shares for each preferred share (subject to customary anti-dilution adjustments). The shares were sold at $6.00 per share and a total of 74,159 were sold in 2010.
	On November 8, 2010, the Company entered into an agreement to acquire all of the issued and outstanding capital stock of Old Reliance Insurance Company (Old Reliance), an Arizona-domiciled life insurance company. The plan provided for American Life to merge into Old Reliance following the purchase, with the survivor changing its name to American Life & Security Corp. In the transaction, the sole shareholder of Old Reliance received: (i) Approximately $1.6 million in cash, (ii) $500,000 in the form of a surplus debenture issued by American Life, and (iii) 150,000 shares of voting common stock of the Company ($750,000 fair value). The transaction including the merger was consummated on August 3, 2011.
	During the third quarter of 2011, control was attained on a previous noncontrolling interest in Security Capital Corporation (Security Capital), an Arkansas corporation formerly known as Arkansas Security Capital Corporation. Security Capital is a development stage company that has not conducted operations apart from raising capital.
	In August 2011, the Company acquired a controlling interest ownership of Hot Dot, Inc. (Hot Dot), a company organized to develop, manufacture, and market the Alert Patch. Additionally, Midwest controlled a majority of the Board of Directors. During the third quarter of 2011, Hot Dot purchased certain assets of IonX Capital Holding Inc. The consideration paid by Hot Dot was $1.05 million in cash. The purchase price was primarily allocated to a patent asset for a thermochromatic patch for monitoring and detecting body temperature. On September 12, 2012, Hot Dot repurchased 1,000,000 shares of Hot Dot stock from Midwest for a purchase price of $750,000. As a result of the stock repurchase by Hot Dot, Midwest ceased to have a controlling financial interest in Hot Dot and subsequently deconsolidated Hot Dot on the effective date of the stock repurchase. Hot Dot is a development stage company that has not conducted operations apart from raising capital and acquiring the patent mentioned previously. Hot Dot repurchased the 1,500,000 remaining shares owned by Midwest on October 1, 2014 for $775,000 resulting in a gain of  251,102.
	The Company commenced its third party administrative (“TPA”) services in 2012 as an additional revenue source. These agreements, for various levels of administrative services on behalf of each company, generate fee income for the Company. Services provided to each company vary based on their needs and can include some or all aspects of back-office accounting and policy administration. The Company has been able to perform its TPA services using its existing in-house resources.
	During the first quarter of 2012, the Company purchased additional shares of Great Plains Financial Corporation (Great Plains). As a result of the increased ownership, the Company changed its method of carrying the investment from cost to equity. During the third quarter of 2012, the Company began providing TPA services to Great Plains and Great Plains' wholly owned subsidiary, Great Plains Life Assurance Company (Great Plains Life). At the end of the third quarter of 2012, Mark Oliver, our Chief Executive Officer and a member of our Board of Directors, was appointed to serve as President of the Company in addition to his role as Executive Vice President, CEO, and CFO of Great Plains. During the fourth quarter of 2012, the Company purchased additional shares of Great Plains, which increased our ownership to 24.5% as of December 31, 2012. As a result of the Company's ability to significantly influence the operations of Great Plains, the Company began consolidating Great Plains during fourth quarter of 2012. An additional purchase of shares in the first quarter of 2013 increased our ownership of Great Plains to 25.7% as of December 31, 2013. As of August 5, 2014, the Great Plains remaining 74.3% ownership was acquired by Midwest.
	During the first quarter of 2014, the Company purchased additional shares of Pacific Northwest Capital Corporation (PNC) which increased Midwest's ownership to 22.4% which required us to change our method of carrying the investment from cost to equity.
	Basis of presentation: The accompanying consolidated financial statements include the accounts of Midwest, our wholly owned subsidiary American Life, American Life's wholly owned subsidiaries Capital Reserve and Great Plains Life Assurance Company. Hereafter, entities are collectively referred to as the “Company,” “we,” “our” or “us.”
	Management evaluates the Company as one reporting segment in the life insurance industry. The Company is primarily engaged in the underwriting and marketing of life insurance products through its subsidiaries. The product offerings, the underwriting processes, and the marketing processes are similar. The Company's product offerings consist of a multi-benefit life insurance policy that combines cash value life insurance with a tax deferred annuity and a single premium term life product. These product offerings are underwritten, marketed, and managed primarily as a group of similar products on an overall portfolio basis.
	These consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (GAAP). All intercompany accounts and transactions have been eliminated in consolidation and certain immaterial reclassifications have been made to the prior period results to conform to the current period's presentation with no impact on results of operations or total stockholders' equity.
	Investments: All fixed maturities and a portion of the equity securities owned by the Company are considered available-for-sale and are included in the consolidated financial statements at their fair value as of the financial statement date. Bond premiums and discounts are amortized using the scientific-yield method over the term of the bonds. Realized gains and losses on securities sold during the year are determined using the specific identification method. Unrealized holding gains and losses, net of applicable income taxes, are included in comprehensive loss.
	Declines in the fair value of available for sale securities below their amortized cost are evaluated to assess whether any other-than-temporary impairment loss should be recorded. In determining if these losses are expected to be other-than-temporary, the Company considers severity of impairment, duration of impairment, forecasted recovery period, industry outlook, financial condition of the issuer, issuer credit ratings, and the intent and ability of the Company to hold the investment until the recovery of the cost.
	The recognition of other-than-temporary impairment losses on debt securities is dependent on the facts and circumstances related to the specific security. If the Company intends to sell a security or it is more likely than not that the Company would be required to sell a security prior to recovery of the amortized cost, the difference between amortized cost and fair value is recognized in the statement of comprehensive income as an other-than-temporary impairment. If the Company does not expect to recover the amortized basis, does not plan to sell the security and if it is not more likely than not that the Company would be required to sell a security before the recovery of its amortized cost, the recognition of the other-than-temporary impairment is bifurcated. The Company recognizes the credit loss portion in the income statement and the noncredit loss portion in accumulated other comprehensive loss. The credit component of an other-than-temporary impairment is determined by comparing the net present value of projected cash flows with the amortized cost basis of the debt security. The net present value is calculated by discounting the Company's best estimate of projected future cash flows at the effective interest rate implicit in the fixed income security at the date of acquisition. Cash flow estimates are driven by assumptions regarding probability of default, including changes in credit ratings, and estimates regarding timing and amount of recoveries associated with a default. No other-than-temporary impairments were recognized during the years ended December 31, 2014 or 2013.
	Included within the Company's equity securities carried at cost and equity method investments are certain privately placed common stocks for several development stage holding companies organized for the purpose of forming life insurance subsidiaries. Our privately placed common stocks are recorded using cost basis or the equity method of accounting, depending on the facts and circumstances of each investment. These securities do not have a readily determinable fair value. The Company does not control these entities economically, and therefore does not consolidate these entities. The Company reports the earnings from privately placed common stocks accounted for under the equity method in net investment income.
	Investment income consists of interest, dividends, gains and losses from equity method investments, and real estate income, which are recognized on an accrual basis and amortization of premiums and discounts.
	Mortgage loans on real estate, held for investment: Mortgage loans on real estate, held for investment are carried at unpaid principal balances. Interest income on mortgage loans on real estate, held for investment is recognized in net investment income at the contract interest rate when earned. A mortgage loan is considered to be impaired when it is probable that the Company will be unable to collect all amounts due according to the contractual terms of the mortgage agreement. Valuation allowances on mortgage loans are established based upon losses expected by management to be realized in connection with future dispositions or settlement of mortgage loans, including foreclosures. The Company establishes valuation allowances for estimated impairments on an individual loan basis as of the balance sheet date. Such valuation allowances are based on the excess carrying value of the loan over the present value of expected future cash flows discounted at the loan's original effective interest rate. These evaluations are revised as conditions change and new information becomes available. No valuation allowance was established for mortgage loans on real estate, held for investment as of December 31, 2014 and 2013, primarily due the sale of three of the mortgage loans during the fourth quarter of 2014 with the two remaining loans being sold during January 2015.
	Policy loans: Policy loans are carried at unpaid principal balances. Interest income on policy loans is recognized in net investment income at the contract interest rate when earned. No valuation allowance is established for these policy loans as the amount of the loan is fully secured by the death benefit of the policy and cash surrender value.
	Notes receivable: Notes receivable are stated at their outstanding principal amount. Outstanding notes accrue interest based on the terms of the respective note agreements.
	Short-term investments: Short-term investments are stated at cost and consist of certificates of deposit. At December 31, 2014 the Company did not have any short-term investments. At December 31, 2013, the Company had certificates of deposits where the cost of those investments approximated fair value due to the short duration to maturity.
	Real estate, held for investment: Real estate, held for investment is comprised of ten condominiums in Hawaii acquired in the purchase of Old Reliance. Real estate is carried at depreciated cost. Depreciation on residential real estate is computed on a straight-line basis over 50 years.
	Cash and cash equivalents: The Company considers all liquid investments with original maturities of three months or less when purchased to be cash equivalents. At December 31, 2014, the Company had no cash equivalents. At December 31, 2013, cash equivalents consisted primarily of money market accounts. The Company has cash on deposit with financial institutions which at times may exceed the Federal Deposit Insurance Corporation insurance limits. The Company has not suffered any losses in the past and does not believe it is exposed to any significant credit risk in these balances.
	Deferred acquisition costs: Deferred acquisition costs consist of incremental direct costs, net of amounts ceded to reinsurers, that result directly from and are essential to the contract acquisition transaction and would not have been incurred by the Company had the contract acquisition not occurred, are capitalized, to the extent recoverable, and amortized over the life of the premiums produced. The Company evaluates the types of acquisition costs it capitalizes. The Company capitalizes agent compensation and benefits and other expenses that are directly related to the successful acquisition of contracts. The Company also capitalizes expenses directly related to activities performed by the Company, such as underwriting, policy issuance, and processing fees incurred in connection with successful contract acquisitions.
	Recoverability of deferred acquisition costs is evaluated periodically by comparing the current estimate of the present value of expected pretax future profits to the unamortized asset balance. If this current estimate is less than the existing balance, the difference is charged to expense. The Company performs a recoverability analysis annually in the fourth quarter unless events occur which require an immediate review. The Company determined during its December 31, 2014 analysis that all deferred acquisition costs were recoverable.
	The following table provides information about deferred acquisition costs for the years ended December 31, 2014 and 2013, respectively.
		Year Ended December 31,
		2014			2013
	Balance at beginning of period	$	2,722,819		$	2,650,957
	Capitalization of commissions, sales and issue expenses		549,831			933,702
	Gross amortization		(625,680	)		(861,840	)
	Balance at end of period	$	2,646,970		$	2,722,819
	Value of business acquired: Value of business acquired represents the estimated value assigned to purchased companies or insurance in force of the assumed policy obligations at the date of acquisition of a block of policies. As previously discussed, American Life purchased Capital Reserve during 2010, resulting in an initial capitalized asset for value of business acquired of $116,326. This asset is being amortized on a straight-line basis, which approximates the earnings pattern of the related policies, over ten years. The Company recognized amortization expense of $11,633 for each of the years ended December 31, 2014 and 2013 relative to this transaction.
	Additionally, the Company paid an upfront ceding commission of $375,000 to Security National Life Insurance Company (SNL). An initial asset was established for the value of this business acquired totaling $348,010, representing primarily the ceding commission. This asset is being amortized on a straight-line basis, which approximates the earnings pattern of the related policies, over ten years, resulting in annual amortization of $34,801. Amortization recognized during each of the years ended December 31, 2014 and 2013 relative to this transaction totaled $34,801. The agreement has an automatic renewal provision unless the Company notifies SNL of its intention not to renew, no less than 180 days prior to the expiration of the then current agreement. Each automatic renewal period is for one year. This reinsurance remains in place.
	Additionally, American Life purchased Old Reliance in August 2011, resulting in an initial capitalized asset for value of business acquired of $824,485. This asset is being amortized over the life of the related policies (refer to “revenue recognition and related expenses” discussed later regarding amortization methods). Amortization recognized during the years ended December 31, 2014 and 2013 totaled $41,951 and $96,353, respectively.
	Recoverability of value of business acquired is evaluated periodically by comparing the current estimate of the present value of expected pretax future profits to the unamortized asset balance. If this current estimate is less than the existing balance, the difference is charged to expense. The Company performs a recoverability analysis annually in the fourth quarter unless events occur which require an immediate review. The Company determined during its December 31, 2014 and 2013, analysis that all value of business acquired were recoverable.
	Goodwill and Other Intangible Assets: Goodwill represents the excess of the amounts paid to acquire subsidiaries and other businesses over the fair value of their net assets at the date of acquisition. Goodwill is tested for impairment at least annually in the fourth quarter or more frequently if events or circumstances change that would indicate that a triggering event has occurred.
	In September 2011, the FASB issued ASU 2011-08 which amends the rules for testing goodwill for impairment. Under the new rules, an entity has the option to first assess qualitative factors to determine whether the existence of events or circumstances leads to a determination that it is more likely than not that the fair value of a reporting unit is less than its carrying amount. If, after assessing the totality of events or circumstances, an entity determines it is not more likely than not that the fair value of a reporting unit is less than its carrying amount, then performing the two-step impairment test is unnecessary.
	The Company elected to forgo the qualitative impairment analysis and performed the first step of the goodwill quantitative analysis to determine if the fair value of the reporting unit was in excess of the carrying value. As of December 31, 2014 and 2013, the fair value of the Company's reporting units exceeded the carrying value of the net assets assigned to that unit and the Company was not required to perform further testing for impairment. Management's determination of the fair value of each reporting unit incorporates multiple inputs including, peer company price to earnings multiples and assumptions that market participants would make in valuing the reporting unit. Other assumptions can include levels of economic capital, future business growth, and earnings projections.
	The Company assesses the recoverability of indefinite-lived intangible assets at least annually or whenever events or circumstances suggest that the carrying value of an identifiable indefinite-lived intangible asset may exceed the sum of the future discounted cash flows expected to result from its use and eventual disposition. If the asset is considered to be impaired, the amount of any impairment is measured as the difference between the carrying value and the fair value of the impaired asset.
	The Company compared the carrying value of its identifiable indefinite-lived intangible assets to the sum of the future discounted cash flows. As of December 31, 2014 and 2013, the sum of the future discounted cash flows exceeded the carrying value of the indefinite-lived intangible assets. The assumptions and estimates used to determine future values are complex and subjective. They can be affected by various factors, including external factors such as industry and economic trends, and internal factors such as changes in our business strategy and our revenue forecasts.
	Property and equipment: Property and equipment are stated at cost net of accumulated depreciation. Annual depreciation is primarily computed using straight-line methods for financial reporting and straight-line and accelerated methods for tax purposes. Furniture and equipment is depreciated over 3 to 7 years and computer software and equipment is generally depreciated over 3 years. Depreciation expense totaled $174,658 and $167,982 for the years ended December 31, 2014 and 2013, respectively. The accumulated depreciation totaled $713,166 and $545,646 as of December 31, 2014 and December 31, 2013, respectively.
	Maintenance and repairs are expensed as incurred. Replacements and improvements which extend the useful life of the asset are capitalized. The net book value of assets sold or retired are removed from the accounts, and any resulting gain or loss is reflected in earnings.
	Long-lived assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. An impairment loss is recognized if the carrying amount of an asset may not be recoverable and exceeds estimated future undiscounted cash flows of the asset. A recognized impairment loss reduces the carrying amount of the asset to its fair value. The Company determined that no such events occurred that would indicate the carrying amounts may not be recoverable.
	Reinsurance: In the normal course of business, the Company seeks to limit aggregate and single exposure to losses on large risks by purchasing reinsurance. The amounts reported in the consolidated balance sheets as reinsurance recoverable include amounts billed to reinsurers on losses paid as well as estimates of amounts expected to be recovered from reinsurers on insurance liabilities that have not yet been paid. Reinsurance recoverable on unpaid losses are estimated based upon assumptions consistent with those used in establishing the liabilities related to the underlying reinsured contracts. Insurance liabilities are reported gross of reinsurance recoverable. Management believes the recoverables are appropriately established. The Company generally strives to diversify its credit risks related to reinsurance ceded. Reinsurance premiums are generally reflected in income in a manner consistent with the recognition of premiums on the reinsured contracts. Reinsurance does not extinguish the Company's primary liability under the policies written. Therefore, the Company regularly evaluates the financial condition of its reinsurers including their activities with respect to claim settlement practices and commutations, and establishes allowances for uncollectible reinsurance recoverable as appropriate. There were no allowances as of December 31, 2014 or 2013.
	Benefit reserves: The Company establishes liabilities for amounts payable under insurance policies, including traditional life insurance and annuities. Generally, amounts are payable over an extended period of time. Liabilities for future policy benefits of traditional life insurance have been computed by a net level premium method based upon estimates at the time of issue for investment yields, mortality and withdrawals. These estimates include provisions for experience less favorable than initially expected. Mortality assumptions are based on industry experience expressed as a percentage of standard mortality tables.
	Policy claims: Policy claims are based on reported claims plus estimated incurred but not reported claims developed from trends of historical data applied to current exposure.
	Deposit-type contracts: Deposit-type contracts consist of amounts on deposit associated with deferred annuity riders, premium deposit funds and supplemental contracts without life contingencies.
	Income taxes: The Company is subject to income taxes in the U.S. federal and various state jurisdictions. Tax regulations within each jurisdiction are subject to the interpretation of the related tax laws and regulations and require significant judgment to apply. With few exceptions, the Company is no longer subject to U.S. federal, state or local tax examinations by tax authorities for the years before 2011. The provision for income taxes is based on income as reported in the financial statements. The income tax provision is calculated under the asset and liability method. Deferred tax assets are recorded based on the differences between the financial statement and tax basis of assets and liabilities at the enacted tax rates. The principal assets and liabilities giving rise to such differences are investments, insurance reserves, and deferred acquisition costs. A deferred tax asset valuation allowance is established when there is uncertainty that such assets would be realized. The Company has no uncertain tax positions that they believe are more-likely-than not that the benefit will not to be realized. When applicable, the Company recognizes interest accrued related to unrecognized tax benefits and penalties in income tax expense. The Company had no accruals for payments of interest and penalties at December 31, 2014 and 2013.
	Revenue recognition and related expenses: Revenues on traditional life insurance products consist of direct and assumed premiums reported as earned when due.
	Amounts received as payment for annuities and/or non-traditional contracts such as interest sensitive whole life contracts, single payment endowment contracts, single payment juvenile contracts and other contracts without life contingencies are recognized as deposits to policyholder account balances and included in future insurance policy benefits. Revenues from these contracts are comprised of fees earned for administrative and contract-holder services and cost of insurance, which are recognized over the period of the contracts, and included in revenue. Deposits are shown as a financing activity in the Consolidated Statements of Cash Flows.
	Amounts received under our multi-benefit policy form are allocated to the life insurance portion of the multi-benefit life insurance arrangement and the annuity portion based upon the signed policy.
	Liabilities for future policy benefits are provided and acquisition costs are amortized by associating benefits and expenses with earned premiums to recognize related profits over the life of the contracts. Acquisition costs are amortized over the life of the premiums produced. Traditional life insurance products are treated as long duration contracts, which generally remain in force for the lifetime of the insured.
	Comprehensive loss: Comprehensive loss is comprised of net loss and other comprehensive income (loss). Other comprehensive loss includes unrealized gains and losses from marketable securities classified as available for sale, net of applicable taxes.
	Common and preferred stock and earnings (loss) per share: The par value per common share is $0.001 with 120,000,000 shares authorized. At December 31, 2014 and 2013, the Company had 13,167,654 and 9,120,239 common shares issued and outstanding, respectively.
	At December 31, 2014 and 2013, the Company had 1,179 warrants outstanding. The warrants are exercisable through December 31, 2016 for 10 shares of voting common stock at an exercise price of $6.50 per share.
	The Class A preferred shares are non-cumulative, non-voting and convertible by the holder to voting common shares after May, 2015, at a rate of 1.3 common shares for each preferred share (subject to customary anti-dilution adjustments). There is no stated dividend rate on the Class A shares, but the holders of Class A shares will receive a dividend on each outstanding share of Class A preferred stock in an amount equal to the amount of the dividend payable on each share of common stock. The par value per preferred share is $0.001 with 2,000,000 shares authorized. At both December 31, 2014 and 2013, the Company had 74,159 Class A preferred shares issued and outstanding.
	The Class B preferred shares are non-cumulative, non-voting and convertible by the holder to voting common shares after May 1, 2017 at a rate of 2.0 common shares for each preferred share. The Company may only affect a conversion through a deemed liquidation or initial public offering. The par value per preferred share is $0.001 with 1,000,000 shares authorized. The stated dividend rate on the Class B preferred shares is 7%, commencing after December 31, 2014. At December 31, 2014, the Company had 102,669 Class B preferred shares issued and outstanding. There were no shares outstanding as of December 31, 2013.
	The Company evaluated its Class B preferred stock for potential embedded derivatives. In doing so, the company first concluded that the nature of the host contract was more equity than debt like. The embedded conversion features were determined not to be derivatives as net settlement does not exist given the lack of trading activity in the company's stock. Additionally, the conversion features are clearly and closely related to an equity host contract. Consideration was also given to whether a beneficial conversion feature should be recognized in additional paid in capital for the intrinsic value of the conversion feature at the issuance date. The preferred stock is not mandatorily redeemable but may be redeemed at the time of a deemed liquidation. Holders could elect redemption upon the occurrence of certain deemed liquidation events, including mergers in which the company is a constituent party and sales of substantially all the assets of the corporation, that are within the Company's control if the Company does not dissolve the corporation. As such, the preferred stock is recognized in permanent equity. The redemption feature was determined to not be a derivative as settlement would be gross.
	Earnings (loss) per share attributable to the Company's common stockholders were computed based on the weighted average number of shares outstanding during each year. The weighted average number of shares outstanding during the years ended December 31, 2014 and 2013 were 10,654,483 and 9,111,004 shares, respectively.
	[Stock subscription receivable: Our Board of Directors approved the issuance of 40,000 shares of voting common stock on March 7, 2010 to Mark Oliver, our Chief Executive Officer and a member of our Board of Directors. The shares were issued for $1.15 per share, which was the approximate fair value of the shares as of the date of issuance. The purchase price was paid by Mr. Oliver through delivery of a five-year promissory note secured by a pledge of the shares purchased. The balance of the receivable as of December 31, 2014 and December 31, 2013 was $0 and $1,917, respectively. This receivable was partially forgiven over the periods; resulting in non-cash compensation expense of $1,917 and $11,500 for the years ended December 31, 2014 and 2013, respectively.]
	Risk and uncertainties: Certain risks and uncertainties are inherent in our day-to-day operations and in the process of preparing our consolidated financial statements. The more significant of those risks and uncertainties, as well as the Company's method for mitigating the risks, are presented below and throughout the notes to the consolidated financial statements.
	•	Estimates—The preparation of the consolidated 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 at the date of the consolidated financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from these estimates. Included among the material (or potentially material) reported amounts and disclosures that require extensive use of estimates are: fair value of certain invested assets, deferred acquisition costs, value of business acquired, goodwill, and future contract benefits.
•	Reinsurance—Reinsurance contracts do not relieve us from our obligations to insureds. Failure of reinsurers to honor their obligations could result in losses to the Company; consequently, allowances are established for amounts deemed uncollectible when necessary. We evaluate the financial condition of our reinsurers to minimize our exposure to losses from reinsurer insolvencies. Management believes that any liabilities arising from this contingency would not be material to the Company's financial position.
•	Investment Risk—The Company is exposed to risks that issuers of securities owned by the Company will default or that interest rates will change and cause a decrease in the value of our investments. As interest rates decline, the velocity at which these securities pay down the principal may increase. Management mitigates these risks by conservatively investing in investment-grade securities and by matching maturities of our investments with the anticipated payouts of our liabilities.
•	Liquidity Risk—The Company has investments in development stage companies, which are either seeking to raise capital to form life insurance subsidiaries in their respective states of incorporation (Arkansas, Colorado, Idaho, Minnesota and New Mexico) or have recently formed a life insurance subsidiary (South Dakota and Wyoming). There is no public market for shares of these investments, and there is no assurance that one will develop. Therefore, the shares will have limited marketability for an indefinite period of time. There is not currently, and may never be, an active market in these securities, and there is no assurance that any of these securities will ever become publicly traded or that an active trading market will develop or be sustained. Consequently, we may not be able to liquidate our investment in these securities.
•	Interest Rate Risk—Interest rate risk arises from the price sensitivity of investments to changes in interest rates. Interest and dividend income represent the greatest portion of an investment's return for most fixed maturity securities in stable interest rate environments. The changes in the fair value of such investments are inversely related to changes in market interest rates. As interest rates fall, the interest and dividend streams of existing fixed-rate investments become more valuable and fair values rise. As interest rates rise, the opposite effect occurs. The Company attempts to mitigate its exposure to adverse interest rate movements through staggering the maturities of the fixed maturity investments and through maintaining cash and other short term investments to assure sufficient liquidity to meet its obligations and to address reinvestment risk considerations. Due to the composition of our book of insurance business, we believe it is unlikely that we would encounter large surrender activity due to an interest rate increase that would force the disposal of fixed maturities at a loss.
•	Credit Risk—The Company is exposed to credit risk through counterparties and within the investment portfolio. Credit risk relates to the uncertainty associated with an obligor's ability to make timely payments of principal and interest in accordance with the contractual terms of an instrument or contract. The Company manages its credit risk through established investment credit policies and guidelines which address the quality of creditors and counterparties, concentration limits, diversification practices and acceptable risk levels. These policies and guidelines are regularly reviewed and approved by senior management.
•	Regulatory Factors—The Company is highly regulated by the jurisdictions in which our entities are domiciled and licensed to conduct business. Such regulations, among other things, limit the amount of rate increases on policies and impose restrictions on the amount and type of investments and the minimum surplus required to conduct business in the state. The impact of the regulatory initiatives in response to the recent financial crisis, including the Dodd-Frank Wall Street Reform and Consumer Protection Act, could subject the Company to substantial additional regulation.
•	Vulnerability Due to Certain Concentrations—The Company monitors economic and regulatory developments that have the potential to impact our business. Federal legislation has allowed banks and other financial organizations to have greater participation in insurance businesses. This legislation may present an increased level of competition for sales of the Company's products.
In July 2013, the FASB issued ASU 2013-11, Income Taxes (Topic 740)—Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward or Tax Credit Carryforward Exists, which finalizes Proposed ASU No. EITF-13C, and requires an entity's unrecognized tax benefit to be presented in its financial statements as a reduction to a deferred tax asset for a net operating loss carryforward, a similar tax loss, or a tax credit carryforward, with one exception. That exception states that, to the extent a net operating loss carryforward, a similar tax loss, or a tax credit carryforward is not available at the reporting date under the tax law of the applicable jurisdiction to settle any additional income taxes that would result from the disallowance of a tax position, or the tax law of the applicable jurisdiction does not require the entity to use, and the entity does not intend to use, the deferred tax asset for such purpose, the unrecognized tax benefit should be presented in the financial statements as a liability and should not be combined with deferred tax assets. The ASU applies prospectively for reporting periods beginning after December 15, 2013. Retrospective application and early adoption are also permitted. We do not expect ASU No. 2013-11 to have a material impact on our consolidated financial statements.
In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers (Topic 606) regarding accounting for revenue recognition that identifies the accounting treatment for an entity's contracts with customers. Although insurance contracts are excluded from this ASU, other customer contracts of the Company would be covered. This guidance is effective for public entities for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period. The Company is currently evaluating this guidance, but it does not believe that there will be a material impact to the consolidated financial statements.
All other new accounting standards and updates of existing standards issued through the date of this filing were considered by management and did not relate to accounting policies and procedures pertinent or material to the Company at this time.

Noncontrolling_Interests

Noncontrolling Interests	12 Months Ended
	Dec. 31, 2014
Noncontrolling Interests [Abstract]
Noncontrolling Interests	Note 2. Noncontrolling Interests
	The effects on our equity of changes in our ownership interest in equity securities were as follows:
		Year Ended December 31,
		2014			2013
	Net (loss) attributable to Midwest Holding Inc.	$	(3,444,986	)	$	(1,954,136	)
	Transfers (to) from noncontrolling interest:
	Increase in Midwest Holding Inc.'s additional
	paid-in capital for Great Plains Financial stock
	purchases, net of change in ownership		3,861,768			-
	Change from net loss attributable to Midwest Holding
	Inc. and transfers from noncontrolling interests	$	416,782		$	(1,954,136	)

Investments

Investments	12 Months Ended
	Dec. 31, 2014
Investments [Abstract]
Investments	Note 3. Investments
	The amortized cost and estimated fair value of investments classified as available-for-sale as of December 31, 2014 and 2013 are as follows:
					Gross			Gross
		Amortized			Unrealized			Unrealized		Estimated
		Cost			Gains			Losses		Fair Value
	December 31, 2014:
	Fixed maturities:
	U.S. government obligations	$	3,670,531		$	124,573		$	22,350	$	3,772,754
	States and political subdivisions -- general obligations		1,054,400			4,971			30,363		1,029,008
	States and political subdivisions -- special revenue		1,254,184			2,699			35,033		1,221,850
	Corporate		13,310,436			2,071			381,929		12,930,578
	Total fixed maturities		19,289,551			134,314			469,675		18,954,190
	Equity securities:
	Preferred corporate stock		75,000			-			-		75,000
	Total equity securities		75,000			-			-		75,000
	Total	$	19,364,551		$	134,314		$	469,675	$	19,029,190
	December 31, 2013:
	Fixed maturities:
	U.S. government obligations	$	2,483,199		$	23,398		$	43,502	$	2,463,095
	States and political subdivisions -- general obligations		1,147,325			-			107,030		1,040,295
	States and political subdivisions -- special revenue		1,573,336			-			118,944		1,454,392
	Corporate		9,728,599			2,378			498,052		9,232,925
	Total fixed maturities		14,932,459			25,776			767,528		14,190,707
	Equity securities:
	Preferred corporate stock		75,000			-			-		75,000
	Total equity securities		75,000			-			-		75,000
	Total	$	15,007,459		$	25,776		$	767,528	$	14,265,707
	The Company had one security that individually exceeds 10% of the total of the state and political subdivisions categories as of December 31, 2014. The amortized cost, fair value, credit rating, and description of the security is as follows:
		Amortized			Estimated
		Cost			Fair Value			Credit Rating
	December 31, 2014:
	Fixed maturities:
	States and political subdivisions -- general obligations
	Maricopa County Arizona School District No. 31	$	338,923		$	331,657		AA-
	The following table summarizes, for all securities in an unrealized loss position at December 31, 2014 and 2013, the estimated fair value, pre-tax gross unrealized loss and number of securities by length of time that those securities have been continuously in an unrealized loss position.
		31-Dec-14								31-Dec-13
					Gross			Number				Gross		Number
		Estimated			Unrealized			of		Estimated		Unrealized		of
		Fair Value			Loss			Securities		Fair Value		Loss		Securities
	Fixed Maturities:
	Less than 12 months:
	U.S. government obligations	$	107,273		$	3,963			1	$	578,914	$	43,502		6
	States and political subdivisions --
	general obligations		-			-			-		320,416		32,506		3
	States and political subdivisions --
	special revenue		-						-		653,897		56,717		11
	Corporate		8,253,570			261,055			47		7,998,855		498,052		73
	Greater than 12 months:
	U.S. government obligations		1,096,399			18,387			8		-		-		-
	States and political subdivisions --
	general obligations		709,176			30,363			4		719,879		74,524		4
	States and political subdivisions --
	special revenue		1,052,184			35,033			9		800,495		62,227		6
	Corporate		3,874,046			120,874			31		-		-		-
	Total fixed maturities	$	15,092,648		$	469,675			100	$	11,072,456	$	767,528		103
	Based on our review of the securities in an unrealized loss position at December 31, 2014 and 2013, no other-than-temporary impairments were deemed necessary. Management believes that the Company will fully recover its cost basis in the securities held at December 31, 2014, and management does not have the intent to sell nor is it more likely than not that the Company will be required to sell such securities until they recover or mature. The temporary impairments shown herein are primarily the result of the current interest rate environment rather than credit factors that would imply other-than-temporary impairment.
	The amortized cost and estimated fair value of fixed maturities at December 31, 2014, by contractual maturity, are shown below. Expected maturities may differ from contractual maturities because issuers may have the right to call or prepay obligations with or without call or prepayment penalties.
		Amortized			Estimated
		Cost			Fair Value
	Due in one year or less	$	299,317		$	302,169
	Due after one year through five years		2,809,511			2,833,832
	Due after five years through ten years		9,180,223			9,051,032
	Due after ten years		7,000,500			6,767,157
		$	19,289,551		$	18,954,190
The Company is required to hold assets on deposit for the benefit of policyholders in accordance with statutory rules and regulations. At December 31, 2014 and 2013, these required deposits had a total amortized cost of $3,824,485 and $2,967,441 and fair values of $3,918,911 and $2,912,017, respectively.
The components of net investment income for the years ended December 31, 2014 and 2013 are as follows:
	Year Ended December 31,
	2014				2013
Fixed maturities	$	401,138			$	398,377
Equity securities		83				32,493
Cash and short-term investments		3,965				14,804
Loss from equity method investments		(438,175	)			(13,720	)
Other		99,477				132,634
		66,488				564,588
Less investment expenses		(76,371	)			(46,539	)
	$	(9,883	)		$	518,049
Proceeds for the years ended December 31, 2014 and 2013 from sales of investments classified as available-for-sale were $8,360,990 and $6,877,586, respectively. Gross gains of $51,222 and $145,124 and gross losses of $46,831 and $139,388 were realized on those sales during the years ended December 31, 2014 and 2013, respectively.
Midwest sold its investment in the equity securities, at cost, back to Hot Dot and Northern Plains for a gain of $90,812 and $251,104, respectively.
As of December 31, 2014, all mortgage loans were under contract to be sold. The sales were completed on January 15, 2015. The following table summarizes the activity in the mortgage loans on real estate, held for investment account for the years ended December 31, 2014 and 2013.
	Year Ended December 31,
	2014				2013
Balance at beginning of period	$	665,569			$	677,011
Proceeds from payments on mortgage loans on real estate, held for investment		(3,931	)			(11,442	)
Proceeds from settlement on mortgage loans on real estate, held for investment		(312,252	)			-
Balance at end of period	$	349,386			$	665,569

Fair_Values_of_Financial_Instr

Fair Values of Financial Instruments	12 Months Ended
	Dec. 31, 2014
Fair Values of Financial Instruments [Abstract]
Fair Values of Financial Instruments	Note 4. Fair Values of Financial Instruments
	Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. We use valuation techniques that are consistent with the market approach, the income approach and/or the cost approach. Inputs to valuation techniques refer to the assumptions that market participants would use in pricing the asset or liability. Inputs may be observable, meaning those that reflect the assumptions market participants would use in pricing the asset or liability developed based on market data obtained from independent sources, or unobservable, meaning those that reflect the reporting entity's own assumptions about the assumptions market participants would use in pricing the asset or liability developed based on the best information available in the circumstances. In that regard, accounting standards establish a fair value hierarchy for valuation inputs that gives the highest priority to quoted prices in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. The fair value hierarchy is as follows:
	•	Level 1: Quoted prices (unadjusted) for identical assets or liabilities in active markets that the entity has the ability to access as of the measurement date.
	•	Level 2: Significant other observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data.
	•	Level 3: Significant unobservable inputs that reflect a reporting entity's own assumptions about the assumptions that market participants would use in pricing an asset or liability.
	A review of fair value hierarchy classifications is conducted on a quarterly basis. Changes in the valuation inputs, or their ability to be observed, may result in a reclassification for certain financial assets or liabilities. Reclassifications impacting Level 3 of the fair value hierarchy are reported as transfers in/out of the Level 3 category as of the beginning of the period in which the reclassifications occur.
	A description of the valuation methodologies used for assets measured at fair value, as well as the general classification of such instruments pursuant to the valuation hierarchy, is set forth below.
	Fixed maturities: Fixed maturities are recorded at fair value on a recurring basis utilizing a third-party pricing source. The valuations are reviewed and validated quarterly through random testing by comparisons to separate pricing models or other third party pricing services. For the period ended December 31, 2014, there were no material changes to the valuation methods or assumptions used to determine fair values, and no broker or third party prices were changed from the values received. Securities with prices based on validated quotes from pricing services are reflected within Level 2.
	Equity securities, available for sale: Equity securities consist of preferred stock of publicly traded companies. The fair values of our preferred equity securities are based on prices obtained from independent pricing services and these securities are classified within Level 2 in the fair value hierarchy.
	Equity method investments: The equity method investment is comprised of the Company's investment in First Wyoming. This security has no active trading and the fair value for this security is not readily determinable. Therefore, this investment has been omitted from the following fair value disclosure tables.
	Cash and cash equivalents and short-term investments: The carrying value of cash and cash equivalents and short-term investments approximate the fair value because of the short maturity of the instruments.
	Policy loans: Policy loans are stated at unpaid principal balances. As these loans are fully collateralized by the cash surrender value of the underlying insurance policies, the carrying value of the policy loans approximates their fair value. Policy loans are categorized as Level 3 in the fair value hierarchy.
	Notes Receivable: Fair values for short-term notes receivable approximate carrying value. The carrying amount is a reasonable estimate of the fair value because of the relatively short time between the origination of the loan and its expected repayment. These receivables are categorized as Level 3 in the fair value hierarchy.
	Mortgage loans on real estate, held for investment: The fair values of mortgage loans on real estate, held for investment are estimated by discounting scheduled cash flows through the scheduled maturities of the loans, using interest rates currently being offered for similar loans to borrowers with similar credit ratings. As part of the Old Reliance purchase agreement, the seller guaranteed the performance of the mortgage loans and accordingly we believe book value is equal to fair value. Mortgage loans are categorized as Level 3 in the fair value hierarchy.
	Deposit-type contracts: The fair value for direct and assumed liabilities under deposit-type insurance contracts (accumulation annuities) is calculated using a discounted cash flow approach. Cash flows are projected using actuarial assumptions and discounted to the valuation date using risk-free rates adjusted for credit risk and nonperformance risk of the liabilities. Liabilities under deposit-type insurance contracts that are wholly ceded by Capital Reserve to a non-affiliated reinsurer are carried at cash surrender value which approximates fair value. The fair values for insurance contracts other than deposit-type contracts are not required to be disclosed. These liabilities are categorized as Level 3 in the fair value hierarchy.
	Surplus notes: The fair value for surplus notes is calculated using a discounted cash flow approach. Cash flows are projected utilizing scheduled repayments and discounted to the valuation date using market rates currently available for debt with similar remaining maturities. These notes are structured such that all interest is paid at maturity. In the following fair value measurement tables, the Company has included accrued interest expense of approximately $196,927 and $164,000 in carrying value of the surplus notes as of December 31, 2014 and 2013, respectively. These liabilities are categorized as Level 3 in the fair value hierarchy.
	The following table presents the Company's fair value hierarchy for those financial instruments measured at fair value on a recurring basis as of December 31, 2014 and 2013.
					Significant
			Quoted		Other		Significant
			In Active		Observable		Unobservable		Estimated
			Markets		Inputs		Inputs		Fair
			(Level 1)		(Level 2)		(Level 3)		Value
	31-Dec-14
	Fixed maturities:
	U.S. government obligations		$	-	$	3,772,754	$	-	$	3,772,754
	States and political subdivisions — general obligations			-		1,029,008		-		1,029,008
	States and political subdivisions — special revenue			-		1,221,850		-		1,221,850
	Corporate			-		12,930,578		-		12,930,578
	Total fixed maturities			-		18,954,190		-		18,954,190
	Equity securities:
	Preferred corporate stock			-		75,000		-		75,000
	Total equity securities			-		75,000		-		75,000
	Total		$	-	$	19,029,190	$	-	$	19,029,190
	31-Dec-13
	Fixed maturities:
	U.S. government obligations		$	-	$	2,463,095	$	-	$	2,463,095
	States and political subdivisions — general obligations			-		1,040,295		-		1,040,295
	States and political subdivisions — special revenue			-		1,454,392		-		1,454,392
	Corporate			-		9,232,925		-		9,232,925
	Total fixed maturities			-		14,190,707		-		14,190,707
	Equity securities:
	Preferred corporate stock			-		75,000		-		75,000
	Total equity securities			-		75,000		-		75,000
	Total		$	-	$	14,265,707	$	-	$	14,265,707
	There were no transfers of financial instruments between Level 1 and Level 2 during the years ended December 31, 2014 or 2013.
	Accounting standards require disclosure of the fair value of financial assets and financial liabilities, including those financial assets and financial liabilities that are not measured and reported at fair value on a recurring basis or non-recurring basis. The methodologies for estimating the fair value of financial assets and financial liabilities that are measured at fair value on a recurring basis are discussed above. There were no financial assets or financial liabilities measured at fair value on a non-recurring basis. Equity securities carried at cost are privately placed common stocks for several recently formed holding companies organized for the purpose of forming life insurance subsidiaries. These common stocks are recorded using the cost basis of accounting. These securities have no active trading and the fair value for these securities is not readily determinable. The Company does not control these entities economically, and therefore does not consolidate these entities.
	The following disclosure contains the carrying values, estimated fair values and their corresponding placement in the fair value hierarchy, for financial assets and financial liabilities as of December 31, 2014 and 2013, respectively:
			31-Dec-14
					Fair Value Measurements at Date Using
					Quoted Prices in
					Active Markets
					for Identical		Significant Other		Significant
					Assets and		Observable		Unobservable
			Carrying		Liabilities		Inputs		Inputs		Fair
			Amount		(Level 1)		(Level 2)		(Level 3)		Value
	Assets:
	Mortgage loans on real estate held for
	investment		$	349,386	$	-	$	-	$	349,386	$	349,386
	Policy loans			374,186		-		-		374,186		374,186
	Cash and cash equivalents			2,310,047		2,310,047		-		-		2,310,047
	Liabilities:
	Policyholder deposits
	(Deposit-type contracts)			16,461,061		-		-		16,461,061		16,461,061
	Surplus notes and accrued interest payable			746,927						739,042		739,042
		31-Dec-13
				Fair Value Measurements at Date Using
				Quoted Prices in
				Active Markets
				for Identical		Significant Other		Significant
				Assets and		Observable		Unobservable
		Carrying		Liabilities		Inputs		Inputs		Fair
		Amount		(Level 1)		(Level 2)		(Level 3)		Value
Assets:
Mortgage loans on real estate held for
investment		$	665,569	$	-	$	-	$	690,591	$	690,591
Policy loans			369,513		-		-		369,513		369,513
Notes receivable			27,383		-		-		27,383		27,383
Short-term investments			1,180,314		1,180,314		-		-		1,180,314
Cash and cash equivalents			3,377,978		3,377,978		-		-		3,377,978
Liabilities:
Policyholder deposits
(Investment-type contracts)			14,739,655		-		-		14,739,655		14,739,655
Surplus notes and accrued interest payable			714,000		-		-		704,192		704,192

Income_Tax_Matters

Income Tax Matters	12 Months Ended
	Dec. 31, 2014
Income Tax Matters [Abstract]
Income Tax Matters	Note 5. Income Tax Matters
	Significant components of the Company's deferred tax assets and liabilities as of December 31, 2014 and 2013 are as follows:
		Year Ended December 31,
		2014			2013
	Deferred tax assets:
	Loss carry forwards	$	7,598,830		$	6,594,919
	Capitalized costs		802,000			821,248
	Unrealized losses on investments		121,110			252,196
	Benefit reserves		1,239,299			1,235,692
	Total deferred tax assets		9,761,238			8,904,055
	Less valuation allowance		(8,112,743	)		(7,132,984	)
	Total deferred tax assets, net of valuation allowance		1,648,495			1,771,071
	Deferred tax liabilities:
	Policy acquisition costs		908,021			978,902
	Due premiums		220,823			222,067
	Value of business acquired		249,351			279,402
	Intangible assets		238,000			238,000
	Property and equipment		32,300			52,700
	Total deferred tax liabilities		1,648,495			1,771,071
	Net deferred tax assets	$	-		$	-
	At December 31, 2014 and 2013, the Company recorded a valuation allowance of $8,112,743 and $7,132,984, respectively, on the deferred tax assets to reduce the total to an amount that management believes will ultimately be realized. Realization of deferred tax assets is dependent upon sufficient future taxable income during the period that deductible temporary differences and carryforwards are expected to be available to reduce taxable income.
	Loss carryforwards for tax purposes as of December 31, 2014, have expiration dates that range from 2024 through 2029.
	There was no income tax expense for the years ended December 31, 2014 and 2013. This differed from the amounts computed by applying the statutory U.S. federal income tax rate of 34% to pretax income, as a result of the following:
		Year Ended December 31,
		2014			2013
	Computed expected income tax benefit	$	(1,171,295	)	$	(669,045	)
	Increase (reduction) in income taxes resulting from:
	Meals, entertainment and political contributions		24,141			29,497
	Dividends received deduction		(20	)		(5,452	)
	Noncontrolling interests		10,597			(17,632	)
	Other		25,732			(37,689	)
			60,450			(31,276	)
	Tax benefit before valuation allowance		(1,110,845	)		(700,321	)
	Change in valuation allowance		1,110,845			700,321
	Net income tax expenses	$	-		$	-

Reinsurance

Reinsurance	12 Months Ended
	Dec. 31, 2014
Reinsurance [Abstract]
Reinsurance	Note 6. Reinsurance
	A summary of significant reinsurance amounts affecting the accompanying consolidated financial statements as of December 31, 2014 and 2013 and for the years ended December 31, 2014 and 2013 is as follows:
		Year Ended December 31,
		2014			2013
	Balance sheets:
	Benefit and claim reserves assumed	$	2,678,376		$	2,814,704
	Benefit and claim reserves ceded		29,012,678			30,660,618
		Year Ended December 31,
		2014			2013
	Statements of comprehensive income:
	Premiums assumed	$	35,466		$	30,002
	Premiums ceded		340,464			362,851
	Benefits assumed		82,897			42,099
	Benefits ceded		983,168			760,017
	Commissions assumed		44			38
	Commissions ceded		6,216			4,432
	The following table provides a summary of the significant reinsurance balances recoverable on paid and unpaid policy claims by reinsurer along with the A.M. Best credit rating as of December 31, 2014:
									Recoverable on				Total Amount
				Recoverable			Recoverable		Benefit		Ceded		Recoverable
		AM Best		on Paid			on Unpaid		Reserves/Deposit-		Due		from
	Reinsurer	Rating		Losses			Losses		type Contracts		Premiums		Reinsurer
	SNL	NR		$	-		$	120,464	$	16,320,256	$	64,952	$	16,375,768
	Optimum Re Insurance Company	A-			-			19,008		474,430		-		493,438
	Sagicor Life Insurance Company	A-			-			659,458		11,703,660		219,646		12,143,472
				$	-		$	798,930	$	28,498,346	$	284,598	$	29,012,678
	Capital Reserve has a 100% coinsurance agreement with SNL whereby 100% of the business written by Capital Reserve is ceded to SNL. At December 31, 2014 and 2013, total benefit reserves, policy claims, deposit-type contracts, and due premiums ceded by Capital Reserve to SNL were $16,375,768 and $17,294,342, respectively. Capital Reserve remains contingently liable on this ceded reinsurance should SNL be unable to meet their obligations.
	During 1999, Old Reliance entered into a 75% coinsurance agreement with Sagicor Life (Sagicor) whereby 75% of the business written by Old Reliance is ceded to Sagicor. During 2000, Old Reliance coinsured the remaining 25% with Sagicor. At December 31, 2014 and 2013, total benefit reserves, policy claims, deposit-type contracts, and due premiums ceded by Old Reliance to Sagicor were $12,143,472 and $12,883,237, respectively. Old Reliance remains contingently liable on this ceded reinsurance should Sagicor be unable to meet their obligations.
	The use of reinsurance does not relieve the Company of its primary liability to pay the full amount of the insurance benefit in the event of the failure of a reinsurer to honor its contractual obligation. No reinsurer of business ceded by the Company has failed to pay policy claims (individually or in the aggregate) with respect to our ceded business. At December 31, 2014, the Company had over 99% of its reinsurance recoverable amounts concentrated with two reinsurers, Sagicor and SNL. SNL, who is not rated by A.M. Best, accounted for $16.4 million of reinsurance recoverable.
	The Company monitors several factors that it considers relevant to satisfy itself as to the ongoing ability of a reinsurer to meet all obligations of the reinsurance agreements. These factors include the credit rating of the reinsurer, the financial strength of the reinsurer, significant changes or events of the reinsurer, and any other relevant factors. If the Company believes that any reinsurer would not be able to satisfy its obligations with the Company, a separate contingency reserve may be established. At December 31, 2014 and 2013, no contingency reserve was established.

DepositType_Contracts

Deposit-Type Contracts	12 Months Ended
	Dec. 31, 2014
Deposit-Type Contracts [Abstract]
Deposit-Type Contracts	Note 7. Deposit-Type Contracts
	The Company's deposit-type contracts represent the contract value that has accrued to the benefit of the policyholder as of the balance sheet date. Liabilities for these deposit-type contracts are included without reduction for potential surrender charges. This liability is equal to the accumulated account deposits, plus interest credited, and less policyholder withdrawals. The following table provides information about deposit-type contracts for the years ended December 31, 2014 and 2013:
		Year Ended December 31,
		2014			2013
	Beginning balance	$	14,739,655		$	12,865,671
	Change in deposit-type contracts assumed from SNL		(114,109	)		(66,572	)
	Change in deposit-type contracts fully ceded by Capital Reserve		(578,716	)		(683,070	)
	Deposits received		2,409,659			2,636,959
	Investment earnings		403,556			253,189
	Withdrawals		(398,984	)		(266,522	)
	Ending balance	$	16,461,061		$	14,739,655
	Under the terms of American Life's coinsurance agreement with SNL, American Life assumes certain deposit-type contract obligations, as shown in the table above. Additionally, Capital Reserve cedes 100% of its direct business to SNL. Accordingly, this amount is presented within the corresponding single line above. The remaining deposits, withdrawals and interest credited represent those for American Life's direct business.

Commitments_and_Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2014
Commitments and Contingencies [Abstract]
Commitments and Contingencies	Note 8. Commitments and Contingencies
	Legal Proceedings: We are involved in litigation incidental to our operations from time to time. We are not presently a party to any legal proceedings other than litigation arising in the ordinary course of our business, and we are not aware of any claims that could materially affect our financial position or results of operations.
	Regulatory Matters: State regulatory bodies, the SEC, and other regulatory bodies regularly make inquiries and conduct examinations or investigations concerning the Company's compliance with laws in relation to, but not limited to, insurance and securities. The issues involved in information requests and regulatory matters vary widely. The Company cooperates in these inquiries. Agencies from the states of Arizona, Missouri, and Wyoming are currently conducting a routine regulatory examination for the period 2009 through 2012 as required by state statutes.
	Office Lease: The Company leases office space in Lincoln, Nebraska under an agreement executed October 17, 2013 that expires on January 31, 2024. The Company also subleases office space for a satellite office in Kearney, Nebraska, which was executed on June 11, 2012 which we closed and cancelled in January 2015. Great Plains Financial entered into a lease on May 1, 2011 for office space in Pierre, South Dakota, which expired on April 30, 2014. Great Plains also entered into a lease on October 4, 2013 for office space in Mitchell, South Dakota, which expires on November 30, 2016. Rent expense for the years ended December 31, 2014 and 2013 was $227,182 and $175,476, respectively. Future minimum payments are as follows:
	2015	$	142,772
	2016		137,088
	2017		133,603
	2018		136,557
	2019		141,412
	Later years		629,811
	Total	$	1,321,242

Statutory_Net_Income_and_Surpl

Statutory Net Income and Surplus	12 Months Ended
	Dec. 31, 2014
Statutory Net Income and Surplus [Abstract]
Statutory Net Income and Surplus	Note 9. Statutory Net Income and Surplus
	American Life is required to prepare statutory financial statements in accordance with statutory accounting practices prescribed or permitted by the Arizona Department of Insurance. Likewise, Capital Reserve and Great Plains Life are required to prepare statutory financial statements in accordance with statutory accounting practices prescribed or permitted by the Missouri and South Dakota Departments of Insurance, respectively. Statutory practices primarily differ from GAAP by charging policy acquisition costs to expense as incurred, establishing future policy benefit liabilities using different actuarial assumptions as well as valuing investments and certain assets and accounting for deferred taxes on a different basis. The following table summarizes the statutory net loss and statutory capital and surplus of American Life, Capital Reserve, and Great Plains Life as of December 31, 2014 and 2013 and for the years ended December 31, 2014 and 2013. The amounts below as of and for the year ended December 31, 2013 are based on the respective company's audited statutory financial statements. The audits of the companies' statutory financial statements as of and for the year ended December 31, 2014 are expected to be completed by May 31, 2015.
		Statutory Capital and Surplus as of December 31,
		2014		2013
	American Life		$2,422,917		$1,865,200
	Capital Reserve		$1,332,771		$1,259,746
	Great Plains Life		$2,025,982		$2,158,481
		Statutory Net Loss for the Years Ended December 31,
		2014		2013
	American Life		$1,580,355		$  20,497
	Capital Reserve		$   123,940		$115,884
	Great Plains Life		$   112,891		$123,023

Surplus_Notes

Surplus Notes	12 Months Ended
	Dec. 31, 2014
Surplus Notes [Abstract]
Surplus Notes	Note 10. Surplus Notes
	The following provides a summary of the Company's surplus notes along with issue dates, maturity dates, face amounts, and interest rates as of December 31, 2014:
	Creditor	Issue Date	Maturity Date	Face Amount		Interest Rate
	David G. Elmore	1-Sep-06	1-Sep-16	$	250,000	7%
	David G. Elmore	4-Aug-11	1-Aug-16		300,000	5%
	Any payments and/or repayments must be approved by the Arizona Department of Insurance. As of December 31, 2014, the Company has accrued $196,927 of interest expense under accounts payable and accrued expenses on the consolidated balance sheet. During the first quarter of 2013, the repayment of the interest and principal on a portion of the surplus notes was approved by the Arizona Department of Insurance. On January 4, 2013, the Company paid down $100,000 of principal and approximately $7,000 of accrued interest. No payments were made during 2014.

Investment_in_Pacific_Northwes

Investment in Pacific Northwest Capital Corporation	12 Months Ended
	Dec. 31, 2014
Investment in Pacific Northwest Capital Corporation [Abstract]
Investment in Pacific Northwest Capital Corporation	Note 11. Investment in Pacific Northwest Capital Corporation
	During the first quarter of 2014, we purchased additional shares of Pacific Northwest Capital Corporation (Pacific Northwest). The purchase increased our total investment in Pacific Northwest to 850,000 shares. Our aggregate ownership percentage increased to approximately 22.4%.
	As a result of the increased ownership of Pacific Northwest, the Company changed its method of carrying the investment from cost to equity as required by generally accepted accounting principles. Under the equity method, the Company records its proportionate share of the earnings of Pacific Northwest. The effect of the change in accounting method for the year ended December 31, 2013, was to increase loss before provision for incomes taxes and net loss by $3,697. The Company's financial statements have been restated to present its equity method investment in Pacific Northwest as of the earliest period presented. For the effect of retroactive application of the equity method, equity securities available for sale and accumulated deficit were decreased by $3,697 for the year ended December 31, 2013. Equity securities available for sale and accumulated deficit were decreased by $11,380 for the year ended December 31, 2012. Therefore, equity and securities available for sale and accumulated deficit were decreased by a total of $15,077 as of the beginning of fiscal year 2014 for the effect of the retroactive application of the equity method.

Related_Party_Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2014
Related Party Transactions [Abstract]
Related Party Transactions	Note 12. Related Party Transactions
	American Life had a general agent contract with a corporation owned by an officer of Midwest. The agreement, which was approved by the Board of Directors of Midwest and American Life, specifies that the corporation, a licensed insurance agency, shall receive an override commission on business written in exchange for managing the Company's marketing. In addition, the agency must pay for all sales conventions, contests, prizes, awards and training seminars. This agreement was terminated in October 2011.
	The Company commenced its third party administrative (“TPA”) services in 2012 as an additional revenue source. These services are offered to the Company's subsidiaries and to non-consolidated entities. These agreements, for various levels of administrative services on behalf of each company, generate fee income for the Company. Services provided vary based on their needs and can include some or all aspects of back-office accounting and policy administration. We have been able to perform our TPA services using our existing in-house resources. Fees earned during the years ended December 31, 2014 and 2013 amounted to $295,093 and $238,947, respectively.

Subsequent_Events

Subsequent Events	12 Months Ended
	Dec. 31, 2014
Subsequent Events [Abstract]
Subsequent Events	Note 13. Subsequent Events
	All of the effects of subsequent events that provide additional evidence about conditions that existed at December 31, 2014, including the estimates inherent in the process of preparing consolidated financial statements, are recognized in the consolidated financial statements. The Company does not recognize subsequent events that provide evidence about conditions that did not exist at the date of the consolidated financial statements but arose after, but before the consolidated financial statements were available to be issued. In some cases, non-recognized subsequent events are disclosed to keep the consolidated financial statements from being misleading.
	The Company has evaluated subsequent events through the date that the consolidated financial statements were issued. At the end of 2014, two mortgage loans were under contract to be sold. The sale was finalized during January 2015.

Schedule_I_Summary_of_Investme

Schedule I Summary of Investments - Other Than Investments in Related Parties	12 Months Ended
	Dec. 31, 2014
Supplemental Information [Abstract]
Summary of Investments - Other Than Investments in Related Parties	Schedule I
	Midwest Holding Inc. and Subsidiaries
	Summary of Investments — Other Than Investments in Related Parties
	31-Dec-14
						Amount
						Recognized in
		Amortized				Consolidated
		Cost		Fair Value		Balance Sheets
	Type of Investment
	Fixed maturity securities, available for sale:
	U.S. government obligations	$	3,670,531	$	3,772,754	$	3,772,754
	States and political subdivisions -- general obligations		1,054,400		1,029,008		1,029,008
	States and political subdivisions -- special revenue		1,254,184		1,221,850		1,221,850
	Corporate		13,310,436		12,930,578		12,930,578
	Total fixed maturity securities	$	19,289,551	$	18,954,190	$	18,954,190
	Equity securities
	Preferred corporate stock		75,000		75,000		75,000
	Total equity securities		75,000		75,000		75,000
	Equity method investments		978,744				978,744
	Equity securities, at cost		124,250				124,250
	Mortgage loans on real estate, held for investment		349,386				349,386
	Real estate, held for investment		541,809				541,809
	Policy loans		374,186				374,186
	Total Investments	$	21,732,926			$	21,397,565

Schedule_II_Condensed_Financia

Schedule II Condensed Financial Information of Registrant Balance Sheets	12 Months Ended
	Dec. 31, 2014
Supplemental Information [Abstract]
Condensed Financial Information of Registrant Balance Sheets	Schedule II
	Midwest Holding Inc. (Parent Company)
	Condensed Financial Information of Registrant
	Balance Sheets
		As of December 31,
		2014			2013
	Assets:
	Investment in subsidiaries (1)	$	5,988,239		$	5,483,331
	Equity method investments		978,744			1,800,859
	Equity securities, at cost		124,250			193,673
	Notes receivable		-			27,383
	Total investments		7,091,233			7,505,246
	Cash and cash equivalents		1,132,057			50,112
	Property and equipment, net		85,654			68,584
	Other assets		243,066			165,059
	Total assets	$	8,552,009		$	7,789,001
	Liabilities and Stockholders' Equity
	Liabilities:
	Accounts payable and accrued expenses		515,275			1,112,610
	Total liabilities		515,275			1,112,610
	Stockholders' Equity:
	Preferred stock, Series A		74			74
	Preferred stock, Series B		103			-
	Common stock		13,168			9,121
	Additional paid-in capital		29,583,631			25,131,714
	Stock subscription receivable		-			(1,917	)
	Accumulated deficit		(21,167,496	)		(17,722,510	)
	Accumulated other comprehensive loss		(392,745	)		(740,091	)
	Total Midwest Holding Inc.'s stockholders' equity		8,036,735			6,676,391
	Total liabilities and stockholders' equity	$	8,552,009		$	7,789,001
	____________________
	-1		Eliminated in consolidation.

Schedule_II_Condensed_Financia1

Schedule II Condensed Financial Information of Registrant Statements of Comprehensive Income	12 Months Ended
	Dec. 31, 2014
Supplemental Information [Abstract]
Condensed Financial Information of Registrant Statements of Comprehensive Income	Midwest Holding Inc. (Parent Company)
	Condensed Financial Information of Registrant
	Statements of Comprehensive Income
		As of December 31,
		2014			2013
	Income:
	Investment income, net of expenses	$	-443,847		$	2,382
	Net realized gain on investments		341,914			-
	Miscellaneous income		630,690			583,202
			528,757			585,584
	Expenses:
	General		1,940,913			2,054,302
	Loss before income tax expense		3,541,665			(1,468,718	)
	Income tax expense		-			-
	Loss before equity in loss of consolidated subsidiaries		3,541,665			(1,468,718	)
	Equity in loss of consolidated subsidiaries		(2,032,830	)		(485,418	)
	Net loss attributable to Midwest Holding Inc.	$	(3,444,986	)	$	(1,954,136	)
	Comprehensive loss:
	Unrealized gains (losses) on investments arising during period		347,346			(675,739	)
	Less: reclassification adjustment for net realized gains on investments		-			-
	Other comprehensive income (loss)		347,346			(675,739	)
	Comprehensive loss attributable to Midwest Holding Inc.	$	(3,097,640	)	$	(2,629,875	)

Schedule_II_Condensed_Financia2

Schedule II Condensed Financial Information of Registrant Statements of Cash Flows	12 Months Ended
	Dec. 31, 2014
Supplemental Information [Abstract]
Condensed Financial Information of Registrant Statements of Cash Flows	Midwest Holding Inc. (Parent Company)
	Condensed Financial Information of Registrant
	Statements of Cash Flows
		Year Ended December 31,
		2014				2013
	Cash Flows from Operating Activities:
	Net loss	$	(3,444,986	)		$	(1,954,136	)
	Adjustments to reconcile net loss to net cash and cash equivalents used in
	operating activities:
	Equity in net loss of consolidated subsidiaries		(1,199,861	)			1,002,153
	Depreciation		43,825				39,687
	Net realized gain on investments		(341,914	)			-
	Loss from equity method investments		438,175				13,720
	Non-cash compensation expense		1,917				11,500
	Other assets and liabilities		(675,343	)			993,397
	Net cash (used in) provided by operating activities		(5,178,187	)			106,321
	Cash Flows from Investing Activities:
	Securities available for sale:
	Sales, maturities and calls		-				9,000
	Equity securities carried at cost:
	Purchases		(61,383	)			-
	Proceeds from equity securities carried at cost		1,955,500				-
	Net change in notes receivable		27,383				-
	Merger of Great Plains Investment in New Mexico Capital Corporation		(20,000	)			-
	Purchases of property and equipment		(60,895	)			(2,335	)
	Net cash provided by investing activities		1,840,605				6,665
	Cash Flows from Financing Activities:
	Repurchases of common stock		(58,252	)			(215,783	)
	Proceeds from issuance of preferred stock		616,012				-
	Net transfers from noncontrolling interest		3,861,767				-
	Net cash provided by (used in) financing activities		4,419,527				(215,783	)
	Net increase (decrease) in cash and cash equivalents		1,081,945				(102,797	)
	Cash and cash equivalents:
	Beginning		50,112				152,909
	Ending	$	1,132,057			$	50,112
		2014			2013
	Supplemental Disclosure of Non-Cash Information
	Exchange of common stock for non-controlling interest	$	3,861,767		$	-

Schedule_III_Supplementary_Ins

Schedule III Supplementary Insurance Information

12 Months Ended

Dec. 31, 2014

Supplementary Insurance Information [Abstract]

Supplementary Insurance Information

Schedule III

Midwest Holding Inc. and Subsidiaries

Supplementary Insurance Information

As of December 31, 2014

For the Year Ended December 31, 2014

Future Policy

Death and

Amortization

Benefits,

Other Benefits

of Deferred

Deferred Policy

Claims and

Net

and Increase

Policy

Other

Acquisition

Deposit-type

Advance

Premium

Investment

in Benefit

Acquisition

Operating

Costs

Contracts

Premiums

Revenue

Income (Loss)

Reserves

Costs

Expenses

Life Insurance

$

2,646,970

$

50,816,924

$

82,504

$

4,007,810

$

(9,883

)

$

2,399,644

$

625,680

$

5,514,060

As of December 31, 2013

For the Year Ended December 31, 2013

Future Policy

Death and

Amortization

Benefits,

Other Benefits

of Deferred

Deferred Policy

Claims and

Net

and Increase

Policy

Other

Acquisition

Deposit-type

Advance

Premium

Investment

in Benefit

Acquisition

Operating

Costs

Contracts

Premiums

Revenue

Income (Loss)

Reserves

Costs

Expenses

Life Insurance

$

2,722,819

$

49,135,203

$

87,850

$

4,331,329

$

518,049

$

1,959,402

$

861,840

$

4,501,817

Schedule_IV_Reinsurance_Inform

Schedule IV Reinsurance Information	12 Months Ended
	Dec. 31, 2014
Reinsurance Information [Abstract]
Reinsurance Information	Schedule IV
	Midwest Holding Inc. and Subsidiaries
	Reinsurance Information
										Percentage
						Assumed				of Amount
				Ceded to Other		from Other				Assumed to
		Gross Amount		Companies		Companies		Net Amount		Net
	Year ended December 31, 2014
	Life insurance in force		245,498,000		141,321,000		13,913,000		118,090,000		11.78%
	Life insurance premiums	$	4,312,808	$	340,464	$	35,466	$	4,007,810		0.88%
	Year ended December 31, 2013
	Life insurance in force		274,944,000		153,161,000		2,605,000		124,388,000		2.09%
	Life insurance premiums	$	4,664,178	$	362,851	$	30,002	$	4,331,329		0.69%

Valuation_and_Qualifying_Accou

Valuation and Qualifying Accounts	12 Months Ended
	Dec. 31, 2014
Valuation and Qualifying Accounts [Abstract]
Valuation and Qualifying Accounts	Schedule V
	Midwest Holding Inc. and Subsidiaries
	Valuation and Qualifying Accounts
		Year Ended December 31,
		2014		2013
	Accumulated Depreciation:
	Beginning of the year		545,646		377,664
	Depreciation expense		174,658		167,982
	Disposals		7,137		-
	End of the year	$	713,166	$	545,646

Nature_of_Operations_and_Summa1

Nature of Operations and Summary of Significant Accounting Policies (Policy)	12 Months Ended
	Dec. 31, 2014
Nature of Operations and Summary of Significant Accounting Policies [Abstract]
Basis of presentation	Basis of presentation: The accompanying consolidated financial statements include the accounts of Midwest, our wholly owned subsidiary American Life, American Life's wholly owned subsidiaries Capital Reserve and Great Plains Life Assurance Company. Hereafter, entities are collectively referred to as the “Company,” “we,” “our” or “us.”
	Management evaluates the Company as one reporting segment in the life insurance industry. The Company is primarily engaged in the underwriting and marketing of life insurance products through its subsidiaries. The product offerings, the underwriting processes, and the marketing processes are similar. The Company's product offerings consist of a multi-benefit life insurance policy that combines cash value life insurance with a tax deferred annuity and a single premium term life product. These product offerings are underwritten, marketed, and managed primarily as a group of similar products on an overall portfolio basis.
	These consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (GAAP). All intercompany accounts and transactions have been eliminated in consolidation and certain immaterial reclassifications have been made to the prior period results to conform to the current period's presentation with no impact on results of operations or total stockholders' equity.
Investments	Investments: All fixed maturities and a portion of the equity securities owned by the Company are considered available-for-sale and are included in the consolidated financial statements at their fair value as of the financial statement date. Bond premiums and discounts are amortized using the scientific-yield method over the term of the bonds. Realized gains and losses on securities sold during the year are determined using the specific identification method. Unrealized holding gains and losses, net of applicable income taxes, are included in comprehensive loss.
	Declines in the fair value of available for sale securities below their amortized cost are evaluated to assess whether any other-than-temporary impairment loss should be recorded. In determining if these losses are expected to be other-than-temporary, the Company considers severity of impairment, duration of impairment, forecasted recovery period, industry outlook, financial condition of the issuer, issuer credit ratings, and the intent and ability of the Company to hold the investment until the recovery of the cost.
	The recognition of other-than-temporary impairment losses on debt securities is dependent on the facts and circumstances related to the specific security. If the Company intends to sell a security or it is more likely than not that the Company would be required to sell a security prior to recovery of the amortized cost, the difference between amortized cost and fair value is recognized in the statement of comprehensive income as an other-than-temporary impairment. If the Company does not expect to recover the amortized basis, does not plan to sell the security and if it is not more likely than not that the Company would be required to sell a security before the recovery of its amortized cost, the recognition of the other-than-temporary impairment is bifurcated. The Company recognizes the credit loss portion in the income statement and the noncredit loss portion in accumulated other comprehensive loss. The credit component of an other-than-temporary impairment is determined by comparing the net present value of projected cash flows with the amortized cost basis of the debt security. The net present value is calculated by discounting the Company's best estimate of projected future cash flows at the effective interest rate implicit in the fixed income security at the date of acquisition. Cash flow estimates are driven by assumptions regarding probability of default, including changes in credit ratings, and estimates regarding timing and amount of recoveries associated with a default. No other-than-temporary impairments were recognized during the years ended December 31, 2014 or 2013.
	Included within the Company's equity securities carried at cost and equity method investments are certain privately placed common stocks for several development stage holding companies organized for the purpose of forming life insurance subsidiaries. Our privately placed common stocks are recorded using cost basis or the equity method of accounting, depending on the facts and circumstances of each investment. These securities do not have a readily determinable fair value. The Company does not control these entities economically, and therefore does not consolidate these entities. The Company reports the earnings from privately placed common stocks accounted for under the equity method in net investment income.
	Investment income consists of interest, dividends, gains and losses from equity method investments, and real estate income, which are recognized on an accrual basis and amortization of premiums and discounts.
Mortgage loans on real estate, held for investment	Mortgage loans on real estate, held for investment: Mortgage loans on real estate, held for investment are carried at unpaid principal balances. Interest income on mortgage loans on real estate, held for investment is recognized in net investment income at the contract interest rate when earned. A mortgage loan is considered to be impaired when it is probable that the Company will be unable to collect all amounts due according to the contractual terms of the mortgage agreement. Valuation allowances on mortgage loans are established based upon losses expected by management to be realized in connection with future dispositions or settlement of mortgage loans, including foreclosures. The Company establishes valuation allowances for estimated impairments on an individual loan basis as of the balance sheet date. Such valuation allowances are based on the excess carrying value of the loan over the present value of expected future cash flows discounted at the loan's original effective interest rate. These evaluations are revised as conditions change and new information becomes available. No valuation allowance was established for mortgage loans on real estate, held for investment as of December 31, 2014 and 2013, primarily due the sale of three of the mortgage loans during the fourth quarter of 2014 with the two remaining loans being sold during January 2015.
Policy loans	Policy loans: Policy loans are carried at unpaid principal balances. Interest income on policy loans is recognized in net investment income at the contract interest rate when earned. No valuation allowance is established for these policy loans as the amount of the loan is fully secured by the death benefit of the policy and cash surrender value.
Notes receivable	Notes receivable: Notes receivable are stated at their outstanding principal amount. Outstanding notes accrue interest based on the terms of the respective note agreements.
Short-term investments	Short-term investments: Short-term investments are stated at cost and consist of certificates of deposit. At December 31, 2014 the Company did not have any short-term investments. At December 31, 2013, the Company had certificates of deposits where the cost of those investments approximated fair value due to the short duration to maturity.
Real estate, held for investment	Real estate, held for investment: Real estate, held for investment is comprised of ten condominiums in Hawaii acquired in the purchase of Old Reliance. Real estate is carried at depreciated cost. Depreciation on residential real estate is computed on a straight-line basis over 50 years.
Cash and cash equivalents	Cash and cash equivalents: The Company considers all liquid investments with original maturities of three months or less when purchased to be cash equivalents. At December 31, 2014, the Company had no cash equivalents. At December 31, 2013, cash equivalents consisted primarily of money market accounts. The Company has cash on deposit with financial institutions which at times may exceed the Federal Deposit Insurance Corporation insurance limits. The Company has not suffered any losses in the past and does not believe it is exposed to any significant credit risk in these balances.
Deferred acquisition costs	Deferred acquisition costs: Deferred acquisition costs consist of incremental direct costs, net of amounts ceded to reinsurers, that result directly from and are essential to the contract acquisition transaction and would not have been incurred by the Company had the contract acquisition not occurred, are capitalized, to the extent recoverable, and amortized over the life of the premiums produced. The Company evaluates the types of acquisition costs it capitalizes. The Company capitalizes agent compensation and benefits and other expenses that are directly related to the successful acquisition of contracts. The Company also capitalizes expenses directly related to activities performed by the Company, such as underwriting, policy issuance, and processing fees incurred in connection with successful contract acquisitions.
	Recoverability of deferred acquisition costs is evaluated periodically by comparing the current estimate of the present value of expected pretax future profits to the unamortized asset balance. If this current estimate is less than the existing balance, the difference is charged to expense. The Company performs a recoverability analysis annually in the fourth quarter unless events occur which require an immediate review. The Company determined during its December 31, 2014 analysis that all deferred acquisition costs were recoverable.
	The following table provides information about deferred acquisition costs for the years ended December 31, 2014 and 2013, respectively.
		Year Ended December 31,
		2014			2013
	Balance at beginning of period	$	2,722,819		$	2,650,957
	Capitalization of commissions, sales and issue expenses		549,831			933,702
	Gross amortization		(625,680	)		(861,840	)
	Balance at end of period	$	2,646,970		$	2,722,819
Value of business acquired	Value of business acquired: Value of business acquired represents the estimated value assigned to purchased companies or insurance in force of the assumed policy obligations at the date of acquisition of a block of policies. As previously discussed, American Life purchased Capital Reserve during 2010, resulting in an initial capitalized asset for value of business acquired of $116,326. This asset is being amortized on a straight-line basis, which approximates the earnings pattern of the related policies, over ten years. The Company recognized amortization expense of $11,633 for each of the years ended December 31, 2014 and 2013 relative to this transaction.
	Additionally, the Company paid an upfront ceding commission of $375,000 to Security National Life Insurance Company (SNL). An initial asset was established for the value of this business acquired totaling $348,010, representing primarily the ceding commission. This asset is being amortized on a straight-line basis, which approximates the earnings pattern of the related policies, over ten years, resulting in annual amortization of $34,801. Amortization recognized during each of the years ended December 31, 2014 and 2013 relative to this transaction totaled $34,801. The agreement has an automatic renewal provision unless the Company notifies SNL of its intention not to renew, no less than 180 days prior to the expiration of the then current agreement. Each automatic renewal period is for one year. This reinsurance remains in place.
	Additionally, American Life purchased Old Reliance in August 2011, resulting in an initial capitalized asset for value of business acquired of $824,485. This asset is being amortized over the life of the related policies (refer to “revenue recognition and related expenses” discussed later regarding amortization methods). Amortization recognized during the years ended December 31, 2014 and 2013 totaled $41,951 and $96,353, respectively.
	Recoverability of value of business acquired is evaluated periodically by comparing the current estimate of the present value of expected pretax future profits to the unamortized asset balance. If this current estimate is less than the existing balance, the difference is charged to expense. The Company performs a recoverability analysis annually in the fourth quarter unless events occur which require an immediate review. The Company determined during its December 31, 2014 and 2013, analysis that all value of business acquired were recoverable.
Goodwill and Other Intangible Assets	Goodwill and Other Intangible Assets: Goodwill represents the excess of the amounts paid to acquire subsidiaries and other businesses over the fair value of their net assets at the date of acquisition. Goodwill is tested for impairment at least annually in the fourth quarter or more frequently if events or circumstances change that would indicate that a triggering event has occurred.
	In September 2011, the FASB issued ASU 2011-08 which amends the rules for testing goodwill for impairment. Under the new rules, an entity has the option to first assess qualitative factors to determine whether the existence of events or circumstances leads to a determination that it is more likely than not that the fair value of a reporting unit is less than its carrying amount. If, after assessing the totality of events or circumstances, an entity determines it is not more likely than not that the fair value of a reporting unit is less than its carrying amount, then performing the two-step impairment test is unnecessary.
	The Company elected to forgo the qualitative impairment analysis and performed the first step of the goodwill quantitative analysis to determine if the fair value of the reporting unit was in excess of the carrying value. As of December 31, 2014 and 2013, the fair value of the Company's reporting units exceeded the carrying value of the net assets assigned to that unit and the Company was not required to perform further testing for impairment. Management's determination of the fair value of each reporting unit incorporates multiple inputs including, peer company price to earnings multiples and assumptions that market participants would make in valuing the reporting unit. Other assumptions can include levels of economic capital, future business growth, and earnings projections.
	The Company assesses the recoverability of indefinite-lived intangible assets at least annually or whenever events or circumstances suggest that the carrying value of an identifiable indefinite-lived intangible asset may exceed the sum of the future discounted cash flows expected to result from its use and eventual disposition. If the asset is considered to be impaired, the amount of any impairment is measured as the difference between the carrying value and the fair value of the impaired asset.
	The Company compared the carrying value of its identifiable indefinite-lived intangible assets to the sum of the future discounted cash flows. As of December 31, 2014 and 2013, the sum of the future discounted cash flows exceeded the carrying value of the indefinite-lived intangible assets. The assumptions and estimates used to determine future values are complex and subjective. They can be affected by various factors, including external factors such as industry and economic trends, and internal factors such as changes in our business strategy and our revenue forecasts.
Property and equipment	Property and equipment: Property and equipment are stated at cost net of accumulated depreciation. Annual depreciation is primarily computed using straight-line methods for financial reporting and straight-line and accelerated methods for tax purposes. Furniture and equipment is depreciated over 3 to 7 years and computer software and equipment is generally depreciated over 3 years. Depreciation expense totaled $174,658 and $167,982 for the years ended December 31, 2014 and 2013, respectively. The accumulated depreciation totaled $713,166 and $545,646 as of December 31, 2014 and December 31, 2013, respectively.
	Maintenance and repairs are expensed as incurred. Replacements and improvements which extend the useful life of the asset are capitalized. The net book value of assets sold or retired are removed from the accounts, and any resulting gain or loss is reflected in earnings.
	Long-lived assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. An impairment loss is recognized if the carrying amount of an asset may not be recoverable and exceeds estimated future undiscounted cash flows of the asset. A recognized impairment loss reduces the carrying amount of the asset to its fair value. The Company determined that no such events occurred that would indicate the carrying amounts may not be recoverable.
Reinsurance	Reinsurance: In the normal course of business, the Company seeks to limit aggregate and single exposure to losses on large risks by purchasing reinsurance. The amounts reported in the consolidated balance sheets as reinsurance recoverable include amounts billed to reinsurers on losses paid as well as estimates of amounts expected to be recovered from reinsurers on insurance liabilities that have not yet been paid. Reinsurance recoverable on unpaid losses are estimated based upon assumptions consistent with those used in establishing the liabilities related to the underlying reinsured contracts. Insurance liabilities are reported gross of reinsurance recoverable. Management believes the recoverables are appropriately established. The Company generally strives to diversify its credit risks related to reinsurance ceded. Reinsurance premiums are generally reflected in income in a manner consistent with the recognition of premiums on the reinsured contracts. Reinsurance does not extinguish the Company's primary liability under the policies written. Therefore, the Company regularly evaluates the financial condition of its reinsurers including their activities with respect to claim settlement practices and commutations, and establishes allowances for uncollectible reinsurance recoverable as appropriate. There were no allowances as of December 31, 2014 or 2013.
Benefit reserves	Benefit reserves: The Company establishes liabilities for amounts payable under insurance policies, including traditional life insurance and annuities. Generally, amounts are payable over an extended period of time. Liabilities for future policy benefits of traditional life insurance have been computed by a net level premium method based upon estimates at the time of issue for investment yields, mortality and withdrawals. These estimates include provisions for experience less favorable than initially expected. Mortality assumptions are based on industry experience expressed as a percentage of standard mortality tables.
Policy claims	Policy claims: Policy claims are based on reported claims plus estimated incurred but not reported claims developed from trends of historical data applied to current exposure.
Deposit-type contracts	Deposit-type contracts: Deposit-type contracts consist of amounts on deposit associated with deferred annuity riders, premium deposit funds and supplemental contracts without life contingencies.
Income taxes	Income taxes: The Company is subject to income taxes in the U.S. federal and various state jurisdictions. Tax regulations within each jurisdiction are subject to the interpretation of the related tax laws and regulations and require significant judgment to apply. With few exceptions, the Company is no longer subject to U.S. federal, state or local tax examinations by tax authorities for the years before 2011. The provision for income taxes is based on income as reported in the financial statements. The income tax provision is calculated under the asset and liability method. Deferred tax assets are recorded based on the differences between the financial statement and tax basis of assets and liabilities at the enacted tax rates. The principal assets and liabilities giving rise to such differences are investments, insurance reserves, and deferred acquisition costs. A deferred tax asset valuation allowance is established when there is uncertainty that such assets would be realized. The Company has no uncertain tax positions that they believe are more-likely-than not that the benefit will not to be realized. When applicable, the Company recognizes interest accrued related to unrecognized tax benefits and penalties in income tax expense. The Company had no accruals for payments of interest and penalties at December 31, 2014 and 2013.
Revenue recognition and related expenses	Revenue recognition and related expenses: Revenues on traditional life insurance products consist of direct and assumed premiums reported as earned when due.
	Amounts received as payment for annuities and/or non-traditional contracts such as interest sensitive whole life contracts, single payment endowment contracts, single payment juvenile contracts and other contracts without life contingencies are recognized as deposits to policyholder account balances and included in future insurance policy benefits. Revenues from these contracts are comprised of fees earned for administrative and contract-holder services and cost of insurance, which are recognized over the period of the contracts, and included in revenue. Deposits are shown as a financing activity in the Consolidated Statements of Cash Flows.
	Amounts received under our multi-benefit policy form are allocated to the life insurance portion of the multi-benefit life insurance arrangement and the annuity portion based upon the signed policy.
	Liabilities for future policy benefits are provided and acquisition costs are amortized by associating benefits and expenses with earned premiums to recognize related profits over the life of the contracts. Acquisition costs are amortized over the life of the premiums produced. Traditional life insurance products are treated as long duration contracts, which generally remain in force for the lifetime of the insured.
Comprehensive loss	Comprehensive loss: Comprehensive loss is comprised of net loss and other comprehensive income (loss). Other comprehensive loss includes unrealized gains and losses from marketable securities classified as available for sale, net of applicable taxes.
Common and preferred stock and earnings (loss) per share	Common and preferred stock and earnings (loss) per share: The par value per common share is $0.001 with 120,000,000 shares authorized. At December 31, 2014 and 2013, the Company had 13,167,654 and 9,120,239 common shares issued and outstanding, respectively.
	At December 31, 2014 and 2013, the Company had 1,179 warrants outstanding. The warrants are exercisable through December 31, 2016 for 10 shares of voting common stock at an exercise price of $6.50 per share.
	The Class A preferred shares are non-cumulative, non-voting and convertible by the holder to voting common shares after May, 2015, at a rate of 1.3 common shares for each preferred share (subject to customary anti-dilution adjustments). There is no stated dividend rate on the Class A shares, but the holders of Class A shares will receive a dividend on each outstanding share of Class A preferred stock in an amount equal to the amount of the dividend payable on each share of common stock. The par value per preferred share is $0.001 with 2,000,000 shares authorized. At both December 31, 2014 and 2013, the Company had 74,159 Class A preferred shares issued and outstanding.
	The Class B preferred shares are non-cumulative, non-voting and convertible by the holder to voting common shares after May 1, 2017 at a rate of 2.0 common shares for each preferred share. The Company may only affect a conversion through a deemed liquidation or initial public offering. The par value per preferred share is $0.001 with 1,000,000 shares authorized. The stated dividend rate on the Class B preferred shares is 7%, commencing after December 31, 2014. At December 31, 2014, the Company had 102,669 Class B preferred shares issued and outstanding. There were no shares outstanding as of December 31, 2013.
	The Company evaluated its Class B preferred stock for potential embedded derivatives. In doing so, the company first concluded that the nature of the host contract was more equity than debt like. The embedded conversion features were determined not to be derivatives as net settlement does not exist given the lack of trading activity in the company's stock. Additionally, the conversion features are clearly and closely related to an equity host contract. Consideration was also given to whether a beneficial conversion feature should be recognized in additional paid in capital for the intrinsic value of the conversion feature at the issuance date. The preferred stock is not mandatorily redeemable but may be redeemed at the time of a deemed liquidation. Holders could elect redemption upon the occurrence of certain deemed liquidation events, including mergers in which the company is a constituent party and sales of substantially all the assets of the corporation, that are within the Company's control if the Company does not dissolve the corporation. As such, the preferred stock is recognized in permanent equity. The redemption feature was determined to not be a derivative as settlement would be gross.
	Earnings (loss) per share attributable to the Company's common stockholders were computed based on the weighted average number of shares outstanding during each year. The weighted average number of shares outstanding during the years ended December 31, 2014 and 2013 were 10,654,483 and 9,111,004 shares, respectively.
Stock subscription receivable	[Stock subscription receivable: Our Board of Directors approved the issuance of 40,000 shares of voting common stock on March 7, 2010 to Mark Oliver, our Chief Executive Officer and a member of our Board of Directors. The shares were issued for $1.15 per share, which was the approximate fair value of the shares as of the date of issuance. The purchase price was paid by Mr. Oliver through delivery of a five-year promissory note secured by a pledge of the shares purchased. The balance of the receivable as of December 31, 2014 and December 31, 2013 was $0 and $1,917, respectively. This receivable was partially forgiven over the periods; resulting in non-cash compensation expense of $1,917 and $11,500 for the years ended December 31, 2014 and 2013, respectively.]
Risk and uncertainties	Risk and uncertainties: Certain risks and uncertainties are inherent in our day-to-day operations and in the process of preparing our consolidated financial statements. The more significant of those risks and uncertainties, as well as the Company's method for mitigating the risks, are presented below and throughout the notes to the consolidated financial statements.
	•	Estimates—The preparation of the consolidated 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 at the date of the consolidated financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from these estimates. Included among the material (or potentially material) reported amounts and disclosures that require extensive use of estimates are: fair value of certain invested assets, deferred acquisition costs, value of business acquired, goodwill, and future contract benefits.
	•	Reinsurance—Reinsurance contracts do not relieve us from our obligations to insureds. Failure of reinsurers to honor their obligations could result in losses to the Company; consequently, allowances are established for amounts deemed uncollectible when necessary. We evaluate the financial condition of our reinsurers to minimize our exposure to losses from reinsurer insolvencies. Management believes that any liabilities arising from this contingency would not be material to the Company's financial position.
	•	Investment Risk—The Company is exposed to risks that issuers of securities owned by the Company will default or that interest rates will change and cause a decrease in the value of our investments. As interest rates decline, the velocity at which these securities pay down the principal may increase. Management mitigates these risks by conservatively investing in investment-grade securities and by matching maturities of our investments with the anticipated payouts of our liabilities.
	•	Liquidity Risk—The Company has investments in development stage companies, which are either seeking to raise capital to form life insurance subsidiaries in their respective states of incorporation (Arkansas, Colorado, Idaho, Minnesota and New Mexico) or have recently formed a life insurance subsidiary (South Dakota and Wyoming). There is no public market for shares of these investments, and there is no assurance that one will develop. Therefore, the shares will have limited marketability for an indefinite period of time. There is not currently, and may never be, an active market in these securities, and there is no assurance that any of these securities will ever become publicly traded or that an active trading market will develop or be sustained. Consequently, we may not be able to liquidate our investment in these securities.
	•	Interest Rate Risk—Interest rate risk arises from the price sensitivity of investments to changes in interest rates. Interest and dividend income represent the greatest portion of an investment's return for most fixed maturity securities in stable interest rate environments. The changes in the fair value of such investments are inversely related to changes in market interest rates. As interest rates fall, the interest and dividend streams of existing fixed-rate investments become more valuable and fair values rise. As interest rates rise, the opposite effect occurs. The Company attempts to mitigate its exposure to adverse interest rate movements through staggering the maturities of the fixed maturity investments and through maintaining cash and other short term investments to assure sufficient liquidity to meet its obligations and to address reinvestment risk considerations. Due to the composition of our book of insurance business, we believe it is unlikely that we would encounter large surrender activity due to an interest rate increase that would force the disposal of fixed maturities at a loss.
	•	Credit Risk—The Company is exposed to credit risk through counterparties and within the investment portfolio. Credit risk relates to the uncertainty associated with an obligor's ability to make timely payments of principal and interest in accordance with the contractual terms of an instrument or contract. The Company manages its credit risk through established investment credit policies and guidelines which address the quality of creditors and counterparties, concentration limits, diversification practices and acceptable risk levels. These policies and guidelines are regularly reviewed and approved by senior management.
	•	Regulatory Factors—The Company is highly regulated by the jurisdictions in which our entities are domiciled and licensed to conduct business. Such regulations, among other things, limit the amount of rate increases on policies and impose restrictions on the amount and type of investments and the minimum surplus required to conduct business in the state. The impact of the regulatory initiatives in response to the recent financial crisis, including the Dodd-Frank Wall Street Reform and Consumer Protection Act, could subject the Company to substantial additional regulation.
	•	Vulnerability Due to Certain Concentrations—The Company monitors economic and regulatory developments that have the potential to impact our business. Federal legislation has allowed banks and other financial organizations to have greater participation in insurance businesses. This legislation may present an increased level of competition for sales of the Company's products.
New Accounting Standards	In July 2013, the FASB issued ASU 2013-11, Income Taxes (Topic 740)—Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward or Tax Credit Carryforward Exists, which finalizes Proposed ASU No. EITF-13C, and requires an entity's unrecognized tax benefit to be presented in its financial statements as a reduction to a deferred tax asset for a net operating loss carryforward, a similar tax loss, or a tax credit carryforward, with one exception. That exception states that, to the extent a net operating loss carryforward, a similar tax loss, or a tax credit carryforward is not available at the reporting date under the tax law of the applicable jurisdiction to settle any additional income taxes that would result from the disallowance of a tax position, or the tax law of the applicable jurisdiction does not require the entity to use, and the entity does not intend to use, the deferred tax asset for such purpose, the unrecognized tax benefit should be presented in the financial statements as a liability and should not be combined with deferred tax assets. The ASU applies prospectively for reporting periods beginning after December 15, 2013. Retrospective application and early adoption are also permitted. We do not expect ASU No. 2013-11 to have a material impact on our consolidated financial statements.
	In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers (Topic 606) regarding accounting for revenue recognition that identifies the accounting treatment for an entity's contracts with customers. Although insurance contracts are excluded from this ASU, other customer contracts of the Company would be covered. This guidance is effective for public entities for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period. The Company is currently evaluating this guidance, but it does not believe that there will be a material impact to the consolidated financial statements.
	All other new accounting standards and updates of existing standards issued through the date of this filing were considered by management and did not relate to accounting policies and procedures pertinent or material to the Company at this time.

Nature_of_Operations_and_Summa2

Nature of Operations and Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2014
Nature of Operations and Summary of Significant Accounting Policies [Abstract]
Schedule of Deferred Policy Acquisition Costs		Year Ended December 31,
		2014			2013
	Balance at beginning of period	$	2,722,819		$	2,650,957
	Capitalization of commissions, sales and issue expenses		549,831			933,702
	Gross amortization		(625,680	)		(861,840	)
	Balance at end of period	$	2,646,970		$	2,722,819

Noncontrolling_Interests_Table

Noncontrolling Interests (Tables)	12 Months Ended
	Dec. 31, 2014
Noncontrolling Interests [Abstract]
Schedule of Movement In Noncontrolling Interest		Year Ended December 31,
		2014			2013
	Net (loss) attributable to Midwest Holding Inc.	$	(3,444,986	)	$	(1,954,136	)
	Transfers (to) from noncontrolling interest:
	Increase in Midwest Holding Inc.'s additional
	paid-in capital for Great Plains Financial stock
	purchases, net of change in ownership		3,861,768			-
	Change from net loss attributable to Midwest Holding
	Inc. and transfers from noncontrolling interests	$	416,782		$	(1,954,136	)

Investments_Tables

Investments (Tables)	12 Months Ended
	Dec. 31, 2014
Investments [Abstract]
Schedule of Available for Sale Investments					Gross			Gross
		Amortized			Unrealized			Unrealized		Estimated
		Cost			Gains			Losses		Fair Value
	December 31, 2014:
	Fixed maturities:
	U.S. government obligations	$	3,670,531		$	124,573		$	22,350	$	3,772,754
	States and political subdivisions -- general obligations		1,054,400			4,971			30,363		1,029,008
	States and political subdivisions -- special revenue		1,254,184			2,699			35,033		1,221,850
	Corporate		13,310,436			2,071			381,929		12,930,578
	Total fixed maturities		19,289,551			134,314			469,675		18,954,190
	Equity securities:
	Preferred corporate stock		75,000			-			-		75,000
	Total equity securities		75,000			-			-		75,000
	Total	$	19,364,551		$	134,314		$	469,675	$	19,029,190
	December 31, 2013:
	Fixed maturities:
	U.S. government obligations	$	2,483,199		$	23,398		$	43,502	$	2,463,095
	States and political subdivisions -- general obligations		1,147,325			-			107,030		1,040,295
	States and political subdivisions -- special revenue		1,573,336			-			118,944		1,454,392
	Corporate		9,728,599			2,378			498,052		9,232,925
	Total fixed maturities		14,932,459			25,776			767,528		14,190,707
	Equity securities:
	Preferred corporate stock		75,000			-			-		75,000
	Total equity securities		75,000			-			-		75,000
	Total	$	15,007,459		$	25,776		$	767,528	$	14,265,707
Schedule of Amortized Cost, Fair Value, Credit Rating		Amortized			Estimated
		Cost			Fair Value			Credit Rating
	December 31, 2014:
	Fixed maturities:
	States and political subdivisions -- general obligations
	Maricopa County Arizona School District No. 31	$	338,923		$	331,657		AA-
Schedule of Unrealized Loss of Securities		31-Dec-14								31-Dec-13
					Gross			Number				Gross		Number
		Estimated			Unrealized			of		Estimated		Unrealized		of
		Fair Value			Loss			Securities		Fair Value		Loss		Securities
	Fixed Maturities:
	Less than 12 months:
	U.S. government obligations	$	107,273		$	3,963			1	$	578,914	$	43,502		6
	States and political subdivisions --
	general obligations		-			-			-		320,416		32,506		3
	States and political subdivisions --
	special revenue		-						-		653,897		56,717		11
	Corporate		8,253,570			261,055			47		7,998,855		498,052		73
	Greater than 12 months:
	U.S. government obligations		1,096,399			18,387			8		-		-		-
	States and political subdivisions --
	general obligations		709,176			30,363			4		719,879		74,524		4
	States and political subdivisions --
	special revenue		1,052,184			35,033			9		800,495		62,227		6
	Corporate		3,874,046			120,874			31		-		-		-
	Total fixed maturities	$	15,092,648		$	469,675			100	$	11,072,456	$	767,528		103
Schedule of Fixed Maturities		Amortized			Estimated
		Cost			Fair Value
	Due in one year or less	$	299,317		$	302,169
	Due after one year through five years		2,809,511			2,833,832
	Due after five years through ten years		9,180,223			9,051,032
	Due after ten years		7,000,500			6,767,157
		$	19,289,551		$	18,954,190
Components of Net Investment Income		Year Ended December 31,
		2014				2013
	Fixed maturities	$	401,138			$	398,377
	Equity securities		83				32,493
	Cash and short-term investments		3,965				14,804
	Loss from equity method investments		(438,175	)			(13,720	)
	Other		99,477				132,634
			66,488				564,588
	Less investment expenses		(76,371	)			(46,539	)
		$	(9,883	)		$	518,049
Schedule of Mortgage Loan Activity		Year Ended December 31,
		2014				2013
	Balance at beginning of period	$	665,569			$	677,011
	Proceeds from payments on mortgage loans on real estate, held for investment		(3,931	)			(11,442	)
	Proceeds from settlement on mortgage loans on real estate, held for investment		(312,252	)			-
	Balance at end of period	$	349,386			$	665,569

Fair_Values_of_Financial_Instr1

Fair Values of Financial Instruments (Tables)	12 Months Ended
	Dec. 31, 2014
Fair Values of Financial Instruments [Abstract]
Schedule of Financial Instruments at Fair Value Measured on a Recurring Basis				Significant
		Quoted		Other		Significant
		In Active		Observable		Unobservable		Estimated
		Markets		Inputs		Inputs		Fair
		(Level 1)		(Level 2)		(Level 3)		Value
	31-Dec-14
	Fixed maturities:
	U.S. government obligations	$	-	$	3,772,754	$	-	$	3,772,754
	States and political subdivisions — general obligations		-		1,029,008		-		1,029,008
	States and political subdivisions — special revenue		-		1,221,850		-		1,221,850
	Corporate		-		12,930,578		-		12,930,578
	Total fixed maturities		-		18,954,190		-		18,954,190
	Equity securities:
	Preferred corporate stock		-		75,000		-		75,000
	Total equity securities		-		75,000		-		75,000
	Total	$	-	$	19,029,190	$	-	$	19,029,190
	31-Dec-13
	Fixed maturities:
	U.S. government obligations	$	-	$	2,463,095	$	-	$	2,463,095
	States and political subdivisions — general obligations		-		1,040,295		-		1,040,295
	States and political subdivisions — special revenue		-		1,454,392		-		1,454,392
	Corporate		-		9,232,925		-		9,232,925
	Total fixed maturities		-		14,190,707		-		14,190,707
	Equity securities:
	Preferred corporate stock		-		75,000		-		75,000
	Total equity securities		-		75,000		-		75,000
	Total	$	-	$	14,265,707	$	-	$	14,265,707
Schedule of Financial Assets and Liabilities at Fair Value		31-Dec-14
				Fair Value Measurements at Date Using
				Quoted Prices in
				Active Markets
				for Identical		Significant Other		Significant
				Assets and		Observable		Unobservable
		Carrying		Liabilities		Inputs		Inputs		Fair
		Amount		(Level 1)		(Level 2)		(Level 3)		Value
	Assets:
	Mortgage loans on real estate held for
	investment	$	349,386	$	-	$	-	$	349,386	$	349,386
	Policy loans		374,186		-		-		374,186		374,186
	Cash and cash equivalents		2,310,047		2,310,047		-		-		2,310,047
	Liabilities:
	Policyholder deposits
	(Deposit-type contracts)		16,461,061		-		-		16,461,061		16,461,061
	Surplus notes and accrued interest payable		746,927						739,042		739,042
		31-Dec-13
				Fair Value Measurements at Date Using
				Quoted Prices in
				Active Markets
				for Identical		Significant Other		Significant
				Assets and		Observable		Unobservable
		Carrying		Liabilities		Inputs		Inputs		Fair
		Amount		(Level 1)		(Level 2)		(Level 3)		Value
	Assets:
	Mortgage loans on real estate held for
	investment	$	665,569	$	-	$	-	$	690,591	$	690,591
	Policy loans		369,513		-		-		369,513		369,513
	Notes receivable		27,383		-		-		27,383		27,383
	Short-term investments		1,180,314		1,180,314		-		-		1,180,314
	Cash and cash equivalents		3,377,978		3,377,978		-		-		3,377,978
	Liabilities:
	Policyholder deposits
	(Investment-type contracts)		14,739,655		-		-		14,739,655		14,739,655
	Surplus notes and accrued interest payable		714,000		-		-		704,192		704,192

Income_Tax_Matters_Tables

Income Tax Matters (Tables)	12 Months Ended
	Dec. 31, 2014
Income Tax Matters [Abstract]
Schedule of Deferred Tax Assets and Liabilities		Year Ended December 31,
		2014			2013
	Deferred tax assets:
	Loss carry forwards	$	7,598,830		$	6,594,919
	Capitalized costs		802,000			821,248
	Unrealized losses on investments		121,110			252,196
	Benefit reserves		1,239,299			1,235,692
	Total deferred tax assets		9,761,238			8,904,055
	Less valuation allowance		(8,112,743	)		(7,132,984	)
	Total deferred tax assets, net of valuation allowance		1,648,495			1,771,071
	Deferred tax liabilities:
	Policy acquisition costs		908,021			978,902
	Due premiums		220,823			222,067
	Value of business acquired		249,351			279,402
	Intangible assets		238,000			238,000
	Property and equipment		32,300			52,700
	Total deferred tax liabilities		1,648,495			1,771,071
	Net deferred tax assets	$	-		$	-
Schedule of Effective Tax Rate Reconciliation		Year Ended December 31,
		2014			2013
	Computed expected income tax benefit	$	(1,171,295	)	$	(669,045	)
	Increase (reduction) in income taxes resulting from:
	Meals, entertainment and political contributions		24,141			29,497
	Dividends received deduction		(20	)		(5,452	)
	Noncontrolling interests		10,597			(17,632	)
	Other		25,732			(37,689	)
			60,450			(31,276	)
	Tax benefit before valuation allowance		(1,110,845	)		(700,321	)
	Change in valuation allowance		1,110,845			700,321
	Net income tax expenses	$	-		$	-

Reinsurance_Tables

Reinsurance (Tables)	12 Months Ended
	Dec. 31, 2014
Reinsurance [Abstract]
Summary of Significant Reinsurance Amounts		Year Ended December 31,
		2014			2013
	Balance sheets:
	Benefit and claim reserves assumed	$	2,678,376		$	2,814,704
	Benefit and claim reserves ceded		29,012,678			30,660,618
		Year Ended December 31,
		2014			2013
	Statements of comprehensive income:
	Premiums assumed	$	35,466		$	30,002
	Premiums ceded		340,464			362,851
	Benefits assumed		82,897			42,099
	Benefits ceded		983,168			760,017
	Commissions assumed		44			38
	Commissions ceded		6,216			4,432
Schedule of Significant Reinsurance Balances									Recoverable on				Total Amount
				Recoverable			Recoverable		Benefit		Ceded		Recoverable
		AM Best		on Paid			on Unpaid		Reserves/Deposit-		Due		from
	Reinsurer	Rating		Losses			Losses		type Contracts		Premiums		Reinsurer
	SNL	NR		$	-		$	120,464	$	16,320,256	$	64,952	$	16,375,768
	Optimum Re Insurance Company	A-			-			19,008		474,430		-		493,438
	Sagicor Life Insurance Company	A-			-			659,458		11,703,660		219,646		12,143,472
				$	-		$	798,930	$	28,498,346	$	284,598	$	29,012,678

DepositType_Contracts_Tables

Deposit-Type Contracts (Tables)	12 Months Ended
	Dec. 31, 2014
Deposit Type Contracts [Abstract]
Schedule of Contracts		Year Ended December 31,
		2014			2013
	Beginning balance	$	14,739,655		$	12,865,671
	Change in deposit-type contracts assumed from SNL		(114,109	)		(66,572	)
	Change in deposit-type contracts fully ceded by Capital Reserve		(578,716	)		(683,070	)
	Deposits received		2,409,659			2,636,959
	Investment earnings		403,556			253,189
	Withdrawals		(398,984	)		(266,522	)
	Ending balance	$	16,461,061		$	14,739,655

Commitments_and_Contingencies_

Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2014
Commitments and Contingencies [Abstract]
Schedule of Future Minimum Payments	2015	$	142,772
	2016		137,088
	2017		133,603
	2018		136,557
	2019		141,412
	Later years		629,811
	Total	$	1,321,242

Statutory_Net_Income_and_Surpl1

Statutory Net Income and Surplus (Tables)	12 Months Ended
	Dec. 31, 2014
Statutory Net Income and Surplus [Abstract]
Statutory Accounting Practices Disclosure		Statutory Capital and Surplus as of December 31,
		2014		2013
	American Life		$2,422,917		$1,865,200
	Capital Reserve		$1,332,771		$1,259,746
	Great Plains Life		$2,025,982		$2,158,481
		Statutory Net Loss for the Years Ended December 31,
		2014		2013
	American Life		$1,580,355		$  20,497
	Capital Reserve		$   123,940		$115,884
	Great Plains Life		$   112,891		$123,023

Surplus_Notes_Tables

Surplus Notes (Tables)	12 Months Ended
	Dec. 31, 2014
Surplus Notes [Abstract]
Summary of Surplus Notes	Creditor	Issue Date	Maturity Date	Face Amount		Interest Rate
	David G. Elmore	1-Sep-06	1-Sep-16	$	250,000	7%
	David G. Elmore	4-Aug-11	1-Aug-16		300,000	5%

Nature_of_Operations_and_Summa3

Nature of Operations and Summary of Significant Accounting Policies (Schedule of Deferred Acquisition Costs) (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Nature of Operations and Summary of Significant Accounting Policies [Abstract]
Balance at beginning of period	$2,722,819	$2,650,957
Capitalization of commissions, sales and issue expenses	549,831	933,702
Gross amortization	-625,680	-861,840
Balance at the end of period	$2,646,970	$2,722,819

Nature_of_Operations_and_Summa4

Nature of Operations and Summary of Significant Accounting Policies (Narrative) (Details) (USD $)	12 Months Ended			0 Months Ended	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2010	Oct. 01, 2014	Dec. 31, 2011	Dec. 31, 2009	Mar. 07, 2010	Jun. 30, 2010	Aug. 31, 2011	Aug. 05, 2014	Mar. 31, 2014	Dec. 31, 2012
Weighted average number of shares outstanding	10,654,483	9,111,004
Issuances of stock, net of capital raising expenses	$616,012
Business Combination, Consideration Transferred, Equity Interests Issued and Issuable			500,000
Common Stock, Par or Stated Value Per Share	$0.00	$0.00
Common Stock, Shares Authorized (in shares)	120,000,000	120,000,000
Common stock, shares issued (in shares)	13,167,654	9,120,239
Common stock, shares outstanding (in shares)	13,167,654	9,120,239
Warrants outstanding	1,179	1,179
Number of shares of voting common stock issuable upon exercise of warrant	10
Exercise price of warrants (in dollars per share)	$6.50
Non cash compensation	1,917	11,500
Depreciation	174,658	167,982
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment	713,166	545,646
Value of business acquired	733,386	821,771
Retained Earnings [Member]
Issuances of stock, net of capital raising expenses
Director [Member]
Number Of Shares Approved For Issuance (in shares)							40,000
Due from Related Parties	0	1,917
Share Price (in dollars per share)							$1.15
Residential Real Estate [Member]
Property, Plant and Equipment, Useful Life	50 years
Furniture and Fixtures [Member] | Minimum [Member]
Property, Plant and Equipment, Useful Life	3 years
Furniture and Fixtures [Member] | Maximum [Member]
Property, Plant and Equipment, Useful Life	7 years
Software [Member]
Property, Plant and Equipment, Useful Life	3 years
Hot Dot, Inc [Member]
Cash payment for acquisition					1,050,000
Gain on repurchase of remaining shares owned				251,102
Stock Issued During Period, Value, Acquisitions				775,000	750,000
Stock Issued During Period, Shares, Acquisitions (in shares)				1,500,000	1,000,000
Capital Reserve Life Insurance Company [Member]
Ownership percentage								100.00%
Cost Of Acquired Entity In Addition To Statutory Capital and Surplus								116,326
Amortization of Capitalized Value of Business Acquired Asset	11,633	11,633
Finite-Lived Intangible Assets, Remaining Amortization Period			10 years
Insurance Ceding Commission Paid			375,000
Business Acquisition, Asset Representing Ceding Commission			348,010
Ceding Commission Asset, Annual Amortization Amount			34,801
Security National Life Insurance Company [Member]
Amortization of Capitalized Value of Business Acquired Asset	34,801	34,801
Old Reliance [Member]
Stock Issued During Period, Shares, New Issues (in shares)			150,000
Cash payment for acquisition			1,600,000
Business Combination, Consideration Transferred, Equity Interests Issued and Issuable			750,000
Amortization of Capitalized Value of Business Acquired Asset	41,951	96,353
Value of business acquired									824,485
Great Plains Financial Corporation [Member]
Ownership percentage		25.70%								74.30%	22.40%	24.50%
Series A Preferred Stock [Member]
Conversion Ratio	1.3
Preferred Stock, Shares Issued (in shares)	74,159	74,159
Preferred stock, par value (in dollars per share)	$0.00	$0.00
Preferred stock, shares authorized (in shares)	2,000,000	2,000,000
Preferred stock, shares outstanding (in shares)	74,159	74,159
Series B Preferred Stock [Member]
Conversion Ratio	2
Preferred Stock, Shares Issued (in shares)	102,669
Stated dividend rate	7.00%
Preferred stock, par value (in dollars per share)	$0.00	$0.00
Preferred stock, shares authorized (in shares)	1,000,000	1,000,000
Preferred stock, shares outstanding (in shares)	102,669
Intra State Offering [Member]
Stock Issued During Period Shares Issue Price (in dollars per share)			$6
Issuances of stock, net of capital raising expenses			$7,400,000
Conversion Ratio			1.3
Preferred Stock, Shares Issued (in shares)			74,159
Intra State Offering [Member] | Convertible Preferred Stock [Member]
Stock Issued During Period, Shares, New Issues (in shares)						2,000,000
Stock Issued During Period Shares Issue Price (in dollars per share)						$5
Percentage Of Oversale On Final Offering						10.00%

Noncontrolling_Interests_Detai

Noncontrolling Interests (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Net (loss) attributable to Midwest Holding Inc.	($3,444,986)	($1,954,136)
Transfers (to) from noncontrolling interest:
Increase (Decrease) in Midwest Holding Inc's additional paid-in capital		-97,181
Change in equity from net loss attributable to Midwest Holding Inc. and excluding impact of transfers from noncontrolling interests	416,782	-1,954,136
Great Plains Financial Corporation [Member]
Transfers (to) from noncontrolling interest:
Increase (Decrease) in Midwest Holding Inc's additional paid-in capital	$3,861,768

Investments_Schedule_of_Availa

Investments (Schedule of Available for Sale Investments) (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Amortized Cost	$19,364,551	$15,007,459
Gross Unrealized Gains	134,314	25,776
Gross Unrealized Losses	469,675	767,528
Estimated Fair Value	19,029,190	14,265,707
Fixed Maturities [Member]
Amortized Cost	19,289,551	14,932,459
Gross Unrealized Gains	134,314	25,776
Gross Unrealized Losses	469,675	767,528
Estimated Fair Value	18,954,190	14,190,707
Fixed Maturities [Member] | Us Treasury and Government [Member]
Amortized Cost	3,670,531	2,483,199
Gross Unrealized Gains	124,573	23,398
Gross Unrealized Losses	22,350	43,502
Estimated Fair Value	3,772,754	2,463,095
Fixed Maturities [Member] | States and Political Subdivisions General Obligations [Member]
Amortized Cost	1,054,400	1,147,325
Gross Unrealized Gains	4,971
Gross Unrealized Losses	30,363	107,030
Estimated Fair Value	1,029,008	1,040,295
Fixed Maturities [Member] | States and Political Subdivisions Special Revenue [Member]
Amortized Cost	1,254,184	1,573,336
Gross Unrealized Gains	2,699
Gross Unrealized Losses	35,033	118,944
Estimated Fair Value	1,221,850	1,454,392
Fixed Maturities [Member] | Corporate Debt Securities [Member]
Amortized Cost	13,310,436	9,728,599
Gross Unrealized Gains	2,071	2,378
Gross Unrealized Losses	381,929	498,052
Estimated Fair Value	12,930,578	9,232,925
Equity Securities [Member]
Amortized Cost	75,000	75,000
Gross Unrealized Gains
Gross Unrealized Losses
Estimated Fair Value	75,000	75,000
Equity Securities [Member] | Preferred Stock [Member]
Amortized Cost	75,000	75,000
Gross Unrealized Gains
Gross Unrealized Losses
Estimated Fair Value	$75,000	$75,000

Investments_Schedule_of_Amorti

Investments (Schedule of Amortized Cost, Fair Value, Credit Rating) (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Amortized Cost	$19,289,551	$14,932,459
Us States and Political Subdivisions Debt Securities [Member]
Amortized Cost	338,923
Estimated Fair Value	$331,657
Credit Rating	AA-

Investments_Schedule_of_Unreal

Investments (Schedule of Unrealized Loss of Securities) (Details) (Fixed Maturities [Member], USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
	item	item
Estimated Fair Value, Total	$15,092,648	$11,072,456
Gross Unrealized Loss, Total	469,675	767,528
Number of Securities, Total	100	103
Us Treasury and Government [Member]
Estimated Fair Value, Less than 12 months	107,273	578,914
Gross Unrealized Loss, Less than 12 months	3,963	43,502
Number of Securities, Less than 12 months	1	6
Estimated Fair value, Greater than 12 months	1,096,399
Gross Unrealized Loss, Greater than 12 months	18,387
Number of Securities, Greater than 12 months	8
States and Political Subdivisions General Obligations [Member]
Estimated Fair Value, Less than 12 months		320,416
Gross Unrealized Loss, Less than 12 months		32,506
Number of Securities, Less than 12 months		3
Estimated Fair value, Greater than 12 months	709,176	719,879
Gross Unrealized Loss, Greater than 12 months	30,363	74,524
Number of Securities, Greater than 12 months	4	4
States and Political Subdivisions Special Revenue [Member]
Estimated Fair Value, Less than 12 months		653,897
Gross Unrealized Loss, Less than 12 months		56,717
Number of Securities, Less than 12 months		11
Estimated Fair value, Greater than 12 months	1,052,184	800,495
Gross Unrealized Loss, Greater than 12 months	35,033	62,227
Number of Securities, Greater than 12 months	9	6
Corporate Debt Securities [Member]
Estimated Fair Value, Less than 12 months	8,253,570	7,998,855
Gross Unrealized Loss, Less than 12 months	261,055	498,052
Number of Securities, Less than 12 months	47	73
Estimated Fair value, Greater than 12 months	3,874,046
Gross Unrealized Loss, Greater than 12 months	$120,874
Number of Securities, Greater than 12 months	31

Investments_Schedule_of_Fixed_

Investments (Schedule of Fixed Maturities) (Details) (USD $)	Dec. 31, 2014	Dec. 31, 2013
Investments [Abstract]
Amortized Cost, Due in one year or less	$299,317
Amortized Cost, Due after one year through five years	2,809,511
Amortized Cost, Due after five years through ten years	9,180,223
Amortized Cost, Due after ten years	7,000,500
Available-for-sale Securities, Debt Maturities, Amortized Cost	19,289,551	14,932,459
Estimated Fair Value, Due in one year or less	302,169
Estimated Fair Value, Due after one year through five years	2,833,832
Estimated Fair Value, Due after five years through ten years	9,051,032
Estimated Fair Value, Due after ten years	6,767,157
Available-for-sale Securities, Debt Securities, Estimated Fair Value	$18,954,190	$14,190,707

Investments_Components_of_Net_

Investments (Components of Net Investment Income) (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Equity in the net (loss) income of unconsolidated subsidiaries	($438,174)	($13,720)
Investment Income Insurance Entity Including Expenses	66,488	564,588
Less investment expenses	76,371	46,539
Net investment income	-9,883	518,049
Hot Dot
Equity in the net (loss) income of unconsolidated subsidiaries	90,812
Northern Plains
Equity in the net (loss) income of unconsolidated subsidiaries	251,104
Fixed Maturities [Member]
Net investment income	401,138	398,377
Equity Securities [Member]
Net investment income	83	32,493
Cash and Cash Equivalents [Member]
Net investment income	3,965	14,804
Equity Method Investments [Member]
Net investment income	-438,175	-13,720
Other Long Term Investment [Member]
Net investment income	$99,477	$132,634

Investments_Schedule_of_Mortga

Investments (Schedule of Mortgage Loan Activity) (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Investments [Abstract]
Balance at beginning of period	$665,569	$677,011
Proceeds from payments on mortgage loans on real estate, held for investment	-3,931	-11,442
Proceeds from settlement on mortgage loans on real estate, held for investment	-312,252
Balance at end of period	$349,386	$665,569

Investments_Narrative_Details

Investments (Narrative) (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Investments [Abstract]
Number Of Debt Securities	1
Percentage Of Debt Securities	10.00%
Separate Account Assets	$3,824,485	$2,967,441
Assets On Deposits Fair Value	3,918,911	2,912,017
Proceeds From Sale Of Available-For-Sale Securities	8,360,990	6,877,586
Available-for-sale Securities, Gross Realized Gains	51,222	145,124
Available-for-sale Securities, Gross Realized Losses	$46,831	$139,388

Fair_Values_of_Financial_Instr2

Fair Values of Financial Instruments (Schedule of Financial Instruments at Fair Value Measured on a Recurring Basis) (Details) (USD $)	Dec. 31, 2014	Dec. 31, 2013
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, available for sale, equity securities	$19,029,190	$14,265,707
Fixed Maturities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, available for sale, equity securities	18,954,190	14,190,707
Equity Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, available for sale, equity securities	75,000	75,000
Us Treasury and Government [Member] | Fixed Maturities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, available for sale, equity securities	3,772,754	2,463,095
States and Political Subdivisions General Obligations [Member] | Fixed Maturities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, available for sale, equity securities	1,029,008	1,040,295
States and Political Subdivisions Special Revenue [Member] | Fixed Maturities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, available for sale, equity securities	1,221,850	1,454,392
Corporate Debt Securities [Member] | Fixed Maturities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, available for sale, equity securities	12,930,578	9,232,925
Preferred Stock [Member] | Equity Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, available for sale, equity securities	75,000	75,000
Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, available for sale, equity securities
Fair Value, Inputs, Level 1 [Member] | Fixed Maturities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, available for sale, equity securities
Fair Value, Inputs, Level 1 [Member] | Equity Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, available for sale, equity securities
Fair Value, Inputs, Level 1 [Member] | Us Treasury and Government [Member] | Fixed Maturities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, available for sale, equity securities
Fair Value, Inputs, Level 1 [Member] | States and Political Subdivisions General Obligations [Member] | Fixed Maturities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, available for sale, equity securities
Fair Value, Inputs, Level 1 [Member] | States and Political Subdivisions Special Revenue [Member] | Fixed Maturities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, available for sale, equity securities
Fair Value, Inputs, Level 1 [Member] | Corporate Debt Securities [Member] | Fixed Maturities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, available for sale, equity securities
Fair Value, Inputs, Level 1 [Member] | Preferred Stock [Member] | Equity Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, available for sale, equity securities
Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, available for sale, equity securities	19,029,190	14,265,707
Fair Value, Inputs, Level 2 [Member] | Fixed Maturities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, available for sale, equity securities	18,954,190	14,190,707
Fair Value, Inputs, Level 2 [Member] | Equity Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, available for sale, equity securities	75,000	75,000
Fair Value, Inputs, Level 2 [Member] | Us Treasury and Government [Member] | Fixed Maturities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, available for sale, equity securities	3,772,754	2,463,095
Fair Value, Inputs, Level 2 [Member] | States and Political Subdivisions General Obligations [Member] | Fixed Maturities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, available for sale, equity securities	1,029,008	1,040,295
Fair Value, Inputs, Level 2 [Member] | States and Political Subdivisions Special Revenue [Member] | Fixed Maturities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, available for sale, equity securities	1,221,850	1,454,392
Fair Value, Inputs, Level 2 [Member] | Corporate Debt Securities [Member] | Fixed Maturities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, available for sale, equity securities	12,930,578	9,232,925
Fair Value, Inputs, Level 2 [Member] | Preferred Stock [Member] | Equity Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, available for sale, equity securities	75,000	75,000
Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, available for sale, equity securities
Fair Value, Inputs, Level 3 [Member] | Fixed Maturities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, available for sale, equity securities
Fair Value, Inputs, Level 3 [Member] | Equity Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, available for sale, equity securities
Fair Value, Inputs, Level 3 [Member] | Us Treasury and Government [Member] | Fixed Maturities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, available for sale, equity securities
Fair Value, Inputs, Level 3 [Member] | States and Political Subdivisions General Obligations [Member] | Fixed Maturities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, available for sale, equity securities
Fair Value, Inputs, Level 3 [Member] | States and Political Subdivisions Special Revenue [Member] | Fixed Maturities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, available for sale, equity securities
Fair Value, Inputs, Level 3 [Member] | Corporate Debt Securities [Member] | Fixed Maturities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, available for sale, equity securities
Fair Value, Inputs, Level 3 [Member] | Preferred Stock [Member] | Equity Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, available for sale, equity securities

Fair_Values_of_Financial_Instr3

Fair Values of Financial Instruments (Schedule of Financial Assets and Liabilities at Fair Value) (Details) (USD $)	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Assets:
Mortgage loans on real estate, held for investment	$349,386	$665,569
Short-term investments		1,180,314
Cash and cash equivalents	2,310,047	3,377,978	4,346,555
Liabilities:
Surplus Notes and Accrued Interest Payable	550,000	550,000
Carrying (Reported) Amount, Fair Value Disclosure [Member]
Assets:
Mortgage loans on real estate, held for investment	349,386	665,569
Policy loans	374,186	369,513
Notes receivable		27,383
Short-term investments		1,180,314
Cash and cash equivalents	2,310,047	3,377,978
Liabilities:
Policyholder deposits (Deposit-type contracts)	16,461,061	14,739,655
Surplus Notes and Accrued Interest Payable	746,927	714,000
Estimate Of Fair Value, Fair Value Disclosure [Member]
Assets:
Mortgage loans on real estate, held for investment	349,386	690,591
Policy loans	374,186	369,513
Notes receivable		27,383
Short-term investments		1,180,314
Cash and cash equivalents	2,310,047	3,377,978
Liabilities:
Policyholder deposits (Deposit-type contracts)	16,461,061	14,739,655
Surplus Notes and Accrued Interest Payable	739,042	704,192
Estimate Of Fair Value, Fair Value Disclosure [Member] | Fair Value, Inputs, Level 1 [Member]
Assets:
Mortgage loans on real estate, held for investment
Policy loans
Notes receivable
Short-term investments		1,180,314
Cash and cash equivalents	2,310,047	3,377,978
Liabilities:
Policyholder deposits (Deposit-type contracts)
Surplus Notes and Accrued Interest Payable
Estimate Of Fair Value, Fair Value Disclosure [Member] | Fair Value, Inputs, Level 2 [Member]
Assets:
Mortgage loans on real estate, held for investment
Policy loans
Notes receivable
Short-term investments
Cash and cash equivalents
Liabilities:
Policyholder deposits (Deposit-type contracts)
Surplus Notes and Accrued Interest Payable
Estimate Of Fair Value, Fair Value Disclosure [Member] | Fair Value, Inputs, Level 3 [Member]
Assets:
Mortgage loans on real estate, held for investment	349,386	690,591
Policy loans	374,186	369,513
Notes receivable		27,383
Short-term investments
Cash and cash equivalents
Liabilities:
Policyholder deposits (Deposit-type contracts)	16,461,061	14,739,655
Surplus Notes and Accrued Interest Payable	$739,042	$704,192

Fair_Values_of_Financial_Instr4

Fair Values of Financial Instruments (Narrative) (Details) (USD $)	Dec. 31, 2014	Dec. 31, 2013
Fair Values of Financial Instruments [Abstract]
Accrued interest	$196,927	$164,000

Income_Tax_Matters_Schedule_of

Income Tax Matters (Schedule of Deferred Tax Assets and Liabilities) (Details) (USD $)	Dec. 31, 2014	Dec. 31, 2013
Deferred tax assets:
Loss carryforwards	$7,598,830	$6,594,919
Capitalized costs	802,000	821,248
Unrealized losses on investments	121,110	252,196
Benefit reserves	1,239,299	1,235,692
Total deferred tax assets	9,761,238	8,904,055
Less valuation allowance	-8,112,743	-7,132,984
Total deferred tax assets, net of valuation allowance	1,648,495	1,771,071
Deferred tax liabilities:
Policy acquisition costs	908,021	978,902
Due premiums	220,823	222,067
Value of business acquired	249,351	279,402
Intangible assets	238,000	238,000
Property and equipment	32,300	52,700
Total deferred tax liabilities	1,648,495	1,771,071
Net deferred tax assets

Income_Tax_Matters_Schedule_of1

Income Tax Matters (Schedule of Effective Tax Rate Reconciliation) (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Income Tax Matters [Abstract]
Computed expected income tax benefit	($1,171,295)	($669,045)
Increase (reduction) in income taxes resulting from:
Meals, entertainment and political contributions	24,141	29,497
Dividends received deduction	-20	-5,452
Noncontrolling interests	10,597	-17,632
Other	25,732	-37,689
Income Tax Reconciliation, Deductions	60,450	-31,276
Tax benefit before valuation allowance	-1,110,845	-700,321
Change in valuation allowance	1,110,845	700,321
Net income tax expense

Income_Tax_Matters_Narrative_D

Income Tax Matters (Narrative) (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Deferred Tax Assets, Valuation Allowance	8,112,743	$7,132,984
Minimum [Member]
Operating Loss Carryforwards, Expiration Dates	1-Jan-24
Maximum [Member]
Operating Loss Carryforwards, Expiration Dates	1-Jan-29

Reinsurance_Summary_of_Signifi

Reinsurance (Summary of Significant Reinsurance Amounts) (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Balance sheets:
Benefit and claim reserves assumed	$2,678,376	$2,814,704
Benefit and claim reserves ceded	29,012,678	30,660,618
Statements of comprehensive income:
Premiums assumed	35,466	30,002
Premiums ceded	340,464	362,851
Benefits assumed	82,897	42,099
Benefits ceded	983,168	760,017
Commissions assumed	44	38
Commissions ceded	$6,216	$4,432

Reinsurance_Schedule_of_Signif

Reinsurance (Schedule of Significant Reinsurance Balances) (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Recoverable on Paid Losses
Recoverable on Unpaid Losses	798,930
Recoverable on Benefit Reserves/Deposit-type Contracts	28,498,346
Ceded Due Premiums	284,598
Total Amount Recoverable from Reinsurer	29,012,678	30,660,618
Security National Life Insurance Company [Member]
AM Best Rating	NR
Recoverable on Paid Losses
Recoverable on Unpaid Losses	120,464
Recoverable on Benefit Reserves/Deposit-type Contracts	16,320,256
Ceded Due Premiums	64,952
Total Amount Recoverable from Reinsurer	16,375,768
Optimum Reinsurance Company [Member]
AM Best Rating	A-
Recoverable on Paid Losses
Recoverable on Unpaid Losses	19,008
Recoverable on Benefit Reserves/Deposit-type Contracts	474,430
Ceded Due Premiums
Total Amount Recoverable from Reinsurer	493,438
Sagicor Life Insurance Company [Member]
AM Best Rating	A-
Recoverable on Paid Losses
Recoverable on Unpaid Losses	659,458
Recoverable on Benefit Reserves/Deposit-type Contracts	11,703,660
Ceded Due Premiums	219,646
Total Amount Recoverable from Reinsurer	$12,143,472

Reinsurance_Narrative_Details

Reinsurance (Narrative) (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2000	Dec. 31, 1999	Dec. 31, 2013
Amounts recoverable from reinsurers	$29,012,678			$30,660,618
Security National Life Insurance Company [Member]
Percentage Of Co Insurance Agreement	100.00%
Premiums, Percentage Assumed to Net	100.00%
Amounts recoverable from reinsurers	16,375,768			17,294,342
Percentage Of Reinsurance Recoverables	99.00%
Reinsurance Recoverable, Guarantee Benefits	16,400,000
Sagicor Life Insurance Company [Member]
Percentage Of Co Insurance Agreement		25.00%	75.00%
Premiums, Percentage Assumed to Net			75.00%
Amounts recoverable from reinsurers	$12,143,472			$12,883,237

DepositType_Contracts_Schedule

Deposit-Type Contracts (Schedule of Contracts) (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Beginning balance	$14,739,655	$12,865,671
Deposits received	2,409,659	2,636,959
Investment earnings	403,556	253,189
Withdrawals, net	-398,984	-266,522
Ending balance	16,461,061	14,739,655
Security National Life Insurance Company [Member]
Change in deposit-type contracts assumed from Security National	-114,109	-66,572
Capital Reserve Life Insurance Company [Member]
Change in deposit-type contracts fully ceded by Capital Reserve	($578,716)	($683,070)

DepositType_Contracts_Narrativ

Deposit-Type Contracts (Narrative) (Details) (Security National Life Insurance Company [Member])	12 Months Ended
	Dec. 31, 2014
Security National Life Insurance Company [Member]
Premiums, Percentage Assumed to Net	100.00%

Commitments_and_Contingencies_1

Commitments and Contingencies (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Commitments and Contingencies [Abstract]
Operating Leases, Rent Expense	$227,182	$175,476
2015	142,772
2016	137,088
2017	133,603
2018	136,557
2019	141,412
Later years	629,811
Total	$1,321,242

Statutory_Net_Income_and_Surpl2

Statutory Net Income and Surplus (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
American Life and Security Corporation [Member]
Statutory capital and surplus	$2,422,917	$1,865,200
Statutory net income (loss)	1,580,355	20,497
Capital Reserve Life Insurance Company [Member]
Statutory capital and surplus	1,332,771	1,259,746
Statutory net income (loss)	123,940	115,884
Great Plains Financial Corporation [Member]
Statutory capital and surplus	2,025,982	2,158,481
Statutory net income (loss)	$112,891	$123,023

Surplus_Notes_Summary_of_Surpl

Surplus Notes (Summary of Surplus Notes) (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Face Amount	$550,000	$550,000
Surplus note, September 1, 2006 [Member] | David Elmore [Member]
Issue Date	1-Sep-06
Maturity Date	1-Sep-16
Face Amount	250,000
Interest Rate	7.00%
Surplus note, August 4, 2011 [Member] | David Elmore [Member]
Issue Date	4-Aug-11
Maturity Date	1-Aug-16
Face Amount	$300,000
Interest Rate	5.00%

Surplus_Notes_Narrative_Detail

Surplus Notes (Narrative) (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Interest Payable	$196,927	$164,000
Surplus Notes [Member]
Interest Payable	196,927
Debt Instrument, Periodic Payment, Principal	100,000
Debt Instrument, Periodic Payment, Interest	$7,000

Investment_in_Pacific_Northwes1

Investment in Pacific Northwest Capital Corporation (Narrative) (Details) (USD $)	12 Months Ended		3 Months Ended	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Mar. 31, 2014	Dec. 31, 2012
Equity in the net (loss) income of unconsolidated subsidiaries	($438,174)	($13,720)
Pacific Northwest [Member]
Equity Method Investment Number Of Shares Acquired			850,000
Equity Method Investment Period Increase Decrease			22.40%
Equity in the net (loss) income of unconsolidated subsidiaries		3,697
Pacific Northwest [Member] | Effect Of Changes In Equity Securities Available For Sale [Member]
Effect Of Changes In Accounting Method	15,077	3,697		11,380
Pacific Northwest [Member] | Effect Of Changes In Accumulated Deficit [Member]
Effect Of Changes In Accounting Method	$15,077	$3,697		$11,380

Related_Party_Transactions_Det

Related Party Transactions (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Related Party Transaction [Line Items]
Amount of transaction	$295,093	$238,947

Subsequent_Events_Narrative_De

Subsequent Events (Narrative) (Details)	Dec. 31, 2014
	item
Subsequent Events [Abstract]
Number of mortgage loans were under contract to be sold	2

Schedule_I_Summary_of_Investme1

Schedule I Summary of Investments - Other Than Investments in Related Parties (Details) (USD $)	Dec. 31, 2014	Dec. 31, 2013
Amortized Cost	$19,364,551	$15,007,459
Available-for-sale Securities	19,029,190	14,265,707
Amount Recognized in Consolidated Balance Sheets	18,954,190	14,190,707
Equity Method Investments Amortized Cost	978,744
Equity Securities At Amortized Cost	124,250
Mortgage loans on real estate, held for investment, Cost	349,386
Real estate, held for investment, Cost	541,809
Policy loans, Cost	374,186
Total investments, Cost	21,732,926
Equity method investments	978,744	1,800,859
Equity securities, at cost	124,250	1,258,861
Mortgage loans on real estate, held for investment, Amount Recognized in Consolidated Balance Sheets	349,386	665,569
Real estate, held for investment, Amount Recognized in Consolidated Balance Sheets	541,809	553,849
Policy loans, Amount Recognized in Consolidated Balance Sheets	374,186	369,513
Total investments, Amount Recognized in Consolidated Balance Sheets	21,397,565	20,122,055
Fixed Maturities [Member]
Amortized Cost	19,289,551	14,932,459
Available-for-sale Securities	18,954,190	14,190,707
Amount Recognized in Consolidated Balance Sheets	18,954,190
Fixed Maturities [Member] | Us Treasury and Government [Member]
Amortized Cost	3,670,531	2,483,199
Available-for-sale Securities	3,772,754	2,463,095
Amount Recognized in Consolidated Balance Sheets	3,772,754
Fixed Maturities [Member] | States and Political Subdivisions General Obligations [Member]
Amortized Cost	1,054,400	1,147,325
Available-for-sale Securities	1,029,008	1,040,295
Amount Recognized in Consolidated Balance Sheets	1,029,008
Fixed Maturities [Member] | States and Political Subdivisions Special Revenue [Member]
Amortized Cost	1,254,184	1,573,336
Available-for-sale Securities	1,221,850	1,454,392
Amount Recognized in Consolidated Balance Sheets	1,221,850
Fixed Maturities [Member] | Corporate Debt Securities [Member]
Amortized Cost	13,310,436	9,728,599
Available-for-sale Securities	12,930,578	9,232,925
Amount Recognized in Consolidated Balance Sheets	12,930,578
Equity Securities [Member]
Amortized Cost	75,000	75,000
Available-for-sale Securities	75,000	75,000
Amount Recognized in Consolidated Balance Sheets	75,000
Equity Securities [Member] | Preferred Stock [Member]
Amortized Cost	75,000	75,000
Available-for-sale Securities	75,000	75,000
Amount Recognized in Consolidated Balance Sheets	$75,000

Schedule_II_Condensed_Financia3

Schedule II Condensed Financial Information of Registrant Balance Sheets (Details) (USD $)	Dec. 31, 2014		Dec. 31, 2013		Dec. 31, 2012
Assets
Equity method investments	$978,744		$1,800,859
Equity securities, at cost	124,250		1,258,861
Notes receivable			27,383
Total investments	21,397,565		20,122,055
Cash and cash equivalents	2,310,047		3,377,978		4,346,555
Property and equipment, net	329,835		372,368
Other assets	1,324,456		1,473,745
Total assets	60,427,118		62,223,595
Liabilities and Stockholders' Equity
Accounts payable and accrued expenses	940,955		1,451,464
Total liabilities	52,390,383		51,224,517
Stockholders' Equity:
Common stock	13,168		9,121
Additional paid-in capital	29,583,631		25,131,714
Stock subscription receivable			-1,917
Accumulated deficit	-21,167,496		-17,722,510
Accumulated other comprehensive loss	-392,745		-740,091
Total Midwest Holding Inc.'s stockholders' equity	8,036,735		10,999,078		14,229,868
Total liabilities and stockholders' equity	60,427,118		62,223,595
Series A Preferred Stock [Member]
Stockholders' Equity:
Preferred stock	74		74
Series B Preferred Stock [Member]
Stockholders' Equity:
Preferred stock	103
Parent Company [Member]
Assets
Investment in subsidiaries	5,988,239	[1]	5,483,331	[1]
Equity method investments	978,744		1,800,859
Equity securities, at cost	124,250		193,673
Notes receivable			27,383
Total investments	7,091,233		7,505,246
Cash and cash equivalents	1,132,057		50,112		152,909
Property and equipment, net	85,654		68,584
Other assets	243,066		165,059
Total assets	8,552,009		7,789,001
Liabilities and Stockholders' Equity
Accounts payable and accrued expenses	515,275		1,112,610
Total liabilities	515,275		1,112,610
Stockholders' Equity:
Common stock	13,168		9,121
Additional paid-in capital	29,583,631		25,131,714
Stock subscription receivable			-1,917
Accumulated deficit	-21,167,496		-17,722,510
Accumulated other comprehensive loss	-392,745		-740,091
Total Midwest Holding Inc.'s stockholders' equity	8,036,735		6,676,391
Total liabilities and stockholders' equity	8,552,009		7,789,001
Parent Company [Member] | Series A Preferred Stock [Member]
Stockholders' Equity:
Preferred stock	74		74
Parent Company [Member] | Series B Preferred Stock [Member]
Stockholders' Equity:
Preferred stock	$103
[1]	Eliminated in consolidation.

Schedule_II_Condensed_Financia4

Schedule II Condensed Financial Information of Registrant Statements of Comprehensive Income (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Income:
Investment income, net of expenses	($9,883)	$518,049
Net realized gain on investments	346,304	5,736
Miscellaneous income	295,246	246,328
Revenues, Total	4,639,477	5,101,442
Expenses:
Loss before income tax expense	-3,905,906	-2,221,617
Income tax expense
Loss before equity in loss of consolidated subsidiaries	-3,905,906	-2,221,617
Equity in loss of consolidated subsidiaries	460,920	267,481
Net loss attributable to Midwest Holding Inc.	-3,444,986	-1,954,136
Comprehensive income (loss):
Unrealized gains (losses) on investments arising during period	388,277	-701,973
Less: reclassification adjustment for net realized gains on investments	-4,391	-5,736
Other comprehensive income (loss)	383,886	-707,709
Total comprehensive income (loss) income attributable to Midwest Holding Inc.	347,346	-675,739
Parent Company [Member]
Income:
Investment income, net of expenses	-443,847	2,382
Net realized gain on investments	341,914
Miscellaneous income	630,690	583,202
Revenues, Total	528,757	585,584
Expenses:
General	1,940,913	2,054,302
Loss before income tax expense	3,541,665	-1,468,718
Income tax expense
Loss before equity in loss of consolidated subsidiaries	3,541,665	-1,468,718
Equity in loss of consolidated subsidiaries	-2,032,830	-485,418
Net loss attributable to Midwest Holding Inc.	-3,444,986	-1,954,136
Comprehensive income (loss):
Unrealized gains (losses) on investments arising during period	347,346	-675,739
Less: reclassification adjustment for net realized gains on investments
Other comprehensive income (loss)	347,346	-675,739
Total comprehensive income (loss) income attributable to Midwest Holding Inc.	($3,097,640)	($2,629,875)

Schedule_II_Condensed_Financia5

Schedule II Condensed Financial Information of Registrant Statements of Cash Flows (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Cash Flows from Operating Activities:
Net loss attributable to Midwest Holding Inc.	($3,444,986)	($1,954,136)
Adjustments to reconcile net loss to net cash and cash equivalents used in operating activities:
Depreciation	275,082	322,809
Net realized gain on investments	-346,304	-5,736
Loss from equity method investments	438,174	13,720
Non-cash compensation expense	1,917	11,500
Changes in operating assets and liabilities:
Other assets and liabilities	-361,220	855,762
Net cash (used in) provided by operating activities	-2,334,237	512,765
Cash Flows from Investing Activities:
Proceeds from sale or maturity	8,360,990	6,877,586
Purchases	-61,383	-15,000
Proceeds from equity securities carried at cost	1,955,500	9,000
Net change in notes receivable	27,383
Purchases of property and equipment	-132,124	-94,491
Net cash provided by investing activities	-1,302,129	-3,438,815
Cash Flows from Financing Activities:
Repurchases of common stock	-58,252	-215,783
Proceeds from issuance of preferred stock	616,012
Net transfers from noncontrolling interest		-97,181
Net cash provided by (used in) financing activities	2,568,435	1,957,473
Net increase (decrease) in cash and cash equivalents	-1,067,931	-968,577
Cash and cash equivalents:
Beginning	3,377,978	4,346,555
Ending	2,310,047	3,377,978
Supplemental Disclosure of Non-Cash Information
Exchange of common stock for non-controlling interest	3,861,768
Parent Company [Member]
Cash Flows from Operating Activities:
Net loss attributable to Midwest Holding Inc.	-3,444,986	-1,954,136
Adjustments to reconcile net loss to net cash and cash equivalents used in operating activities:
Equity in net loss of consolidated subsidiaries	-1,199,861	1,002,153
Depreciation	43,825	39,687
Net realized gain on investments	-341,914
Loss from equity method investments	438,175	13,720
Non-cash compensation expense	1,917	11,500
Changes in operating assets and liabilities:
Other assets and liabilities	-675,343	993,397
Net cash (used in) provided by operating activities	-5,178,187	106,321
Cash Flows from Investing Activities:
Proceeds from sale or maturity		9,000
Purchases	-61,383
Proceeds from equity securities carried at cost	1,955,500
Net change in notes receivable	27,383
Merger of Great Plains Investment in New Mexico Capital Corporation	-20,000
Purchases of property and equipment	-60,895	-2,335
Net cash provided by investing activities	1,840,605	6,665
Cash Flows from Financing Activities:
Repurchases of common stock	-58,252	-215,783
Proceeds from issuance of preferred stock	616,012
Net transfers from noncontrolling interest	3,861,767
Net cash provided by (used in) financing activities	4,419,527	-215,783
Net increase (decrease) in cash and cash equivalents	1,081,945	-102,797
Cash and cash equivalents:
Beginning	50,112	152,909
Ending	1,132,057	50,112
Supplemental Disclosure of Non-Cash Information
Exchange of common stock for non-controlling interest	$3,861,767

Schedule_III_Supplementary_Ins1

Schedule III Supplementary Insurance Information (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Benefit reserves	$33,310,360	$33,866,409
Life Insurance Segment [Member]
Deferred Policy Acquisition Costs	2,646,970	2,722,819
Benefit reserves	50,816,924	49,135,203
Advance Premiums	82,504	87,850
Premium Revenue	4,007,810	4,331,329
Net Investment Income (Loss)	-9,883	518,049
Death and Other Benefits and Increase in Benefit Reserves	2,399,644	1,959,402
Amortization of Deferred Policy Acquisition Costs	625,680	861,840
Other Operating Expenses	$5,514,060	$4,501,817

Schedule_IV_Reinsurance_Inform1

Schedule IV Reinsurance Information (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Premiums ceded	$340,464	$362,851
Premiums assumed	35,466	30,002
Premiums	4,007,810	4,331,329
Life Insurance Force [Member]
Direct Premiums Earned	245,498,000	274,944,000
Premiums ceded	141,321,000	153,161,000
Premiums assumed	13,913,000	2,605,000
Premiums	118,090,000	124,388,000
Premiums, Percentage Assumed to Net	11.78%	2.09%
Life Insurance Segment [Member]
Direct Premiums Earned	4,312,808	4,664,178
Premiums ceded	340,464	362,851
Premiums assumed	35,466	30,002
Premiums	$4,007,810	$4,331,329
Premiums, Percentage Assumed to Net	0.88%	0.69%

Valuation_and_Qualifying_Accou1

Valuation and Qualifying Accounts (Details) (Reduced Depreciation [Member], USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Reduced Depreciation [Member]
Valuation and Qualifying Accounts Disclosure [Line Items]
Beginning of the year	$545,646	$377,664
Charged (credited) to costs and expenses	174,658	167,982
Disposals	7,137
End of the year	$713,166	$545,646