Investors Heritage Capital (IHRC) 10-K 21 Mar 14 2013 FY Annual report Financial data

Document_And_Entity_Informatio

Document And Entity Information (USD $)	12 Months Ended
	Dec. 31, 2013	Mar. 10, 2014	Jun. 30, 2013
Document and Entity Information [Abstract]	'	'	'
Entity Registrant Name	'Investors Heritage Capital Corp	'	'
Document Type	'10-K	'	'
Current Fiscal Year End Date	'--12-31	'	'
Entity Common Stock, Shares Outstanding	'	1,128,583	'
Entity Public Float	'	'	$25,974,318
Amendment Flag	'false	'	'
Entity Central Index Key	'0000055362	'	'
Entity Current Reporting Status	'Yes	'	'
Entity Voluntary Filers	'No	'	'
Entity Filer Category	'Smaller Reporting Company	'	'
Entity Well-known Seasoned Issuer	'No	'	'
Document Period End Date	31-Dec-13	'	'
Document Fiscal Year Focus	'2013	'	'
Document Fiscal Period Focus	'FY	'	'

Consolidated_Balance_Sheets

Consolidated Balance Sheets (USD $)	Dec. 31, 2013	Dec. 31, 2012
Securities available-for-sale, at fair value:	'	'
Fixed maturities (amortized cost: 2013 - $402,396,191; 2012- $394,370,377)	$417,909,105	$438,323,413
Equity securities (cost: 2013 - $5,888,361; 2012 - $1,117,051)	5,818,333	1,386,637
Mortgage loans on real estate	18,601,722	16,620,290
Policy loans	6,674,887	6,781,751
State-guaranteed receivables	8,085,107	8,111,669
Investment in derivative	'	642,600
Other invested assets	3,181,182	3,420,189
Total investments	460,270,336	475,286,549
Cash and cash equivalents	4,143,291	6,009,905
Accrued investment income	5,191,253	5,163,783
Due premiums	3,368,008	3,422,629
Deferred acquisition costs	18,822,481	16,654,246
Value of business acquired	386,056	513,667
Leased property under capital leases	1,005,523	577,839
Property and equipment	1,042,748	1,900,068
Cash value of company-owned life insurance	11,808,248	10,844,489
Other assets	1,901,946	1,835,666
Amounts recoverable from reinsurers	55,669,088	53,797,125
Total assets	563,608,978	576,005,966
Policy liabilities:	'	'
Benefit reserves	480,151,818	464,449,101
Unearned premium reserves	8,189,640	9,111,514
Policy claims	3,672,474	1,894,727
Liability for deposit-type contracts	3,283,960	3,147,458
Reserves for dividends and endowments and other	408,555	446,016
Total policy liabilities	495,706,447	479,048,816
Deferred federal income tax liability	4,604,891	13,189,478
Obligations under capital leases	943,488	568,214
Notes payable	3,031,942	3,478,613
Accrued pension liability	2,887,843	7,211,519
Other liabilities	2,787,099	4,276,542
Total liabilities	509,961,710	507,773,182
STOCKHOLDERS' EQUITY	'	'
Common stock (shares issued: 2013-1,128,583; 2012-1,141,886)	1,128,583	1,141,886
Paid-in surplus	8,908,243	8,908,243
Accumulated other comprehensive income	6,751,991	22,539,724
Retained earnings	36,858,451	35,642,931
Total stockholders' equity	53,647,268	68,232,784
Total liabilities and stockholders' equity	$563,608,978	$576,005,966

Consolidated_Balance_Sheets_Pa

Consolidated Balance Sheets (Parentheticals) (USD $)	Dec. 31, 2013	Dec. 31, 2012
Cost	$408,284,552	$395,487,428
Common stock, shares issued (in Shares)	1,128,583	1,141,886
Debt Securities [Member]	'	'
Cost	402,396,191	394,370,377
Equity Securities [Member]	'	'
Cost	$5,888,361	$1,117,051

Consolidated_Statements_of_Inc

Consolidated Statements of Income (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
REVENUE	'	'
Premiums and other considerations	$69,653,412	$67,491,855
Premiums ceded	-14,105,855	-19,997,026
Net premiums	55,547,557	47,494,829
Investment income, net of expenses	20,661,142	20,726,267
Other net realized investment gains	2,485,505	484,813
Total net realized gains on investments	2,485,505	484,813
Consideration on reinsurance assumed	'	16,225
Other income	1,426,170	1,707,589
Total revenue	80,120,374	70,429,723
BENEFITS AND EXPENSES	'	'
Death and other benefits	42,913,542	41,866,578
Guaranteed annual endowments	426,582	446,190
Dividends to policyholders	399,017	418,273
Increase in benefit reserves and unearned premiums	17,919,752	9,777,951
Acquisition costs deferred	-8,738,111	-8,849,807
Amortization of deferred acquisition costs	7,464,380	8,489,322
Commissions	7,008,578	4,970,710
Other general and administrative expenses	10,600,064	11,215,041
Total benefits and expenses	77,993,804	68,334,258
INCOME BEFORE FEDERAL INCOME TAXES	2,126,570	2,095,465
PROVISION (BENEFIT) FOR FEDERAL INCOME TAXES	'	'
Current	430,429	757,918
Deferred	-99,545	-761,215
Total federal income taxes	330,884	-3,297
NET INCOME	$1,795,686	$2,098,762
BASIC AND DILUTED NET EARNINGS PER SHARE (in Dollars per share)	$1.58	$1.82

Consolidated_Statements_of_Com

Consolidated Statements of Comprehensive Income (Loss) (USD $)	12 Months Ended
	Dec. 31, 2013		Dec. 31, 2012
NET INCOME	$1,795,686		$2,098,762
OTHER COMPREHENSIVE INCOME (LOSS):	'		'
Unrealized holding gains (losses) arising during period	-26,280,225		12,580,096
Reclassification adjustment for gains included in income	-2,499,511	[1]	-484,813	[1]
Adjustment for effects of deferred acquisition costs	894,503		-325,260
Net unrealized gains (losses) on investments	-27,885,233		11,770,023
Actuarial net gain (loss) on pension plan	2,839,812		-885,028
Amortization of actuarial net loss in net periodic pension cost	772,646	[2]	913,378	[2]
Curtailment of defined benefit pension plan	'		1,760,623
Net change in defined benefit pension plan	3,612,458		1,788,973
Other comprehensive income (loss) before income taxes	-24,272,775		13,558,996
Income tax expense (benefit)	-8,485,042		4,624,756
OTHER COMPREHENSIVE INCOME (LOSS), NET OF TAXES	-15,787,733		8,934,240
COMPREHENSIVE INCOME (LOSS)	($13,992,047)		$11,033,002
[1]	These items appear within net realized gains on investments in the consolidated income statements.
[2]	These items are included in the computation of net periodic benefit cost (see Note 6).

Consolidated_Statements_of_Sto

Consolidated Statements of Stockholders' Equity (USD $)	Common Stock [Member]	Additional Paid-in Capital [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Retained Earnings [Member]	Total
Balance at Dec. 31, 2011	$1,152,737	$8,832,222	$13,605,484	$34,073,278	$57,663,721
Net income	'	'	'	2,098,762	2,098,762
Other comprehensive income, net	'	'	8,934,240	'	8,934,240
Cash dividends	'	'	'	-265,129	-265,129
Repurchases of common stock, net	-10,851	76,021	'	-263,980	-198,810
Balance at Dec. 31, 2012	1,141,886	8,908,243	22,539,724	35,642,931	68,232,784
Net income	'	'	'	1,795,686	1,795,686
Other comprehensive income, net	'	'	-15,787,733	'	-15,787,733
Cash dividends	'	'	'	-285,471	-285,471
Repurchases of common stock, net	-13,303	'	'	-294,695	-307,998
Balance at Dec. 31, 2013	$1,128,583	$8,908,243	$6,751,991	$36,858,451	$53,647,268

Consolidated_Statements_of_Cas

Consolidated Statements of Cash Flows (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
OPERATING ACTIVITIES	'	'
Net income	$1,795,686	$2,098,762
Adjustments to reconcile net income to net cash provided by operating activities:	'	'
Net realized gains on investments	-2,485,505	-484,813
Benefit for deferred federal income taxes	-99,545	-761,215
Amortization of deferred acquisition costs	7,464,380	8,489,322
Acquisition costs deferred	-8,738,111	-8,849,807
Net adjustment for premium and discount on investments	-39,768	269,479
Depreciation and other amortization	752,103	687,059
Change in value of derivative investment	-2,400	110,100
Changes in operating assets and liabilities:	'	'
Accrued investment income	-27,470	-185,107
Due premiums	54,621	275,240
Cash value of company-owned life insurance	-963,759	-944,932
Amounts recoverable from reinsurers	-1,871,963	-6,214,758
Benefit reserves	18,848,611	15,919,314
Policy claims	1,777,747	-204,232
Liability for deposit-type contracts	136,502	139,553
Reserves for dividends and endowments and other	-37,461	-80,464
Other assets and other liabilities	-1,891,668	-3,198,716
NET CASH PROVIDED BY OPERATING ACTIVITIES	14,672,000	7,064,785
INVESTING ACTIVITIES	'	'
Purchases of available-for-sale securities	-105,730,100	-39,049,112
Sales of available-for-sale securities	36,136,804	5,948,093
Maturities of available-for-sale securities	58,762,403	28,238,140
Acquisitions of mortgage loans on real estate	-3,637,086	-2,165,000
Payments of mortgage loans on real estate	1,659,724	4,870,367
Purchases of state-guaranteed receivables	'	-1,750,727
Payments of state-guaranteed receivables	595,540	595,040
Sale of investment in derivative	645,000	'
Acquisitions of short-term investments	'	-34,188
Sales and maturities of short-term investments	'	34,188
Net reductions (additions) in other investments	331,865	-1,414,282
Net additions to property and equipment	-194,856	-746,624
NET CASH USED IN INVESTING ACTIVITIES	-11,430,706	-5,474,105
FINANCING ACTIVITIES	'	'
Receipts from universal life policies credited to policyholder account balances	5,142,181	5,335,141
Return of policyholder account balances on universal life policies	-9,209,949	-8,683,869
Payments on notes payable	-3,864,471	-4,112,642
Proceeds from notes payable	3,417,800	5,809,918
Repurchases of common stock, net	-307,998	-198,810
Dividends paid	-285,471	-265,129
NET CASH USED IN FINANCING ACTIVITIES	-5,107,908	-2,115,391
DECREASE IN CASH AND CASH EQUIVALENTS	-1,866,614	-524,711
Cash and cash equivalents at beginning of year	6,009,905	6,534,616
CASH AND CASH EQUIVALENTS AT END OF YEAR	4,143,291	6,009,905
SUPPLEMENTAL INFORMATION	'	'
Cash paid during year for federal income taxes	$722,770	$865,182

Note_1_Nature_of_Operations_an

Note 1 - Nature of Operations and Accounting Policies	12 Months Ended
	Dec. 31, 2013
Accounting Policies [Abstract]	'
Organization, Consolidation and Presentation of Financial Statements Disclosure and Significant Accounting Policies [Text Block]	'
	NOTE 1 - Nature of Operations and Accounting Policies
	Investors Heritage Capital Corporation is the holding company of Investors Heritage Life Insurance Company; Investors Heritage Printing, Inc., a printing company; Investors Heritage Financial Services Group, Inc., an insurance marketing company; is the sole member of At Need Funding, LLC, a limited liability company that provides advance funding of funerals in exchange for the irrevocable assignment of life insurance policies from other nonaffiliated companies; and is the sole member of Heritage Funding, LLC, a limited liability company that invests in various business ventures. These entities are collectively hereinafter referred to as the "Company". In excess of 99% of Investors Heritage Capital’s consolidated revenue is generated by Investors Heritage Life.
	The Company's operations involve the sale and administration of various insurance and annuity products, including, but not limited to, participating and non-participating whole life, limited pay life, universal life, annuity contracts, credit life, credit accident and health and group insurance policies. The principal markets for the Company's products are in Kentucky, North Carolina, Georgia, Indiana, Michigan, Ohio, Pennsylvania, South Carolina, Tennessee, Texas and Virginia.
	Basis of Presentation: The accompanying Consolidated Financial Statements of the Company have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”).
	Principles of Consolidation: The Consolidated Financial Statements include the accounts of the wholly-owned subsidiaries of Investors Heritage Capital, which are Investors Heritage Life and its subsidiary, Investors Underwriters, Inc., Investors Heritage Printing, Investors Heritage Financial, At Need Funding and Heritage Funding. Intercompany transactions are eliminated in the Company's Consolidated Financial Statements.
	Use of Estimates: The preparation of financial statements requires management to make estimates and assumptions that affect the amounts reported in the Consolidated Financial Statements and accompanying Notes. Actual results could differ from those estimates.
	Reclassifications: Certain reclassifications have been made in the prior year Consolidated Financial Statements to conform to current year presentation. These reclassifications had no impact on previously reported net income or stockholders’ equity.
	Investments: The Company classifies all fixed maturities and equity securities as available-for-sale. Securities classified as available-for-sale are carried at fair value with unrealized appreciation (depreciation) relating to temporary market value changes recorded as an adjustment to other comprehensive income (loss), net of adjustments to deferred acquisition costs and federal income taxes.
	Premiums and discounts on fixed maturity investments are amortized into income using the interest method. Anticipated prepayments on mortgage-backed securities are considered in the determination of the effective yield on such securities. If a difference arises between anticipated prepayments and actual prepayments, the carrying amounts of the investments are adjusted with a corresponding charge or credit to interest income.
	Realized gains and losses on the sales of investments are determined based upon the specific identification method and include provisions for other-than-temporary impairments where appropriate, as discussed in further detail in Note 2 to the Consolidated Financial Statements.
	If an other-than-temporary impairment occurs with respect to a bond, the reduced book value is amortized back to the security’s expected recovery value over the remaining term of the bond. The Company continues to review the security for further impairment that would prompt another write-down in the value.
	Mortgage loans are carried at amortized cost.
	Policy loans are carried at their aggregate principal balance.
	State-guaranteed receivables represent an assignment of the future rights to cash flows from lottery winners purchased at a discounted price. Payments on these investments are made by state run lotteries and guaranteed by the states. The state-guaranteed receivables are carried at their amortized cost basis.
	Investment in derivative represents the derivative portion of the Company’s investment in a market-indexed note. The derivative portion of this investment is bifurcated and carried at fair value, with changes in the fair value of the derivative included within investment income in the consolidated statements of income. This investment was sold during 2013, as further discussed in Note 2 to the Consolidated Financial Statements.
	Other invested assets include real estate investments and notes receivable. Real estate investments are carried at cost less accumulated depreciation. Notes receivable are carried at their aggregate principal balance.
	Short-term investments represent securities with maturity dates within one year but exceeding three months. These securities are carried at amortized cost, which approximates fair value.
	Cash equivalents include money market funds on deposit at various financial institutions with contractual maturity dates within three months at the time of purchase.
	Deferred Acquisition Costs: Commissions and other acquisition costs, which vary with and are primarily related to the production of new business, are deferred and amortized over the life of the related policies (refer to Revenues and Expenses discussed later regarding amortization methods). Recoverability of deferred acquisition costs is evaluated periodically by comparing the current estimate of the present value of expected pretax future profits to the unamortized asset balance. If this current estimate is less than the existing balance, the difference is charged to expense.
	Deferred acquisition costs related to annuities and universal life insurance products are deferred to the extent deemed recoverable and amortized in relation to the present value of actual and expected gross profits on the policies. To the extent that realized gains and losses on fixed income securities result in adjustments to deferred acquisition costs related to annuities, such adjustments are reflected as a component of the amortization of deferred acquisition costs.
	Deferred acquisition costs related to annuities and universal life insurance products are also adjusted, net of tax, for the change in amortization that would have been recorded if the unrealized gains (losses) from securities had actually been realized. This adjustment is included in the change in net unrealized appreciation (depreciation) on available-for-sale securities, a component of "Accumulated Other Comprehensive Income (Loss)" in the stockholders' equity section of the balance sheet.
	Value of Business Acquired: Value of business acquired represents the estimated value assigned to the insurance in force of the assumed policy obligations at the date of acquisition of a block of policies. Amortization of value of business acquired recognized in 2013 and 2012 totaled $127,611 and $161,095, respectively. Accumulated amortization was $535,300 and $407,689 at December 31, 2013 and 2012, respectively. Estimated annual amortization will be approximately $85,000, $76,000, $70,000, $63,000, and $44,000 in 2014 through 2018, respectively.
	Property and Equipment: Property and equipment is carried at cost less accumulated depreciation, using principally the straight-line method. Accumulated depreciation on property and equipment was $3,728,657 and $4,141,343 at December 31, 2013 and 2012, respectively.
	Capital Leases: During 2013, the Company entered into four new capital leases totaling $752,861 at inception. One of these leases included a sale-leaseback transaction with a non-affiliated third party whereby the Company sold certain leasehold improvement assets with a depreciated book value totaling $670,048. The Company then leased these assets back from the third party over three years under a dollar buyout lease. The total monthly payment on this lease is $21,863.
	Total lease payments for 2013 and 2012 relating to previously existing capital leases were $352,775 and $256,579, respectively. Future minimum lease payments for 2014 through 2018 are $479,109; $327,599; $252,845; $2,728; and $0, respectively. The present value of net minimum lease payments at December 31, 2013 was $943,488, which is equal to the total future minimum lease payments of $1,062,281 less imputed interest of $118,793. Accumulated amortization on the leased property was $586,237 and $280,367 at December 31, 2013 and 2012, respectively.
	Cash Value of Company-Owned Life Insurance: The Company holds life insurance policies on key members of the organization. These policies are reported at the current cash surrender values of the policies.
	Benefit Reserves and Policyholder Deposits: Reserves on traditional life and accident and health insurance products are calculated using the net level premium method based upon estimated future investment yields, mortality, withdrawals and other assumptions, including dividends on participating policies. The assumptions used for prior year issues are locked in. Current year issues are reserved using updated assumptions determined by reviewing the Company's past experience and include a provision for possible unfavorable deviation.
	Benefit reserves and policyholder deposits on universal life and investment-type products are determined by using the retrospective deposit method and represent the policy account value before consideration of surrender charges. In addition, unearned revenues are included as a part of the benefit reserve.
	The mortality assumptions for regular ordinary business are based on the 1955-60 Basic Table, Select and Ultimate, for plans issued prior to 1982; the 1965-70 Basic Table, Select and Ultimate, for plans issued in 1982 through 1984; the 1975-80 Basic Table, Select and Ultimate, for plans issued after 1984; the 2001 Valuation Basic Table, Select and Ultimate, for plans issued after 2008; and on the Company's experience for final expense and preneed plans.
	Reinsurance: The Company assumes and cedes reinsurance under various agreements providing greater diversification of business, allowing management to control exposure to potential losses arising from large risks, and providing additional capacity for growth. Amounts recoverable from reinsurers are estimated in a manner consistent with the related liabilities associated with the reinsured policies. At December 31, 2013 and 2012, amounts recoverable from reinsurers were $55,669,088 and $53,797,125, respectively. These amounts included reserves ceded to reinsurers of $54,256,096 and $52,944,370 at December 31, 2013 and 2012, respectively.
	Unearned Premium Reserves: Credit life unearned premium reserves are calculated for level and reducing coverage certificates using the monthly pro rata and Rule of 78's methods, respectively. Credit accident and health unearned premium reserves are determined based upon the Rule of 78's.
	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.
	At December 31, 2013, the Company’s policy claims liability includes an estimate of $1,679,764 for outstanding claims relative to a comparison of our life insurance policies against the Social Security Death Master File. This comparison was performed in compliance with a recently enacted Kentucky state law which follows a model law adopted by the National Conference of Insurance Legislators. This amount primarily affects the traditional and universal life segment, along with a much smaller impact on the final expense portion of the preneed and burial segment. The Company is in the process of researching the potential matches to determine that a valid claim exists, to locate beneficiaries and to pay benefits accordingly.
	Liability for Deposit-Type Contracts: Liability for deposit-type contracts consists of supplemental contracts without life contingencies, premium deposit funds and dividends and endowments left on deposit at interest.
	Participating Policies: Participating business approximates 17% of ordinary life insurance in force at December 31, 2013 and 2012, respectively. Premiums relative to participating business comprised approximately 3% and 4% of net premiums for the years ended December 31, 2013 and 2012, respectively. Participating dividends are accrued as declared by the Board of Directors of Investors Heritage Life. For participating policies that are not a part of the Texas Memorial Life or Memorial Service Life policy acquisitions, the liability for future policy benefits for participating policies was determined based on the Net Level Premium Reserve Method, 3% interest, and the 1941 CSO Mortality and 1958 CSO Mortality tables. All guaranteed benefits were considered in calculating these reserves. Deferred acquisition costs are amortized in proportion to expected gross profits.
	The liability for future policy benefits of the Texas Memorial Life and Memorial Service Life blocks of participating business was determined based on the 2001 CSO and 1980 CSO Mortality tables, respectively. While these policies are participating, no future dividends are anticipated on this block of policies.
	The average assumed investment yields used in determining expected gross profits ranged from 3.56% to 9.17% (for the current and all future years, an assumed investment yield of 5% was utilized).
	Federal Income Taxes: The Company utilizes the liability method to account for income taxes. Under such method, deferred tax assets and liabilities are determined based on differences between the financial reporting and the tax bases of assets and liabilities and are measured using the enacted tax rates.
	Revenues and Expenses: Revenues on traditional life and accident and health insurance products consist of direct and assumed premiums reported as earned when due. Liabilities for future policy benefits, including unearned premium reserves on accident and health policies and unreleased profits on limited-pay life policies, 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 premium paying period using the net level premium method. Traditional life insurance products are treated as long duration contracts since they are ordinary whole life insurance products, which generally remain in force for the lifetime of the insured. The accident and health insurance products are treated as long duration contracts because they are non-cancelable.
	Revenues for universal life and investment-type products consist of investment income and policy charges for the cost of insurance and policy initiation and administrative fees. Expenses include interest credited to policy account balances, actual administrative expenses and benefit payments in excess of policy account balances.
	Other income consists principally of third party administrative service fees along with servicing and administration fees relative to credit insurance administered for our reinsurers.
	Common Stock and Earnings per Share: The par value per share is $1.00 with 4,000,000 shares authorized. Earnings per share of common stock were computed based on the weighted average number of common shares outstanding during each year. The weighted average number of shares outstanding during 2013 and 2012 were 1,137,156 and 1,152,438 shares, respectively. The Company paid cash dividends per share of $0.25 and $0.23 in 2013 and 2012, respectively.
	Subsequent Events: Management has evaluated all events subsequent to December 31, 2013 through the date that these Consolidated Financial Statements were available to be issued.
	New Accounting Standards: In February 2013, the Financial Accounting Standards Board (“FASB”) issued guidance regarding the reporting of reclassifications out of accumulated other comprehensive income. The guidance requires entities to provide information about the amounts reclassified out of accumulated other comprehensive income by component. Significant amounts reclassified out of accumulated other comprehensive income that are required under U.S. generally accepted accounting principles to be reclassified to net income in their entirety in the same reporting period must be presented either on the face of the statement, where net income is presented, or in the footnotes. For amounts that are not required under U.S. generally accepted accounting principles to be reclassified in their entirety to net income, entities are required to cross-reference to other disclosures that are required by U.S. generally accepted accounting principles that provide additional detail about those amounts. This guidance is effective prospectively for reporting periods beginning after December 15, 2012. The Company adopted this new guidance as of January 1, 2013 with no 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 to the Company at this time.

Note_2_Investments

Note 2 - Investments	12 Months Ended
	Dec. 31, 2013
Investments Disclosure [Abstract]	'
Investments Disclosure [Text Block]	'
	NOTE 2 - Investments
	The Company limits credit risk by investing primarily in investment grade securities and by diversifying its investment portfolio among government and corporate bonds and mortgage loans. The Company manages its fixed income portfolio to diversify between and within industry sectors. Investments in available-for-sale securities at December 31 are summarized as follows:
	2013	Amortized Cost			Gross Unrealized Gains			Gross Unrealized Losses		Fair Value
	Available-for-sale securities:
	U.S. government obligations	$	34,485,660		$	793,701		$	703,570	$	34,575,791
	States and political subdivisions		39,910,030			3,145,632			60,898		42,994,764
	Corporate		217,659,449			12,535,411			2,251,886		227,942,974
	Foreign		56,960,366			2,081,436			1,395,450		57,646,352
	Asset-backed securities		2,677,953			109,417			-		2,787,370
	Mortgage-backed securities (MBS):
	Commercial MBS		4,252,765			160,955			-		4,413,720
	Residential MBS		46,449,968			1,443,228			345,062		47,548,134
	Total fixed maturity securities	$	402,396,191		$	20,269,780		$	4,756,866	$	417,909,105
	Equity securities:
	U.S. agencies		687,000			-			-		687,000
	Mutual funds		318,283			1,356			-		319,639
	Corporate common stock		4,883,078			422,880			494,264		4,811,694
	Total equity securities		5,888,361			424,236			494,264		5,818,333
	Total	$	408,284,552		$	20,694,016		$	5,251,130	$	423,727,438
	2012	Amortized Cost			Gross Unrealized Gains			Gross Unrealized Losses		Fair Value
	Available-for-sale securities:
	U.S. government obligations	$	47,634,952		$	4,263,920		$	-	$	51,898,872
	States and political subdivisions		46,323,487			7,522,997			-		53,846,484
	Corporate		207,553,209			23,818,640			93,765		231,278,084
	Foreign		50,000,420			4,748,130			11,680		54,736,870
	Asset-backed securities		4,460,090			289,373			529		4,748,934
	Mortgage-backed securities (MBS):
	Commercial MBS		6,429,641			407,386			-		6,837,027
	Residential MBS		31,968,578			3,008,564			-		34,977,142
	Total fixed maturity securities	$	394,370,377		$	44,059,010		$	105,974	$	438,323,413
	Equity securities:
	U.S. agencies		681,300			-			-		681,300
	Mutual funds		318,283			3,054			-		321,337
	Corporate common stock		117,468			266,532			-		384,000
	Total equity securities		1,117,051			269,586			-		1,386,637
	Total	$	395,487,428		$	44,328,596		$	105,974	$	439,710,050
	The following table summarizes, for all securities in an unrealized loss position at December 31, 2013 and 2012, 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-13								31-Dec-12
					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	$	17,401,555		$	703,570			3	$	-	$	-		-
	States and political subdivisions		1,239,103			60,898			2		-		-		-
	Corporate		56,249,758			2,076,123			37		4,648,363		88,805		5
	Foreign		26,858,417			1,395,450			15		988,320		11,680		1
	Residential MBS		18,187,588			345,062			4		-		-		-
	Greater than 12 months:
	Corporate		1,072,341			175,763			1		243,040		4,960		1
	Asset-backed securities		-			-			-		59,097		529		1
	Total fixed maturities		121,008,762			4,756,866			62		5,938,820		105,974		8
	Equities:
	Less than 12 months:
	Corporate common stock		2,806,072			494,264			24		-		-		-
	Total equities		2,806,072			494,264			24		-		-		-
	Total	$	123,814,834		$	5,251,130			86	$	5,938,820	$	105,974		8
	As of December 31, 2013, all of the above fixed maturity securities had a fair value to cost ratio equal to or greater than 84% and the equity securities noted above had a fair value to cost ratio of over 70%. As of December 31, 2012, all of the above fixed maturity securities had a fair value to cost ratio equal to or greater than 96% and all of our equity securities had a fair value to cost ratio equal to or greater than 100%.
	The Company’s decision to record an impairment loss is primarily based on whether the security’s fair value is likely to remain significantly below its book value in light of all the factors considered. Factors that are considered include the length of time the security’s fair value has been below its carrying amount, the severity of the decline in value, the credit worthiness of the issuer, and the coupon and/or dividend payment history of the issuer. The Company also assesses whether it intends to sell or whether it is more likely than not that it may be required to sell the security prior to its recovery in value. For any fixed maturity securities that are other-than-temporarily impaired, the Company determines the portion of the other-than-temporary impairment that is credit-related and the portion that is related to other factors. The credit-related portion is the difference between the expected future cash flows and the amortized cost basis of the fixed maturity security, and that difference is charged to earnings. The non-credit-related portion representing the remaining difference to fair value is recognized in other comprehensive income (loss). Only in the case of a credit-related impairment where management has the intent to sell the security, or it is more likely than not that it will be required to sell the security before recovery of its cost basis, is a fixed maturity security adjusted to fair value and the resulting losses recognized in realized gains/losses in the consolidated statements of income. Any other-than-temporary impairments on equity securities are recorded in the consolidated statements of income in the periods incurred as the difference between fair value and cost. Based on our review, the Company experienced no other-than-temporary impairments during the years ended December 31, 2013 or 2012.
	Management believes that the Company will fully recover its cost basis in the securities held at December 31, 2013, 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.
	During 2012, the Company sold its investment in Farmers Bank Capital Corporation common stock. An other-than-temporary impairment had previously been recorded on this holding. The pre-tax gain associated with this sale totaled $121,976. We have no remaining assets for which other-than-temporary impairments have been recorded.
	Net unrealized gains for investments classified as available-for-sale are presented below, net of the effect on deferred income taxes and deferred acquisition costs assuming that the appreciation had been realized.
		31-Dec
	2013			2012
Net unrealized appreciation on available-for sale securities	$	15,442,886		$	44,222,622
Adjustment to deferred acquisition costs		(418,419	)		(1,312,922	)
Deferred income taxes		(5,108,319	)		(14,821,597	)
Net unrealized appreciation on available-for sale securities	$	9,916,148		$	28,088,103
The amortized cost and fair value of debt securities at December 31, 2013, by contractual maturity, are presented below. Expected maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties.
	Available-for-Sale
	Amortized			Fair
	Cost			Value
Due in one year or less	$	2,819,416		$	2,843,138
Due after one year through five years		68,576,706			75,405,769
Due after five years through ten years		192,354,594			197,155,814
Due after ten years		54,607,179			57,256,557
Due at multiple maturity dates		84,038,296			85,247,827
Total	$	402,396,191		$	417,909,105
Proceeds for the years ended December 31, 2013 and 2012 from sales and maturities of investments in available-for-sale securities, as well as gross gains and gross losses realized, are presented below.
	2013			2012
Proceeds from sales and maturities	$	94,899,207		$	34,186,233
Gross realized gains		2,613,961			513,989
Gross realized losses		(114,450	)		(29,176	)
Presented below is investment information, including the accumulated and annual change in net unrealized investment gains or losses. Additionally, the table shows the annual change in net unrealized investment gains (losses) and the amount of realized investment gains (losses) on debt and equity securities for the years ended December 31, 2013 and 2012.
	2013			2012
Change in unrealized investment gains (losses):
Available-for-sale:
Fixed maturities	$	(28,440,122	)	$	12,102,159
Equity securities		(339,614	)		(6,876	)
Realized investment gains (losses):
Available-for-sale:
Fixed maturities	$	2,505,340		$	362,837
Equity securities		(5,829	)		121,976
In addition to the realized investment gains and losses above, the Company also experienced a realized loss of $14,006 during the year ended December 31, 2013 relative to the demolition of a building owned by the Company.
During the third quarter of 2013, the Company initiated a program to strategically sell certain fixed maturities to generate realized gains within the investment portfolio. This program was completed prior to year end and led to the increase in realized investment gains shown above.
The Company is required to hold assets on deposit for the benefit of policyholders in accordance with statutory rules and regulations. At December 31, 2013 and 2012, these required deposits had a total fair value of $25,209,390 and $26,169,953, respectively.
The Company also engages in commercial and residential mortgage lending. As of December 31, 2013 and 2012, 83.2% and 99.9%, respectively, of these investments were in commercial properties. All commercial mortgage loans are either originated in-house or through two mortgage brokers, are secured by first mortgages on the real estate and generally carry personal guarantees by the borrowers. Loan to value ratios of 80% or less and debt service coverage from existing cash flows of 115% or higher are generally required. We minimize credit risk in our mortgage loan portfolio through various methods, including stringently underwriting the loan request, maintaining small average loan balances, and reviewing larger mortgage loans on an annual basis. As of December 31, 2013 and 2012, there were no non-performing loans, loans on nonaccrual status, loans 90 days past due or more, loans in process of foreclosure, or restructured loans. The Company experienced no mortgage loan defaults during 2013 or 2012.
During 2013, we began evaluating and purchasing residential mortgage loans through the secondary market. We review each mortgage loan opportunity individually, considering both the value of the underlying property and the credit worthiness of the borrower. These loans are typically purchased at a discount to their unpaid principal balance. We purchased residential mortgages through the secondary market totaling approximately $2,116,000 during 2013. We are utilizing a third party servicer to administer these loans.
The Company’s investments in mortgage loans, by state, are as follows:
	31-Dec
	2013			2012
Kentucky	$	3,740,272		$	2,987,588
Florida		2,622,740			3,039,200
Texas		2,432,643			2,283,924
Georgia		2,339,300			2,437,932
Ohio		1,599,450			1,679,868
Tennessee		1,203,184			1,184,954
California		942,036			-
North Carolina		589,779			524,036
Illinois		540,634			554,971
Arizona		506,134			530,657
West Virginia		467,480			494,643
Alabama		395,065			413,631
Massachusetts		283,341			-
New Jersey		258,239			-
South Carolina		250,826			270,303
Colorado		230,782			-
Idaho		188,882			202,476
Indiana		10,935			16,107
Total	$	18,601,722		$	16,620,290
At December 31, 2013, the Company held various real estate investments for the production of income totaling $575,114, net of accumulated depreciation of $536,565. At December 31, 2012, the Company’s real estate investments totaled $614,578, net of accumulated depreciation of $497,101.
The Company owns certain investments in state-guaranteed receivables. These investments represent an assignment of the future rights to cash flows from lottery winners purchased at a discounted price. Payments on these investments are made by state run lotteries and guaranteed by the states. At December 31, 2013, the amortized cost and estimated fair value of state-guaranteed receivables, by contractual maturity, are summarized as follows:
	State-Guaranteed Receivables
	Amortized			Fair
	Cost			Value
Due in one year or less	$	704,917		$	708,224
Due after one year through five years		2,492,672			2,650,340
Due after five years through ten years		2,909,367			3,432,024
Due after ten years		1,978,151			2,602,072
Total	$	8,085,107		$	9,392,660
The outstanding balance of state-guaranteed receivables, by state, as of December 31, 2013 and 2012 is summarized as follows:
	31-Dec
	2013			2012
New York	$	3,880,368		$	3,973,862
Massachusetts		1,927,350			2,709,704
Georgia		1,500,719			659,540
Pennsylvania		284,756			270,657
California		195,593			202,563
Texas		212,447			198,260
Ohio		83,874			97,083
Total	$	8,085,107		$	8,111,669
Prior to the third quarter of 2013, the Company owned a $3,000,000 position in a Morgan Stanley market-indexed note, which paid 1% interest annually and matured in six years from the issue date. At maturity, the Company would have participated at 110% of any increase in the Dow Jones Industrial Average since the purchase date, but was guaranteed against market-related downside risk. Accordingly, a portion of the investment was classified as a derivative and bifurcated for reporting purposes. The derivative portion, having a cost basis of $645,000 calculated at 21.5% of the total value of the purchase price of the note, was reported as an investment in derivative on the balance sheet. The remaining non-derivative portion of the note was reported within fixed maturities on the balance sheet. This derivative was marked-to-market through the income statement, with the change in value reported as a component of investment income on the income statement. This investment was sold during the third quarter of 2013 for $3,918,083, generating a realized gain of $918,083. Additionally, there was an increase in current year investment income associated with the removal of the mark-to-market adjustment, as shown below.
Major categories of net investment income are summarized as follows:
	2013			2012
Fixed maturities	$	19,254,558		$	19,456,710
Equity securities		169,784			58,972
Mortgage loans on real estate		1,109,776			1,317,826
Policy loans		478,750			489,824
State-guaranteed receivables		568,978			487,070
Gain (loss) on investment in derivative		2,400			(110,100	)
Other		229,825			116,380
Gross investment income	$	21,814,071		$	21,816,682
Investment expenses		1,152,929			1,090,415
Net investment income	$	20,661,142		$	20,726,267

Note_3_Fair_Values_of_Financia

Note 3 - Fair Values of Financial Instruments	12 Months Ended
	Dec. 31, 2013
Fair Value Disclosures [Abstract]	'
Fair Value Disclosures [Text Block]	'
	NOTE 3 - Fair Values of Financial Instruments
	The fair value of a financial instrument is the estimated amount at which the instrument could be exchanged in an orderly transaction between knowledgeable, unrelated, willing parties, i.e., not in a forced transaction.  The estimated fair value of a financial instrument may differ from the amount that could be realized if the security was sold in an immediate sale, e.g., a forced transaction.  Additionally, the valuation of investments is more subjective when markets are less liquid due to the lack of market based inputs, which may increase the potential that the estimated fair value of an investment is not reflective of the price at which an actual transaction would occur.
	The Company holds fixed maturities and equity securities that are measured and reported at fair market value on the balance sheet. The Company is also required to disclose fair value estimates for other financial instruments not required to be carried at market value on the balance sheet. The Company determines the fair market values of its financial instruments based on the fair value hierarchy that requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The standard describes three levels of inputs that may be used to measure fair value, as follows:
	Level 1 - Quoted prices in active markets for identical assets or liabilities.
	Level 2 - 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 for substantially the full term of the assets or liabilities.
	Level 3 - Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. The unobservable inputs reflect the Company’s own assumptions about the inputs that market participants would use.
	The Company has categorized its financial instruments, based on the priority of the inputs to the valuation technique, into the three-level fair value hierarchy. If the inputs used to measure the financial instruments fall within different levels of the hierarchy, the categorization is based on the lowest level input that is significant to the fair value measurement of the instrument. 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.
	Valuation of Investments Reported at Fair Value in Financial Statements
	The Company’s Level 1 investments include equity securities that are traded in an active exchange market, as well as one U.S. agency equity security whose value is set by government statute.
	The Company’s Level 2 investments include fixed maturities with quoted prices that are traded less frequently than exchange-traded instruments or instruments whose value is determined using a pricing model with inputs that are observable in the market or can be derived principally from or corroborated by observable market data. This category generally includes the majority of our fixed maturities, where fair values are obtained from a nationally recognized, third-party pricing service.
	The Company’s Level 3 investments include financial instruments whose value cannot be obtained through a pricing service and must be determined using pricing models, discounted cash flow methodologies, or similar techniques, as well as instruments for which the determination of fair value requires significant management judgment or estimation. This category currently includes one private equity investment where independent pricing inputs were not able to be obtained. For fixed maturities within this level, the Company utilizes the assistance of its third-party investment advisor to estimate the fair value based on non-binding broker quotes and internal models using unobservable assumptions about market participants. For the private equity investment, the Company establishes fair value based on the most recent trading activity as well as a review of the underlying financial statements of the entity. The Company’s Level 3 instruments also include the investment in derivative related to the bifurcated equity-indexed portion of a market-indexed note. The value of the derivative portion of this investment was derived from an option pricing model that utilizes the current Dow Jones Industrial Average compared to the strike price in the note, along with various other market assumptions including those regarding volatility and dividend yields.
	The following table presents the Company’s fair value hierarchy for those financial instruments measured and reported at fair value on a recurring basis as of December 31, 2013 and 2012.
		31-Dec-13
		Level 1			Level 2		Level 3			Total
	Fixed maturities:
	U.S. government obligations	$	-		$	34,575,791	$	-		$	34,575,791
	States and political subdivisions		-			42,994,764		-			42,994,764
	Corporate		-			227,942,974		-			227,942,974
	Foreign		-			57,646,352		-			57,646,352
	Asset-backed securities		-			2,787,370		-			2,787,370
	Mortgage-backed securities:
	Commercial MBS		-			4,413,720		-			4,413,720
	Residential MBS		-			47,548,134		-			47,548,134
	Total fixed maturities	$	-		$	417,909,105	$	-		$	417,909,105
	Equity securities:
	U.S. agencies	$	687,000		$	-	$	-		$	687,000
	Mutual funds		319,639			-		-			319,639
	Corporate common stock		4,427,694			-		384,000			4,811,694
	Total equity securities	$	5,434,333		$	-	$	384,000		$	5,818,333
		31-Dec-12
		Level 1			Level 2		Level 3			Total
	Fixed maturities:
	U.S. government obligations	$	-		$	51,898,872	$	-		$	51,898,872
	States and political subdivisions		-			53,846,484		-			53,846,484
	Corporate		-			227,443,614		3,834,470			231,278,084
	Foreign		-			54,736,870		-			54,736,870
	Asset-backed securities		-			4,748,934		-			4,748,934
	Mortgage-backed securities:
	Commercial MBS		-			6,837,027		-			6,837,027
	Residential MBS		-			34,977,142		-			34,977,142
	Total fixed maturities	$	-		$	434,488,943	$	3,834,470		$	438,323,413
	Equity securities:
	U.S. agencies	$	681,300		$	-	$	-		$	681,300
	Mutual funds		321,337			-		-			321,337
	Corporate common stock		-			-		384,000			384,000
	Total equity securities	$	1,002,637		$	-	$	384,000		$	1,386,637
	Investment in derivative	$	-		$	-	$	642,600		$	642,600
	The following table provides a summary of changes in fair value of our Level 3 financial instruments for the years ended December 31, 2013 and 2012.
		Year Ended December 31, 2013
					Corporate		Investment
					Common		in
		Corporate			Stock		Derivative			Total
	Beginning balance	$	3,834,470		$	384,000	$	642,600		$	4,861,070
	Transfers into Level 3		-			-		-			-
	Transfers out of Level 3		(3,834,470	)		-		-			(3,834,470	)
	Purchases		-			-		-			-
	Sales		-			-		(645,000	)		(645,000	)
	Total gains or losses:
	Included in earnings		-			-		2,400			2,400
	Included in other comprehensive loss		-			-		-			-
	Ending balance	$	-		$	384,000	$	-		$	384,000
		Year Ended December 31, 2012
					Corporate		Investment
				Common		in
	Corporate			Stock		Derivative			Total
Beginning balance	$	2,133,079		$	352,000	$	752,700		$	3,237,779
Transfers into Level 3		-			-		-			-
Transfers out of Level 3		-			-		-			-
Purchases		1,748,750			-		-			1,748,750
Sales		(102,137	)		-		-			(102,137	)
Total gains or losses:
Included in earnings		-			-		(110,100	)		(110,100	)
Included in other comprehensive income		54,778			32,000		-			86,778
Ending balance	$	3,834,470		$	384,000	$	642,600		$	4,861,070
The Company experienced no transfers between Level 1 and Level 2 during the years ended December 31, 2013 or 2012. The Company experienced four transfers of corporate fixed maturities from Level 3 to Level 2 during the year ended December 31, 2013. The Company experienced no transfers between Level 2 and Level 3 during the year ended December 31, 2012. Transfers in and/or (out) of Level 3 are primarily attributable to changes in the availability of market observable information and re-evaluation of the observability of pricing inputs.
The unrealized gains (losses) on Level 3 investments, other than the investment in derivative, are recorded as a component of accumulated other comprehensive income (loss), net of tax, in accordance with required accounting for our available-for-sale portfolio. The unrealized gains (losses) on the investment in derivative are reported in earnings as a component of investment income.
Financial Instruments Disclosed, but not Carried, at Fair Value
The following disclosure presents the carrying values and estimated fair values of the Company’s financial instruments disclosed, but not carried, at fair value as of December 31, 2013 and 2012, and the level within the fair value hierarchy at which such assets and liabilities are measured on a recurring basis. The fair values for insurance contracts other than investment-type contracts are not required to be disclosed. The estimated fair value amounts have been determined using available market information and appropriate valuation methodologies. However, considerable judgment was required to interpret market data to develop these estimates. Accordingly, the estimates are not necessarily indicative of the amounts which could be realized in a current market exchange. The use of different market assumptions or estimation methodologies may have a material effect on the fair value amounts.
	31-Dec-13
	Carrying			Fair
	Amount			Value		Level 1			Level 2			Level 3
Assets:
Mortgage loans on real estate:
Commercial	$	15,478,188		$	16,128,845	$	-		$	16,128,845		$	-
Residential		3,123,534			3,273,306		-			3,273,306			-
Policy loans		6,674,887			6,674,887		-			-			6,674,887
State-guaranteed receivables		8,085,107			9,392,660		-			9,392,660			-
Other invested assets		3,181,182			3,181,182		-			-			3,181,182
Cash and cash equivalents		4,143,291			4,143,291		4,143,291			-			-
Accrued investment income		5,191,253			5,191,253		-			-			5,191,253
Cash value of company-owned life insurance		11,808,248			11,808,248		-			-			11,808,248
Liabilities:
Policyholder deposits (Investment-type contracts)		53,476,853			53,396,538		-			-			53,396,538
Policy claims		3,672,474			3,672,474		-			-			3,672,474
Obligations under capital leases		943,488			943,488		-			-			943,488
Notes payable		3,031,942			3,033,122		-			-			3,033,122
	31-Dec-12
	Carrying			Fair
	Amount			Value		Level 1			Level 2			Level 3
Assets:
Mortgage loans on real estate:
Commercial	$	16,604,183		$	17,365,363	$	-		$	17,365,363		$	-
Residential		16,107			18,068		-			18,068			-
Policy loans		6,781,751			6,781,751		-			-			6,781,751
State-guaranteed receivables		8,111,669			10,186,226		-			10,186,226			-
Other invested assets		3,420,189			3,420,189		-			-			3,420,189
Cash and cash equivalents		6,009,905			6,009,905		6,009,905			-			-
Accrued investment income		5,163,783			5,163,783		-			-			5,163,783
Cash value of company-owned life insurance		10,844,489			10,844,489		-			-			10,844,489
Liabilities:
Policyholder deposits (Investment-type contracts)		54,602,229			58,704,154		-			-			58,704,154
Policy claims		1,894,727			1,894,727		-			-			1,894,727
Obligations under capital leases		568,214			568,214		-			-			568,214
Notes payable		3,478,613			3,485,503		-			-			3,485,503
The following methods and assumptions were used in estimating the fair value disclosures for financial instruments in the accompanying Consolidated Financial Statements and Notes thereto:
Mortgage loans on real estate: The fair values for mortgage loans are estimated using discounted cash flow analyses. For commercial mortgage loans, the discount rate was assumed to be the interest rate of the last commercial mortgage acquired by the Company. For residential mortgages, the discount rate was assumed to be the average yield on recent purchases less an expense factor.
State-guaranteed receivables: The fair values for state-guaranteed receivables are estimated using discounted cash flow analyses, using the average Citigroup Pension Liability Index in effect at the end of each period.
Cash and cash equivalents: The carrying amounts reported for these financial instruments approximate their fair values given the highly liquid nature of the instruments.
Cash value of company-owned life insurance: The carrying values and fair values for these policies are based on the current cash surrender values of the policies.
Investment-type contracts: The fair value for liabilities under investment-type insurance contracts (accumulation annuities) is calculated using a discounted cash flow approach. Cash flows are projected using actuarial assumptions and discounted to the valuation date using risk-free rates adjusted for credit risk and the nonperformance risk of the liabilities.
Notes payable: The fair values for notes payable on commercial loans with fixed interest rates are estimated using discounted cash flow analyses, assuming current interest rate assumptions for similar borrowings based on information gathered from market loan brokers. The fair value for notes payable with floating interest rates approximate the unpaid principal balances on such notes.
Policy loans, other invested assets, accrued investment income, policy claims and obligations under capital leases: The carrying values of these instruments approximate their fair values and are disclosed in Level 3 of the hierarchy.

Note_4_Federal_Income_Taxes

Note 4 - Federal Income Taxes	12 Months Ended
	Dec. 31, 2013
Income Tax Disclosure [Abstract]	'
Income Tax Disclosure [Text Block]	'
	NOTE 4 - Federal Income Taxes
	Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. Significant components of the Company’s deferred tax liabilities and assets as of December 31 are as follows:
		2013			2012
	Deferred tax liabilities:
	Policy acquisition costs	$	3,452,732		$	3,117,299
	Net unrealized gain on available-for-sale securities		5,108,319			14,821,597
	Due premiums		1,145,646			1,164,289
	Other		889,576			904,492
	Total deferred tax liabilities	$	10,596,273		$	20,007,677
	Deferred tax assets:
	Benefit reserves	$	3,540,549		$	3,167,947
	Other policyholder funds		474,581			348,010
	AMT credit carryforwards		501,101			543,033
	Accrued pension liability		981,867			2,451,916
	Other		493,284			307,293
	Total deferred tax assets	$	5,991,382		$	6,818,199
	Net deferred tax liabilities	$	4,604,891		$	13,189,478
	The Company periodically reviews its gross deferred tax assets for recoverability. At December 31, 2013 and 2012, the Company is able to demonstrate that the benefit of its gross deferred tax assets is fully recoverable.
	The reconciliation of income tax attributable to operations computed at the federal statutory tax rate to income tax expense is as follows:
		2013			2012
	Statutory federal income tax rate		34	%		34	%
	Small life insurance company deduction		(18.0	)		(28.2	)
	Dividends-received deduction		(1.2	)		(0.9	)
	Defined contribution plan dividend		(1.4	)		(1.3	)
	Nondeductible COLI expense		(4.9	)		(4.6	)
	Nondeductible travel & meals expense		0.8			0.8
	Implied interest on structured note		-			2
	True-up of provision to actual		1.7			(0.1	)
	Other		4.6			(1.9	)
	Effective income tax rate		15.6	%		(0.2	)%
	We file U.S. federal income tax returns and income tax returns in various state jurisdictions. Our 2010 through 2013 U.S. federal tax years remain subject to income tax examination by tax authorities. We have no known uncertain tax benefits within our provision for income taxes. In addition, we do not believe the Company will be subject to any penalties or interest relative to any open tax years and, therefore, have not accrued any such amounts. However, should such a circumstance arise, it is our policy to classify any interest and penalties (if applicable) as income tax expense in the Consolidated Financial Statements.

Note_5_Notes_Payable

Note 5 - Notes Payable	12 Months Ended
	Dec. 31, 2013
Debt Disclosure [Abstract]	'
Debt Disclosure [Text Block]	'
	NOTE 5 - Notes Payable
	On November 5, 2012, the Company entered into a new loan agreement to borrow $2,000,000. The loan calls for interest to be paid quarterly at a rate of 0.25% under the prime rate and has a maturity date of November 5, 2017. The note requires quarterly principal payments of $45,000 beginning July 5, 2015 with a balloon payment upon maturity. There is no penalty for prepayment. This note is collateralized with 55,000 shares of Investors Heritage Life Insurance Company common stock.
	The borrowed funds were utilized to fund a credit agreement to Puritan Financial Companies, Inc. for $2,000,000, with interest at a rate of 1.75% above the prime rate. The maturity date on this loan is April 1, 2016. This note requires quarterly payments of interest only beginning on January 5, 2013. The unpaid principal balance together with all accrued interest shall be due and payable with a balloon payment upon maturity. Under this credit agreement, Puritan Financial Companies, Inc. and its wholly-owned subsidiary Puritan Financial Group have committed to an increased level of new business production on behalf of the Company. Additionally, Puritan Financial Companies, Inc. has issued warrants for 2,000,000 shares of common stock to the Company in exchange for this funding. This note is further collateralized by all the stock and other assets of Puritan Financial Companies, Inc. and each of its affiliated companies. Puritan Financial Companies, Inc. has another credit facility with a senior lender and the Company has a subordinate interest to the senior lender in all of the collateral which is security for this loan. This $2,000,000 note receivable is included within other invested assets on the balance sheet.
	Effective September 27, 2013, the Company renewed its $1,000,000 line of credit for At Need Funding, maturing on September 25, 2015. This line of credit is used for the purpose of funding at-need funerals secured by the assignment of verified, incontestable life insurance policies. Effective September 27, 2013, the Company also renewed its $150,000 operating line of credit, maturing on September 25, 2015. These lines of credit require interest to be paid monthly at the prime rate, with a floor of 3.25%.
	On February 3, 2005, Investors Heritage Capital borrowed $3,650,000 to finance the purchase of certain home office property previously owned by Investors Heritage Life at a purchase price of $3,650,000. The note is an amortizing loan with a fixed interest rate of 5.05% and with a maturity date of March 1, 2015. The proceeds received by Investors Heritage Life were used to repay their surplus notes to Investors Heritage Capital. Additionally, Investors Heritage Capital used such proceeds to repay the $3,000,000 bank note outstanding at December 31, 2004. This transaction was approved by the Kentucky Department of Insurance.
	Information relative to the Company’s notes payable at December 31, 2013 and 2012 is as follows:
	2013	Outstanding		Current			Maturity	Interest		Interest
		Principal		Interest Rate			Date	Expense		Paid
	Mortgage note	$	562,910		5.05	%	3/1/15	$	38,365	$	40,155
	At Need Funding line of credit		506,240		3.25	%	9/25/15		16,555		16,555
	Bank note		1,962,792		3	%	11/5/17		60,188		55,289
	2012	Outstanding		Current			Maturity	Interest		Interest
		Principal		Interest Rate			Date	Expense		Paid
	Mortgage note	$	988,393		5.05	%	3/1/15	$	59,363	$	61,066
	At Need Funding line of credit		490,220		3.25	%	9/29/13		8,298		8,320
	Bank note		2,000,000		3	%	11/5/17		9,333		-

Note_6_Employee_Benefit_Plans

Note 6 - Employee Benefit Plans	12 Months Ended
	Dec. 31, 2013
Compensation and Retirement Disclosure [Abstract]	'
Pension and Other Postretirement Benefits Disclosure [Text Block]	'
	NOTE 6 - Employee Benefit Plans
	The Company sponsors a noncontributory defined benefit pension plan. On May 10, 2012, the Board of Directors of the Company authorized an amendment to the IHCC Employee Retirement Plan (the “Pension Plan”) which provided that all future benefit accruals and compensation increases under the Pension Plan automatically cease for all individuals who were participants under the Pension Plan as of June 30, 2012. The amendment allows such participants to continue to earn vesting credit towards their Pension Plan benefit on and after June 30, 2012. The curtailment of the Pension Plan resulted in a reduction in our accrued pension liability of $1,760,623, net of deferred taxes of $598,612.
	The following table provides additional details for the Company on a consolidated basis as of December 31.
		2013			2012
	Change in projected benefit obligation:
	Benefit obligation at beginning of year	$	23,872,644		$	24,098,408
	Service cost		-			293,544
	Interest cost		668,720			1,010,630
	Actuarial (gain) loss		32,453			(439,475	)
	Benefits paid		(650,734	)		(953,328	)
	Change in discount rate		(2,607,483	)		1,623,488
	Curtailment		-			(1,760,623	)
	Benefit obligation at end of year	$	21,315,600		$	23,872,644
	Change in plan assets:
	Fair value of plan assets at beginning of year	$	16,661,125		$	14,551,370
	Actual return on plan assets		1,457,366			1,571,883
	Employer contributions		960,000			1,491,200
	Benefits paid		(650,734	)		(953,328	)
	Fair value of plan assets at end of year	$	18,427,757		$	16,661,125
	Funded status	$	(2,887,843	)	$	(7,211,519	)
	Unrecognized net actuarial loss		4,794,177			8,406,635
	Net amount recognized as prepaid benefit cost	$	1,906,334		$	1,195,116
	Components of net periodic benefit cost:
	Service cost	$	-		$	293,544
	Interest cost		668,720			1,010,630
	Expected return on plan assets		(1,192,584	)		(1,272,898	)
	Recognized actuarial net loss		772,646			913,378
	Net periodic benefit cost	$	248,782		$	944,654
	Accumulated benefit obligation	$	21,315,600		$	23,872,644
	The portion of the accrued pension liability included in accumulated other comprehensive income at December 31, 2013 is $4,794,177, which has been recorded net of related tax of $1,630,020. The portion of the accrued pension liability included in accumulated other comprehensive income at December 31, 2012 is $8,406,635, which has been recorded net of related tax of $2,858,256. These amounts are solely the result of unamortized actuarial net losses not yet amortized into income.
	The estimated net loss that will be amortized from accumulated other comprehensive income (loss) into net periodic benefit cost during 2014 is $390,413.
	Actuarial assumptions used at December 31, 2013 and 2012 to determine benefit obligations and net periodic benefit cost are as follows:
		31-Dec
		2013			2012
	Discount rate		5	%		4	%
	Expected return on plan assets		7	%		8.5	%
	The long-term rate of return for plan assets is determined based on an analysis of historical returns on invested assets, anticipated future fixed income, equity investment markets, and diversification needs. Long term trends are evaluated relative to current market factors such as inflation, interest rates and investment strategies, including risk management, in order to assess the assumptions as applied to the plan.
	The Company employs a conservative investment strategy whereby the majority of invested assets are held in appropriate investments for defined benefit pension plans, including a small portion of plan assets held in common stock of the Company. The Company uses an independent third party to administer its retirement plan. Plan assets are held in a trust account and include a diversified assortment of pooled separate accounts as well as Company common stock. The fair value of plan assets as of December 31, 2013 and 2012 are as follows:
		31-Dec
		2013			2012
	Pooled separate accounts	$	17,778,307		$	16,113,355
	Company common stock - 31,000 shares		649,450			547,770
	Pooled separate accounts held by the Pension Plan at December 31, 2013 and 2012 are considered Level 2 assets and are valued at the net asset value (“NAV”) of units held by the Pension Plan at year end. The NAV is determined by dividing the net assets, at fair value, of the fund by the number of units outstanding on the day of valuation.  Pooled separate accounts are comprised, primarily, of shares of registered investment companies held through subaccounts of a separate account of an insurance company. The NAV as adjusted (for mutual fund dividends, mutual fund splits and administrative maintenance charges and other items) and reported by the insurance company approximates fair value of the investments. The investments are redeemable at the adjusted NAV under agreements with the insurance company.  However, it is possible that the redemption rights may be restricted or eliminated in the future. Due to the nature of the investments, changes in the market conditions, liquidity requirements, and the economic environment may significantly affect the NAV of the registered investment companies and, consequently, the fair value of the Pension Plan's investments.
	Shares of Company common stock held by the plan at December 31, 2013 and 2012 are considered Level 2 assets and are valued based on observable inputs, such as quoted prices in markets with limited activity. Dividends of $7,750 and $7,130 were paid to the plan in 2013 and 2012, respectively, on the Company common stock. The plan made no purchases or sales of Company common stock during 2013 or 2012.
	A summary of the allocation of plan assets by investment type as of December 31, 2013 and 2012 is as follows:
		31-Dec
		2013			2012
	Equity pooled separate accounts		35	%		48	%
	Debt pooled separate accounts		61	%		49	%
	Company common stock		4	%		3	%
	The Company expects to contribute approximately $900,000 to its pension plan in 2014.
	The following estimated future benefit payments are expected to be paid:
					Pension Benefits
	2014				$	2,601,000
	2015					1,418,000
	2016					1,665,000
	2017					1,299,000
	2018					1,275,000
	2019-2023					7,225,000
	The Company also sponsors a 401(k) defined contribution plan known as the IHCC Retirement Savings Plan and Trust (the “Old 401(k) Plan”). On June 21, 2012, the Board of Directors of the Company authorized an amendment to the Old 401(k) Plan, under which, effective June 30, 2012, participants in the Old 401(k) Plan shall not be eligible to elect to defer and contribute compensation earned to the Old 401(k) Plan; the Company will not make any matching contributions to the Old 401(k) Plan; and the Old 401(k) Plan will not accept rollover contributions.
	On June 21, 2012, the Board of Directors of the Company also adopted a new traditional 401(k) retirement plan, the IHCC 401(k) Retirement Plan (the “Retirement Plan”). Employees will be eligible to participate in the Retirement Plan on the first day of employment. Under the Retirement Plan, the Company will match employee contributions dollar for dollar up to 4% of employee compensation deferrals. Employees who have met certain employment criteria may also be eligible to receive an additional allocation after the end of each plan year. The Retirement Plan became effective July 1, 2012.
	The funds previously invested in mutual funds in the Old 401(k) Plan were rolled into the Retirement Plan in conjunction with the plan amendments, leaving only Company stock in the Old 401(k) Plan.
	Information relative to the assets within both the Old 401(k) Plan and the Retirement Plan as of December 31, 2013 and 2012, along with employer contributions expensed and dividends paid on Company stock for the years then ended, are as follows:
	31-Dec
	2013			2012
Old 401(k) Plan
Company common stock:
Shares held		331,559			345,145
Fair value	$	6,863,275		$	6,098,714
Retirement Plan
Mutual funds - fair value	$	1,635,830		$	844,941
	For the Year Ended December 31
	2013			2012
Old 401(k) Plan
Employer contributions	$	-		$	133,970
Dividends on Company stock		86,286			79,621
Retirement Plan
Employer contributions	$	316,206		$	88,654
In addition, the Company sponsors a deferred compensation plan for selected executive officers. Information relative to the assets within the deferred compensation plan as of December 31, 2013 and 2012, along with employer contributions expensed and dividends paid on Company stock for the years then ended, are as follows:
	31-Dec
	2013			2012
Company common stock:
Shares held		20,820			20,881
Fair value	$	430,984		$	368,976
Mutual funds - fair value		69,136			13,939
Cash and cash equivalents		3,486			5,012
	For the Year Ended December 31
	2013			2012
Employer contributions	$	24,978		$	18,212
Dividends on Company stock		5,220			4,659

Note_7_Stockholders_Equity_and

Note 7 - Stockholders' Equity and Dividend Restrictions	12 Months Ended
	Dec. 31, 2013
Stockholders' Equity Note [Abstract]	'
Stockholders' Equity Note Disclosure [Text Block]	'
	NOTE 7 - Stockholders' Equity and Dividend Restrictions
	Statutory restrictions limit the amount of dividends which may be paid by Investors Heritage Life. Generally, dividends during any year may not be paid, without prior regulatory approval, in excess of the lesser of (a) 10 percent of statutory surplus as of the preceding December 31, or (b) statutory net gain from operations for the preceding year. For 2014, the maximum dividend that Investors Heritage Life can pay to Investors Heritage Capital without regulatory approval is $671,463.

Note_8_Statutory_Accounting_Pr

Note 8 - Statutory Accounting Practices	12 Months Ended
	Dec. 31, 2013
Statutory Accounting Practices Disclosures [Abstract]	'
Statutory Accounting Practices Disclosures [Text Block]	'
	NOTE 8 - Statutory Accounting Practices
	Investors Heritage Life's statutory-basis capital and surplus was $20,212,394 and $20,579,141 at December 31, 2013 and 2012, respectively. Statutory-basis net income was $1,233,527 and $1,905,812 for 2013 and 2012, respectively.
	Principal adjustments to statutory amounts to derive GAAP amounts include: a) costs of acquiring new policies are deferred and amortized; b) benefit reserves are calculated using more realistic investment, mortality and withdrawal assumptions; c) changes in deferred taxes associated with timing differences are recorded in net income rather than directly to equity; d) value of business acquired and goodwill established for acquired companies differ from admitted statutory goodwill; e) accounting for certain investments in debt securities is at fair value with unrealized gains and losses reported as a separate component of equity; f) statutory asset valuation reserves and interest maintenance reserves are eliminated; and g) items treated as cumulative effect adjustments under statutory accounting principles.

Note_9_Segment_Data

Note 9 - Segment Data	12 Months Ended
	Dec. 31, 2013
Segment Reporting [Abstract]	'
Segment Reporting Disclosure [Text Block]	'
	NOTE 9 - Segment Data
	The Company operates in four segments. All segments include both individual and group insurance. Identifiable revenues, expenses and assets are assigned directly to the applicable segment. Net investment income, realized gains and losses, and invested assets are generally allocated to the insurance and the corporate segments in proportion to policy liabilities and stockholders' equity, respectively. Certain assets, such as property and equipment and leased property under capital leases, are allocated between the administrative and financial services segment and the corporate and other segment. Investors Heritage Financial revenue and income associated with credit administrative services is assigned to the Administrative and financial services segment, along with fees relative to third party administrative services. Any remaining revenue and income is assigned to the corporate and other segment. Results for the parent company, Investors Heritage Printing, At Need Funding and Heritage Funding, after elimination of intercompany amounts, are allocated to the corporate and other segment.
	Information relative to our operating segments is as follows:
		2013		2012
		(000's omitted)
	Revenue:
	Preneed and burial products	$	49,457	$	48,863
	Traditional and universal life products		28,650		19,336
	Administrative and financial services		1,215		1,491
	Corporate and other		798		740
		$	80,120	$	70,430
	Pre-tax income (loss) from operations:
	Preneed and burial products	$	816	$	993
	Traditional and universal life products		968		921
	Administrative and financial services		306		366
	Corporate and other		37		(185	)
		$	2,127	$	2,095
	Assets:
	Preneed and burial products	$	375,905	$	378,142
	Traditional and universal life products		109,777		91,142
	Administrative and financial services		9,937		10,757
	Corporate and other		67,990		95,965
		$	563,609	$	576,006
	Amortization and depreciation expense:
	Preneed and burial products	$	5,866	$	5,427
	Traditional and universal life products		1,726		3,223
	Administrative and financial services		264		213
	Corporate and other		360		313
		$	8,216	$	9,176
	At December 31, 2013, the Company’s death and other benefits include an additional amount totaling $2,380,617 relative to a comparison of our life insurance policies against the Social Security Death Master File. This comparison was performed in compliance with a recently enacted Kentucky state law which follows a model law adopted by the National Conference of Insurance Legislators. This amount primarily affects the traditional and universal life segment, along with a much smaller impact on the final expense portion of the preneed and burial segment. The Company is in the process of researching the potential matches to determine that a valid claim exists, to locate beneficiaries and to pay benefits accordingly.

Note_10_Reinsurance

Note 10 - Reinsurance	12 Months Ended
	Dec. 31, 2013
Reinsurance Disclosures [Abstract]	'
Reinsurance [Text Block]	'
	NOTE 10 - Reinsurance
	The Company ceded 100% of the risks associated with its credit life and accident insurance written during 2013 and 2012 through coinsurance agreements with various companies. The Company administers the ceded credit life and accident insurance for an agreed-upon fee. During 2013 and 2012, the Company received $272,264 and $299,843, respectively, of fee income associated with these reinsurance arrangements, which is recognized in the administrative and financial services segment in the preceding table in Note 9. Ceded benefit and claim reserves associated with these reinsurance arrangements at December 31, 2013 and 2012 were $9,243,869 and $9,737,123, respectively. Additionally, unearned premium reserves were reduced by $8,186,589 and $9,107,458 at December 31, 2013 and 2012, respectively, for credit-related reinsurance transactions. The Company utilizes yearly renewable term reinsurance to cede life insurance coverage in excess of its retention limit.
	Investors Heritage Life cedes 85% of life and annuity policy obligations assumed from Franklin American Life Insurance Company to Scottish Annuity and Life Insurance Company (Cayman) Ltd. Benefit reserves ceded to Scottish and included in the amounts recoverable from reinsurers approximated $21,092,000 and $22,627,000 at December 31, 2013 and 2012, respectively. An escrow account has been established by Scottish to secure Investors Heritage Life's ceded benefit obligations.
	Investors Heritage Life coinsures policy obligations written through its relationship with Puritan Financial Group to Puritan Life Insurance Company of America (“Puritan”), an affiliate of Puritan Financial Group. Benefit reserves ceded to Puritan and included in the amounts recoverable from reinsurers approximated $14,281,000 and $11,141,000 at December 31, 2013 and 2012, respectively. Puritan maintains a trust account in Kentucky to secure Investors Heritage Life's ceded benefit obligations.
	During 2013, Investors Heritage Life began assuming 75% of the risks on policies sold by affiliated life insurance companies of Puritan Financial Group. The products being assumed are identical to the Heritage Solution and Heritage Provider products currently being written by Investors Heritage Life. However, these reinsurance arrangements allow us to participate in the profitability of these products in certain states where we are not currently marketing. Premiums assumed under these agreements totaled approximately $10,033,000 for the year ended December 31, 2013.
	Reinsurance ceded and assumed amounts included in the consolidated statements of income are as follows:
		2013		2012
	Premiums ceded	$	14,105,855	$	19,997,026
	Premiums assumed		10,044,766		3,834,907
	Commission and expense allowances		3,238,144		4,596,452
	Benefit recoveries		8,157,180		7,288,897
	During 2012, the Company terminated its participation in the Federal Employees’ Group Life Insurance (“FEGLI”) and Servicemen’s Group Life Insurance (“SGLI”) programs. The termination of our participation in FEGLI was effective September 30, 2012 while the termination of our participation in SGLI was effective July 1, 2012. These terminations did not have a significant impact on the results of our operations. However, the terminations did reduce certain items within the balance sheet, including the policy claims liability and due premiums for reinsurance assumed.
	The Company remains contingently liable on all ceded insurance should any reinsurer be unable to meet their obligations.

Note_11_Other_Comprehensive_In

Note 11 - Other Comprehensive Income	12 Months Ended
	Dec. 31, 2013
Disclosure Text Block [Abstract]	'
Comprehensive Income (Loss) Note [Text Block]	'
	NOTE 11 – Other Comprehensive Income
	The following tables present the pretax components of the Company’s other comprehensive income, and the related income tax expense (benefit) for each component, for the years ended December 31, 2013 and 2012.
		Year Ended December 31, 2013
					Income Tax
					Expense
		Pretax			(Benefit)			Net of Tax
	Other comprehensive loss:
	Change in net unrealized gains (losses) on available-for-sale securities:
	Unrealized holding gains (losses) arising during period	$	(26,280,225	)	$	(9,697,464	)	$	(16,582,761	)
	Reclassification adjustment for gains included in income		(2,499,511	)		(319,944	)		(2,179,567	)
	Adjustment for effect of deferred acquisition costs		894,503			304,130			590,373
	Net unrealized gains (losses) on investments		(27,885,233	)		(9,713,278	)		(18,171,955	)
	Change in defined benefit pension plan:
	Actuarial net gain on pension plan		2,839,812			965,536			1,874,276
	Amortization of actuarial net loss in net periodic pension cost		772,646			262,700			509,946
	Net change in defined benefit pension plan		3,612,458			1,228,236			2,384,222
	Total other comprehensive loss	$	(24,272,775	)	$	(8,485,042	)	$	(15,787,733	)
		Year Ended December 31, 2012
					Income Tax
					Expense
		Pretax			(Benefit)			Net of Tax
	Other comprehensive income:
	Change in net unrealized gains on available-for-sale securities:
	Unrealized holding gains arising during period	$	12,580,096		$	4,219,487		$	8,360,609
	Reclassification adjustment for gains included in income		(484,813	)		(92,394	)		(392,419	)
	Adjustment for effect of deferred acquisition costs		(325,260	)		(110,588	)		(214,672	)
	Net unrealized gains on investments		11,770,023			4,016,505			7,753,518
	Change in defined benefit pension plan:
	Actuarial net loss on pension plan		(885,028	)		(300,910	)		(584,118	)
	Amortization of actuarial net loss in net periodic pension cost		913,378			310,549			602,829
	Curtailment of defined benefit pension plan		1,760,623			598,612			1,162,011
	Net change in defined benefit pension plan		1,788,973			608,251			1,180,722
	Total other comprehensive income	$	13,558,996		$	4,624,756		$	8,934,240
	Realized gains and losses on the sales of investments are determined based upon the specific identification method and include provisions for other-than-temporary impairments where appropriate.
	The change in the components of the Company’s accumulated other comprehensive income for the years ended December 31, 2013 and 2012 are as follows:
		Unrealized Gains			Defined			Accumulated
		(Losses) on			Benefit			Other
		Available-For-Sale			Pension			Comprehensive
		Securities			Plans			Income
	For the year ended December 31, 2013:
	Beginning balance	$	28,088,103		$	(5,548,379	)	$	22,539,724
	Other comprehensive loss before reclassifications		(15,992,388	)		1,874,276			(14,118,112	)
	Amounts reclassified from accumulated other comprehensive income		(2,179,567	)		509,946			(1,669,621	)
	Net current period other comprehensive income (loss)		(18,171,955	)		2,384,222			(15,787,733	)
	Ending balance	$	9,916,148		$	(3,164,157	)	$	6,751,991
	For the year ended December 31, 2012:
	Beginning balance	$	20,334,585		$	(6,729,101	)	$	13,605,484
	Other comprehensive income before reclassifications		8,145,937			577,893			8,723,830
	Amounts reclassified from accumulated other comprehensive income		(392,419	)		602,829			210,410
	Net current period other comprehensive income		7,753,518			1,180,722			8,934,240
	Ending balance	$	28,088,103		$	(5,548,379	)	$	22,539,724
	The following table presents the pretax and the related income tax components of the amounts reclassified from the Company’s accumulated other comprehensive income to the Company’s consolidated statement of income for the years ended December 31, 2013 and 2012.
		Year Ended December 31,
	Reclassification Adjustments	2013			2012
	Unrealized gains on available-for-sale securities:
	Realized gains on sale of securities (a)	$	2,499,511		$	484,813
	Income tax expense (c)		(319,944	)		(92,394	)
	Net of tax		2,179,567			392,419
	Defined benefit pension plans:
	Amortization of actuarial net loss (b)		(772,646	)		(913,378	)
	Income tax benefit (c)		262,700			310,549
	Net of tax		(509,946	)		(602,829	)
	Total reclassifications for the period	$	1,669,621		$	(210,410	)
(a) These items appear within net realized gains on investments in the consolidated income statements.
(b) These items are included in the computation of net periodic benefit cost (see Note 6).
(c) These items appear within federal income taxes in the consolidated income statements.

Note_12_Contingent_Liabilities

Note 12 - Contingent Liabilities	12 Months Ended
	Dec. 31, 2013
Loss Contingency [Abstract]	'
Contingencies Disclosure [Text Block]	'
	NOTE 12 - Contingent Liabilities
	The Company is named as a defendant in several legal actions arising primarily from claims made under insurance policies. Management and its legal counsel are of the opinion that the settlement of those actions will not have a material adverse effect on the financial position or results of operations.
	In most of the states in which the Company is licensed to do business, guaranty fund assessments may be taken as a credit against premium taxes over a five-year period. These assessments, brought about by the insolvency of life and health insurers, are levied at the discretion of the various state guaranty fund associations to cover association obligations. It is management's opinion that the effect of any future assessments would not be material to the financial position or results of operations of the Company because of the use of premium tax offsets.

Accounting_Policies_by_Policy_

Accounting Policies, by Policy (Policies)	12 Months Ended
	Dec. 31, 2013
Accounting Policies, by Policy (Policies) [Line Items]	'
Basis of Accounting, Policy [Policy Text Block]	'
	Basis of Presentation: The accompanying Consolidated Financial Statements of the Company have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”).
Consolidation, Policy [Policy Text Block]	'
	Principles of Consolidation: The Consolidated Financial Statements include the accounts of the wholly-owned subsidiaries of Investors Heritage Capital, which are Investors Heritage Life and its subsidiary, Investors Underwriters, Inc., Investors Heritage Printing, Investors Heritage Financial, At Need Funding and Heritage Funding. Intercompany transactions are eliminated in the Company's Consolidated Financial Statements.
Use of Estimates, Policy [Policy Text Block]	'
	Use of Estimates: The preparation of financial statements requires management to make estimates and assumptions that affect the amounts reported in the Consolidated Financial Statements and accompanying Notes. Actual results could differ from those estimates.
Reclassification, Policy [Policy Text Block]	'
	Reclassifications: Certain reclassifications have been made in the prior year Consolidated Financial Statements to conform to current year presentation. These reclassifications had no impact on previously reported net income or stockholders’ equity.
Investment, Policy [Policy Text Block]	'
	Investments: The Company classifies all fixed maturities and equity securities as available-for-sale. Securities classified as available-for-sale are carried at fair value with unrealized appreciation (depreciation) relating to temporary market value changes recorded as an adjustment to other comprehensive income (loss), net of adjustments to deferred acquisition costs and federal income taxes.
	Premiums and discounts on fixed maturity investments are amortized into income using the interest method. Anticipated prepayments on mortgage-backed securities are considered in the determination of the effective yield on such securities. If a difference arises between anticipated prepayments and actual prepayments, the carrying amounts of the investments are adjusted with a corresponding charge or credit to interest income.
	Realized gains and losses on the sales of investments are determined based upon the specific identification method and include provisions for other-than-temporary impairments where appropriate, as discussed in further detail in Note 2 to the Consolidated Financial Statements.
	If an other-than-temporary impairment occurs with respect to a bond, the reduced book value is amortized back to the security’s expected recovery value over the remaining term of the bond. The Company continues to review the security for further impairment that would prompt another write-down in the value.
	Mortgage loans are carried at amortized cost.
	Policy loans are carried at their aggregate principal balance.
	State-guaranteed receivables represent an assignment of the future rights to cash flows from lottery winners purchased at a discounted price. Payments on these investments are made by state run lotteries and guaranteed by the states. The state-guaranteed receivables are carried at their amortized cost basis.
	Investment in derivative represents the derivative portion of the Company’s investment in a market-indexed note. The derivative portion of this investment is bifurcated and carried at fair value, with changes in the fair value of the derivative included within investment income in the consolidated statements of income. This investment was sold during 2013, as further discussed in Note 2 to the Consolidated Financial Statements.
	Other invested assets include real estate investments and notes receivable. Real estate investments are carried at cost less accumulated depreciation. Notes receivable are carried at their aggregate principal balance.
	Short-term investments represent securities with maturity dates within one year but exceeding three months. These securities are carried at amortized cost, which approximates fair value.
	Cash equivalents include money market funds on deposit at various financial institutions with contractual maturity dates within three months at the time of purchase.
Deferred Policy Acquisition Costs, Policy [Policy Text Block]	'
	Deferred Acquisition Costs: Commissions and other acquisition costs, which vary with and are primarily related to the production of new business, are deferred and amortized over the life of the related policies (refer to Revenues and Expenses discussed later regarding amortization methods). Recoverability of deferred acquisition costs is evaluated periodically by comparing the current estimate of the present value of expected pretax future profits to the unamortized asset balance. If this current estimate is less than the existing balance, the difference is charged to expense.
	Deferred acquisition costs related to annuities and universal life insurance products are deferred to the extent deemed recoverable and amortized in relation to the present value of actual and expected gross profits on the policies. To the extent that realized gains and losses on fixed income securities result in adjustments to deferred acquisition costs related to annuities, such adjustments are reflected as a component of the amortization of deferred acquisition costs.
	Deferred acquisition costs related to annuities and universal life insurance products are also adjusted, net of tax, for the change in amortization that would have been recorded if the unrealized gains (losses) from securities had actually been realized. This adjustment is included in the change in net unrealized appreciation (depreciation) on available-for-sale securities, a component of "Accumulated Other Comprehensive Income (Loss)" in the stockholders' equity section of the balance sheet.
Intangible Assets Arising from Insurance Contracts Acquired in Business Combination, Policy [Policy Text Block]	'
	Value of Business Acquired: Value of business acquired represents the estimated value assigned to the insurance in force of the assumed policy obligations at the date of acquisition of a block of policies. Amortization of value of business acquired recognized in 2013 and 2012 totaled $127,611 and $161,095, respectively. Accumulated amortization was $535,300 and $407,689 at December 31, 2013 and 2012, respectively. Estimated annual amortization will be approximately $85,000, $76,000, $70,000, $63,000, and $44,000 in 2014 through 2018, respectively.
Property, Plant and Equipment, Policy [Policy Text Block]	'
	Property and Equipment: Property and equipment is carried at cost less accumulated depreciation, using principally the straight-line method. Accumulated depreciation on property and equipment was $3,728,657 and $4,141,343 at December 31, 2013 and 2012, respectively.
Lease, Policy [Policy Text Block]	'
	Capital Leases: During 2013, the Company entered into four new capital leases totaling $752,861 at inception. One of these leases included a sale-leaseback transaction with a non-affiliated third party whereby the Company sold certain leasehold improvement assets with a depreciated book value totaling $670,048. The Company then leased these assets back from the third party over three years under a dollar buyout lease. The total monthly payment on this lease is $21,863.
	Total lease payments for 2013 and 2012 relating to previously existing capital leases were $352,775 and $256,579, respectively. Future minimum lease payments for 2014 through 2018 are $479,109; $327,599; $252,845; $2,728; and $0, respectively. The present value of net minimum lease payments at December 31, 2013 was $943,488, which is equal to the total future minimum lease payments of $1,062,281 less imputed interest of $118,793. Accumulated amortization on the leased property was $586,237 and $280,367 at December 31, 2013 and 2012, respectively.
Cash Value of Company-Owned Life Insurance Policy [Policy Text Block]	'
	Cash Value of Company-Owned Life Insurance: The Company holds life insurance policies on key members of the organization. These policies are reported at the current cash surrender values of the policies.
Reinsurance Accounting Policy [Policy Text Block]	'
	Reinsurance: The Company assumes and cedes reinsurance under various agreements providing greater diversification of business, allowing management to control exposure to potential losses arising from large risks, and providing additional capacity for growth. Amounts recoverable from reinsurers are estimated in a manner consistent with the related liabilities associated with the reinsured policies. At December 31, 2013 and 2012, amounts recoverable from reinsurers were $55,669,088 and $53,797,125, respectively. These amounts included reserves ceded to reinsurers of $54,256,096 and $52,944,370 at December 31, 2013 and 2012, respectively.
Unpaid Policy Claims and Claims Adjustment Expense, Policy [Policy Text Block]	'
	Policy Claims: Policy claims are based on reported claims plus estimated incurred but not reported claims developed from trends of historical data applied to current exposure.
	At December 31, 2013, the Company’s policy claims liability includes an estimate of $1,679,764 for outstanding claims relative to a comparison of our life insurance policies against the Social Security Death Master File. This comparison was performed in compliance with a recently enacted Kentucky state law which follows a model law adopted by the National Conference of Insurance Legislators. This amount primarily affects the traditional and universal life segment, along with a much smaller impact on the final expense portion of the preneed and burial segment. The Company is in the process of researching the potential matches to determine that a valid claim exists, to locate beneficiaries and to pay benefits accordingly.
Deposit Contracts, Policy [Policy Text Block]	'
	Liability for Deposit-Type Contracts: Liability for deposit-type contracts consists of supplemental contracts without life contingencies, premium deposit funds and dividends and endowments left on deposit at interest.
Participating Policies [Policy Text Block]	'
	Participating Policies: Participating business approximates 17% of ordinary life insurance in force at December 31, 2013 and 2012, respectively. Premiums relative to participating business comprised approximately 3% and 4% of net premiums for the years ended December 31, 2013 and 2012, respectively. Participating dividends are accrued as declared by the Board of Directors of Investors Heritage Life. For participating policies that are not a part of the Texas Memorial Life or Memorial Service Life policy acquisitions, the liability for future policy benefits for participating policies was determined based on the Net Level Premium Reserve Method, 3% interest, and the 1941 CSO Mortality and 1958 CSO Mortality tables. All guaranteed benefits were considered in calculating these reserves. Deferred acquisition costs are amortized in proportion to expected gross profits.
	The liability for future policy benefits of the Texas Memorial Life and Memorial Service Life blocks of participating business was determined based on the 2001 CSO and 1980 CSO Mortality tables, respectively. While these policies are participating, no future dividends are anticipated on this block of policies.
	The average assumed investment yields used in determining expected gross profits ranged from 3.56% to 9.17% (for the current and all future years, an assumed investment yield of 5% was utilized).
Income Tax, Policy [Policy Text Block]	'
	Federal Income Taxes: The Company utilizes the liability method to account for income taxes. Under such method, deferred tax assets and liabilities are determined based on differences between the financial reporting and the tax bases of assets and liabilities and are measured using the enacted tax rates.
Insurance Premiums Revenue Recognition, Policy [Policy Text Block]	'
	Revenues and Expenses: Revenues on traditional life and accident and health insurance products consist of direct and assumed premiums reported as earned when due. Liabilities for future policy benefits, including unearned premium reserves on accident and health policies and unreleased profits on limited-pay life policies, 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 premium paying period using the net level premium method. Traditional life insurance products are treated as long duration contracts since they are ordinary whole life insurance products, which generally remain in force for the lifetime of the insured. The accident and health insurance products are treated as long duration contracts because they are non-cancelable.
	Revenues for universal life and investment-type products consist of investment income and policy charges for the cost of insurance and policy initiation and administrative fees. Expenses include interest credited to policy account balances, actual administrative expenses and benefit payments in excess of policy account balances.
	Other income consists principally of third party administrative service fees along with servicing and administration fees relative to credit insurance administered for our reinsurers.
Stockholders' Equity, Policy [Policy Text Block]	'
	Common Stock and Earnings per Share: The par value per share is $1.00 with 4,000,000 shares authorized. Earnings per share of common stock were computed based on the weighted average number of common shares outstanding during each year. The weighted average number of shares outstanding during 2013 and 2012 were 1,137,156 and 1,152,438 shares, respectively. The Company paid cash dividends per share of $0.25 and $0.23 in 2013 and 2012, respectively.
Subsequent Events, Policy [Policy Text Block]	'
	Subsequent Events: Management has evaluated all events subsequent to December 31, 2013 through the date that these Consolidated Financial Statements were available to be issued.
New Accounting Pronouncements, Policy [Policy Text Block]	'
	New Accounting Standards: In February 2013, the Financial Accounting Standards Board (“FASB”) issued guidance regarding the reporting of reclassifications out of accumulated other comprehensive income. The guidance requires entities to provide information about the amounts reclassified out of accumulated other comprehensive income by component. Significant amounts reclassified out of accumulated other comprehensive income that are required under U.S. generally accepted accounting principles to be reclassified to net income in their entirety in the same reporting period must be presented either on the face of the statement, where net income is presented, or in the footnotes. For amounts that are not required under U.S. generally accepted accounting principles to be reclassified in their entirety to net income, entities are required to cross-reference to other disclosures that are required by U.S. generally accepted accounting principles that provide additional detail about those amounts. This guidance is effective prospectively for reporting periods beginning after December 15, 2012. The Company adopted this new guidance as of January 1, 2013 with no 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 to the Company at this time.
Benefit Reserves and Policyholder Deposits [Member]	'
Accounting Policies, by Policy (Policies) [Line Items]	'
Liability Reserve Estimate, Policy [Policy Text Block]	'
	Benefit Reserves and Policyholder Deposits: Reserves on traditional life and accident and health insurance products are calculated using the net level premium method based upon estimated future investment yields, mortality, withdrawals and other assumptions, including dividends on participating policies. The assumptions used for prior year issues are locked in. Current year issues are reserved using updated assumptions determined by reviewing the Company's past experience and include a provision for possible unfavorable deviation.
	Benefit reserves and policyholder deposits on universal life and investment-type products are determined by using the retrospective deposit method and represent the policy account value before consideration of surrender charges. In addition, unearned revenues are included as a part of the benefit reserve.
	The mortality assumptions for regular ordinary business are based on the 1955-60 Basic Table, Select and Ultimate, for plans issued prior to 1982; the 1965-70 Basic Table, Select and Ultimate, for plans issued in 1982 through 1984; the 1975-80 Basic Table, Select and Ultimate, for plans issued after 1984; the 2001 Valuation Basic Table, Select and Ultimate, for plans issued after 2008; and on the Company's experience for final expense and preneed plans.
Unearned Premium Reserves [Member]	'
Accounting Policies, by Policy (Policies) [Line Items]	'
Liability Reserve Estimate, Policy [Policy Text Block]	'
	Unearned Premium Reserves: Credit life unearned premium reserves are calculated for level and reducing coverage certificates using the monthly pro rata and Rule of 78's methods, respectively. Credit accident and health unearned premium reserves are determined based upon the Rule of 78's.

Note_2_Investments_Tables

Note 2 - Investments (Tables)	12 Months Ended
	Dec. 31, 2013
Investments Disclosure [Abstract]	'
Schedule of Available-for-sale Securities Reconciliation [Table Text Block]	'
	2013	Amortized Cost			Gross Unrealized Gains			Gross Unrealized Losses		Fair Value
	Available-for-sale securities:
	U.S. government obligations	$	34,485,660		$	793,701		$	703,570	$	34,575,791
	States and political subdivisions		39,910,030			3,145,632			60,898		42,994,764
	Corporate		217,659,449			12,535,411			2,251,886		227,942,974
	Foreign		56,960,366			2,081,436			1,395,450		57,646,352
	Asset-backed securities		2,677,953			109,417			-		2,787,370
	Mortgage-backed securities (MBS):
	Commercial MBS		4,252,765			160,955			-		4,413,720
	Residential MBS		46,449,968			1,443,228			345,062		47,548,134
	Total fixed maturity securities	$	402,396,191		$	20,269,780		$	4,756,866	$	417,909,105
	Equity securities:
	U.S. agencies		687,000			-			-		687,000
	Mutual funds		318,283			1,356			-		319,639
	Corporate common stock		4,883,078			422,880			494,264		4,811,694
	Total equity securities		5,888,361			424,236			494,264		5,818,333
	Total	$	408,284,552		$	20,694,016		$	5,251,130	$	423,727,438
	2012	Amortized Cost			Gross Unrealized Gains			Gross Unrealized Losses		Fair Value
	Available-for-sale securities:
	U.S. government obligations	$	47,634,952		$	4,263,920		$	-	$	51,898,872
	States and political subdivisions		46,323,487			7,522,997			-		53,846,484
	Corporate		207,553,209			23,818,640			93,765		231,278,084
	Foreign		50,000,420			4,748,130			11,680		54,736,870
	Asset-backed securities		4,460,090			289,373			529		4,748,934
	Mortgage-backed securities (MBS):
	Commercial MBS		6,429,641			407,386			-		6,837,027
	Residential MBS		31,968,578			3,008,564			-		34,977,142
	Total fixed maturity securities	$	394,370,377		$	44,059,010		$	105,974	$	438,323,413
	Equity securities:
	U.S. agencies		681,300			-			-		681,300
	Mutual funds		318,283			3,054			-		321,337
	Corporate common stock		117,468			266,532			-		384,000
	Total equity securities		1,117,051			269,586			-		1,386,637
	Total	$	395,487,428		$	44,328,596		$	105,974	$	439,710,050
Schedule of Unrealized Loss on Investments [Table Text Block]	'
		31-Dec-13								31-Dec-12
					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	$	17,401,555		$	703,570			3	$	-	$	-		-
	States and political subdivisions		1,239,103			60,898			2		-		-		-
	Corporate		56,249,758			2,076,123			37		4,648,363		88,805		5
	Foreign		26,858,417			1,395,450			15		988,320		11,680		1
	Residential MBS		18,187,588			345,062			4		-		-		-
	Greater than 12 months:
	Corporate		1,072,341			175,763			1		243,040		4,960		1
	Asset-backed securities		-			-			-		59,097		529		1
	Total fixed maturities		121,008,762			4,756,866			62		5,938,820		105,974		8
	Equities:
	Less than 12 months:
	Corporate common stock		2,806,072			494,264			24		-		-		-
	Total equities		2,806,072			494,264			24		-		-		-
	Total	$	123,814,834		$	5,251,130			86	$	5,938,820	$	105,974		8
Unrealized Gain (Loss) on Investments [Table Text Block]	'
		31-Dec
		2013			2012
	Net unrealized appreciation on available-for sale securities	$	15,442,886		$	44,222,622
	Adjustment to deferred acquisition costs		(418,419	)		(1,312,922	)
	Deferred income taxes		(5,108,319	)		(14,821,597	)
	Net unrealized appreciation on available-for sale securities	$	9,916,148		$	28,088,103
Investments Classified by Contractual Maturity Date [Table Text Block]	'
		Available-for-Sale
		Amortized			Fair
		Cost			Value
	Due in one year or less	$	2,819,416		$	2,843,138
	Due after one year through five years		68,576,706			75,405,769
	Due after five years through ten years		192,354,594			197,155,814
	Due after ten years		54,607,179			57,256,557
	Due at multiple maturity dates		84,038,296			85,247,827
	Total	$	402,396,191		$	417,909,105
Realized Gain (Loss) on Investments [Table Text Block]	'
		2013			2012
	Proceeds from sales and maturities	$	94,899,207		$	34,186,233
	Gross realized gains		2,613,961			513,989
	Gross realized losses		(114,450	)		(29,176	)
Realized and Unrealized Gains (Losses) on Investments [Table Text Block]	'
		2013			2012
	Change in unrealized investment gains (losses):
	Available-for-sale:
	Fixed maturities	$	(28,440,122	)	$	12,102,159
	Equity securities		(339,614	)		(6,876	)
	Realized investment gains (losses):
	Available-for-sale:
	Fixed maturities	$	2,505,340		$	362,837
	Equity securities		(5,829	)		121,976
Schedule of Mortgage Loans on Real Estate [Table Text Block]	'
		31-Dec
		2013			2012
	Kentucky	$	3,740,272		$	2,987,588
	Florida		2,622,740			3,039,200
	Texas		2,432,643			2,283,924
	Georgia		2,339,300			2,437,932
	Ohio		1,599,450			1,679,868
	Tennessee		1,203,184			1,184,954
	California		942,036			-
	North Carolina		589,779			524,036
	Illinois		540,634			554,971
	Arizona		506,134			530,657
	West Virginia		467,480			494,643
	Alabama		395,065			413,631
	Massachusetts		283,341			-
	New Jersey		258,239			-
	South Carolina		250,826			270,303
	Colorado		230,782			-
	Idaho		188,882			202,476
	Indiana		10,935			16,107
	Total	$	18,601,722		$	16,620,290
State Guaranteed Receivables, Classified by Contractual Maturity Date [Table Text Block]	'
		State-Guaranteed Receivables
		Amortized			Fair
		Cost			Value
	Due in one year or less	$	704,917		$	708,224
	Due after one year through five years		2,492,672			2,650,340
	Due after five years through ten years		2,909,367			3,432,024
	Due after ten years		1,978,151			2,602,072
	Total	$	8,085,107		$	9,392,660
Schedule Of Payments On State Guaranteed Receivables By State [Table Text Block]	'
		31-Dec
		2013			2012
	New York	$	3,880,368		$	3,973,862
	Massachusetts		1,927,350			2,709,704
	Georgia		1,500,719			659,540
	Pennsylvania		284,756			270,657
	California		195,593			202,563
	Texas		212,447			198,260
	Ohio		83,874			97,083
	Total	$	8,085,107		$	8,111,669
Investment Income [Table Text Block]	'
		2013			2012
	Fixed maturities	$	19,254,558		$	19,456,710
	Equity securities		169,784			58,972
	Mortgage loans on real estate		1,109,776			1,317,826
	Policy loans		478,750			489,824
	State-guaranteed receivables		568,978			487,070
	Gain (loss) on investment in derivative		2,400			(110,100	)
	Other		229,825			116,380
	Gross investment income	$	21,814,071		$	21,816,682
	Investment expenses		1,152,929			1,090,415
	Net investment income	$	20,661,142		$	20,726,267

Note_3_Fair_Values_of_Financia1

Note 3 - Fair Values of Financial Instruments (Tables)	12 Months Ended
	Dec. 31, 2013
Fair Value Disclosures [Abstract]	'
Fair Value, Assets Measured on Recurring Basis [Table Text Block]	'
		31-Dec-13
		Level 1			Level 2		Level 3			Total
	Fixed maturities:
	U.S. government obligations	$	-		$	34,575,791	$	-		$	34,575,791
	States and political subdivisions		-			42,994,764		-			42,994,764
	Corporate		-			227,942,974		-			227,942,974
	Foreign		-			57,646,352		-			57,646,352
	Asset-backed securities		-			2,787,370		-			2,787,370
	Mortgage-backed securities:
	Commercial MBS		-			4,413,720		-			4,413,720
	Residential MBS		-			47,548,134		-			47,548,134
	Total fixed maturities	$	-		$	417,909,105	$	-		$	417,909,105
	Equity securities:
	U.S. agencies	$	687,000		$	-	$	-		$	687,000
	Mutual funds		319,639			-		-			319,639
	Corporate common stock		4,427,694			-		384,000			4,811,694
	Total equity securities	$	5,434,333		$	-	$	384,000		$	5,818,333
		31-Dec-12
		Level 1			Level 2		Level 3			Total
	Fixed maturities:
	U.S. government obligations	$	-		$	51,898,872	$	-		$	51,898,872
	States and political subdivisions		-			53,846,484		-			53,846,484
	Corporate		-			227,443,614		3,834,470			231,278,084
	Foreign		-			54,736,870		-			54,736,870
	Asset-backed securities		-			4,748,934		-			4,748,934
	Mortgage-backed securities:
	Commercial MBS		-			6,837,027		-			6,837,027
	Residential MBS		-			34,977,142		-			34,977,142
	Total fixed maturities	$	-		$	434,488,943	$	3,834,470		$	438,323,413
	Equity securities:
	U.S. agencies	$	681,300		$	-	$	-		$	681,300
	Mutual funds		321,337			-		-			321,337
	Corporate common stock		-			-		384,000			384,000
	Total equity securities	$	1,002,637		$	-	$	384,000		$	1,386,637
	Investment in derivative	$	-		$	-	$	642,600		$	642,600
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]	'
		Year Ended December 31, 2013
					Corporate		Investment
					Common		in
		Corporate			Stock		Derivative			Total
	Beginning balance	$	3,834,470		$	384,000	$	642,600		$	4,861,070
	Transfers into Level 3		-			-		-			-
	Transfers out of Level 3		(3,834,470	)		-		-			(3,834,470	)
	Purchases		-			-		-			-
	Sales		-			-		(645,000	)		(645,000	)
	Total gains or losses:
	Included in earnings		-			-		2,400			2,400
	Included in other comprehensive loss		-			-		-			-
	Ending balance	$	-		$	384,000	$	-		$	384,000
		Year Ended December 31, 2012
					Corporate		Investment
					Common		in
		Corporate			Stock		Derivative			Total
	Beginning balance	$	2,133,079		$	352,000	$	752,700		$	3,237,779
	Transfers into Level 3		-			-		-			-
	Transfers out of Level 3		-			-		-			-
	Purchases		1,748,750			-		-			1,748,750
	Sales		(102,137	)		-		-			(102,137	)
	Total gains or losses:
	Included in earnings		-			-		(110,100	)		(110,100	)
	Included in other comprehensive income		54,778			32,000		-			86,778
	Ending balance	$	3,834,470		$	384,000	$	642,600		$	4,861,070
Fair Value, by Balance Sheet Grouping [Table Text Block]	'
		31-Dec-13
		Carrying			Fair
		Amount			Value		Level 1			Level 2			Level 3
	Assets:
	Mortgage loans on real estate:
	Commercial	$	15,478,188		$	16,128,845	$	-		$	16,128,845		$	-
	Residential		3,123,534			3,273,306		-			3,273,306			-
	Policy loans		6,674,887			6,674,887		-			-			6,674,887
	State-guaranteed receivables		8,085,107			9,392,660		-			9,392,660			-
	Other invested assets		3,181,182			3,181,182		-			-			3,181,182
	Cash and cash equivalents		4,143,291			4,143,291		4,143,291			-			-
	Accrued investment income		5,191,253			5,191,253		-			-			5,191,253
	Cash value of company-owned life insurance		11,808,248			11,808,248		-			-			11,808,248
	Liabilities:
	Policyholder deposits (Investment-type contracts)		53,476,853			53,396,538		-			-			53,396,538
	Policy claims		3,672,474			3,672,474		-			-			3,672,474
	Obligations under capital leases		943,488			943,488		-			-			943,488
	Notes payable		3,031,942			3,033,122		-			-			3,033,122
		31-Dec-12
		Carrying			Fair
		Amount			Value		Level 1			Level 2			Level 3
	Assets:
	Mortgage loans on real estate:
	Commercial	$	16,604,183		$	17,365,363	$	-		$	17,365,363		$	-
	Residential		16,107			18,068		-			18,068			-
	Policy loans		6,781,751			6,781,751		-			-			6,781,751
	State-guaranteed receivables		8,111,669			10,186,226		-			10,186,226			-
	Other invested assets		3,420,189			3,420,189		-			-			3,420,189
	Cash and cash equivalents		6,009,905			6,009,905		6,009,905			-			-
	Accrued investment income		5,163,783			5,163,783		-			-			5,163,783
	Cash value of company-owned life insurance		10,844,489			10,844,489		-			-			10,844,489
	Liabilities:
	Policyholder deposits (Investment-type contracts)		54,602,229			58,704,154		-			-			58,704,154
	Policy claims		1,894,727			1,894,727		-			-			1,894,727
	Obligations under capital leases		568,214			568,214		-			-			568,214
	Notes payable		3,478,613			3,485,503		-			-			3,485,503

Note_4_Federal_Income_Taxes_Ta

Note 4 - Federal Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2013
Income Tax Disclosure [Abstract]	'
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]	'
		2013			2012
	Deferred tax liabilities:
	Policy acquisition costs	$	3,452,732		$	3,117,299
	Net unrealized gain on available-for-sale securities		5,108,319			14,821,597
	Due premiums		1,145,646			1,164,289
	Other		889,576			904,492
	Total deferred tax liabilities	$	10,596,273		$	20,007,677
	Deferred tax assets:
	Benefit reserves	$	3,540,549		$	3,167,947
	Other policyholder funds		474,581			348,010
	AMT credit carryforwards		501,101			543,033
	Accrued pension liability		981,867			2,451,916
	Other		493,284			307,293
	Total deferred tax assets	$	5,991,382		$	6,818,199
	Net deferred tax liabilities	$	4,604,891		$	13,189,478
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	'
		2013			2012
	Statutory federal income tax rate		34	%		34	%
	Small life insurance company deduction		(18.0	)		(28.2	)
	Dividends-received deduction		(1.2	)		(0.9	)
	Defined contribution plan dividend		(1.4	)		(1.3	)
	Nondeductible COLI expense		(4.9	)		(4.6	)
	Nondeductible travel & meals expense		0.8			0.8
	Implied interest on structured note		-			2
	True-up of provision to actual		1.7			(0.1	)
	Other		4.6			(1.9	)
	Effective income tax rate		15.6	%		(0.2	)%

Note_5_Notes_Payable_Tables

Note 5 - Notes Payable (Tables)	12 Months Ended
	Dec. 31, 2013
Debt Disclosure [Abstract]	'
Schedule of Debt [Table Text Block]	'
	2013	Outstanding		Current			Maturity	Interest		Interest
		Principal		Interest Rate			Date	Expense		Paid
	Mortgage note	$	562,910		5.05	%	3/1/15	$	38,365	$	40,155
	At Need Funding line of credit		506,240		3.25	%	9/25/15		16,555		16,555
	Bank note		1,962,792		3	%	11/5/17		60,188		55,289
	2012	Outstanding		Current			Maturity	Interest		Interest
		Principal		Interest Rate			Date	Expense		Paid
	Mortgage note	$	988,393		5.05	%	3/1/15	$	59,363	$	61,066
	At Need Funding line of credit		490,220		3.25	%	9/29/13		8,298		8,320
	Bank note		2,000,000		3	%	11/5/17		9,333		-

Note_6_Employee_Benefit_Plans_

Note 6 - Employee Benefit Plans (Tables)	12 Months Ended
	Dec. 31, 2013
Compensation and Retirement Disclosure [Abstract]	'
Schedule of Defined Benefit Plans Disclosures [Table Text Block]	'
		2013			2012
	Change in projected benefit obligation:
	Benefit obligation at beginning of year	$	23,872,644		$	24,098,408
	Service cost		-			293,544
	Interest cost		668,720			1,010,630
	Actuarial (gain) loss		32,453			(439,475	)
	Benefits paid		(650,734	)		(953,328	)
	Change in discount rate		(2,607,483	)		1,623,488
	Curtailment		-			(1,760,623	)
	Benefit obligation at end of year	$	21,315,600		$	23,872,644
	Change in plan assets:
	Fair value of plan assets at beginning of year	$	16,661,125		$	14,551,370
	Actual return on plan assets		1,457,366			1,571,883
	Employer contributions		960,000			1,491,200
	Benefits paid		(650,734	)		(953,328	)
	Fair value of plan assets at end of year	$	18,427,757		$	16,661,125
	Funded status	$	(2,887,843	)	$	(7,211,519	)
	Unrecognized net actuarial loss		4,794,177			8,406,635
	Net amount recognized as prepaid benefit cost	$	1,906,334		$	1,195,116
	Components of net periodic benefit cost:
	Service cost	$	-		$	293,544
	Interest cost		668,720			1,010,630
	Expected return on plan assets		(1,192,584	)		(1,272,898	)
	Recognized actuarial net loss		772,646			913,378
	Net periodic benefit cost	$	248,782		$	944,654
	Accumulated benefit obligation	$	21,315,600		$	23,872,644
Schedule of Assumptions Used [Table Text Block]	'
		31-Dec
		2013			2012
	Discount rate		5	%		4	%
	Expected return on plan assets		7	%		8.5	%
Schedule of Changes in Fair Value of Plan Assets [Table Text Block]	'
		31-Dec
		2013			2012
	Pooled separate accounts	$	17,778,307		$	16,113,355
	Company common stock - 31,000 shares		649,450			547,770
Schedule of Allocation of Plan Assets [Table Text Block]	'
		31-Dec
		2013			2012
	Equity pooled separate accounts		35	%		48	%
	Debt pooled separate accounts		61	%		49	%
	Company common stock		4	%		3	%
Schedule of Expected Benefit Payments [Table Text Block]	'
					Pension Benefits
	2014				$	2,601,000
	2015					1,418,000
	2016					1,665,000
	2017					1,299,000
	2018					1,275,000
	2019-2023					7,225,000
Defined Contributions Schedule [Table Text Block]	'
		31-Dec
		2013			2012
	Old 401(k) Plan
	Company common stock:
	Shares held		331,559			345,145
	Fair value	$	6,863,275		$	6,098,714
	Retirement Plan
	Mutual funds - fair value	$	1,635,830		$	844,941
		For the Year Ended December 31
		2013			2012
	Old 401(k) Plan
	Employer contributions	$	-		$	133,970
	Dividends on Company stock		86,286			79,621
	Retirement Plan
	Employer contributions	$	316,206		$	88,654
Deferred Compensation Arrangement with Individual Disclosure, Postretirement Benefits [Table Text Block]	'
		31-Dec
		2013			2012
	Company common stock:
	Shares held		20,820			20,881
	Fair value	$	430,984		$	368,976
	Mutual funds - fair value		69,136			13,939
	Cash and cash equivalents		3,486			5,012
		For the Year Ended December 31
		2013			2012
	Employer contributions	$	24,978		$	18,212
	Dividends on Company stock		5,220			4,659

Note_9_Segment_Data_Tables

Note 9 - Segment Data (Tables)	12 Months Ended
	Dec. 31, 2013
Segment Reporting [Abstract]	'
Schedule of Segment Reporting Information, by Segment [Table Text Block]	'
		2013		2012
		(000's omitted)
	Revenue:
	Preneed and burial products	$	49,457	$	48,863
	Traditional and universal life products		28,650		19,336
	Administrative and financial services		1,215		1,491
	Corporate and other		798		740
		$	80,120	$	70,430
	Pre-tax income (loss) from operations:
	Preneed and burial products	$	816	$	993
	Traditional and universal life products		968		921
	Administrative and financial services		306		366
	Corporate and other		37		(185	)
		$	2,127	$	2,095
	Assets:
	Preneed and burial products	$	375,905	$	378,142
	Traditional and universal life products		109,777		91,142
	Administrative and financial services		9,937		10,757
	Corporate and other		67,990		95,965
		$	563,609	$	576,006
	Amortization and depreciation expense:
	Preneed and burial products	$	5,866	$	5,427
	Traditional and universal life products		1,726		3,223
	Administrative and financial services		264		213
	Corporate and other		360		313
		$	8,216	$	9,176

Note_10_Reinsurance_Tables

Note 10 - Reinsurance (Tables)	12 Months Ended
	Dec. 31, 2013
Reinsurance Disclosures [Abstract]	'
Schedule of Reinsurance Ceded and Assumed [Table Text Block]	'
		2013		2012
	Premiums ceded	$	14,105,855	$	19,997,026
	Premiums assumed		10,044,766		3,834,907
	Commission and expense allowances		3,238,144		4,596,452
	Benefit recoveries		8,157,180		7,288,897

Note_11_Other_Comprehensive_In1

Note 11 - Other Comprehensive Income (Tables)	12 Months Ended
	Dec. 31, 2013
Disclosure Text Block [Abstract]	'
Comprehensive Income (Loss) [Table Text Block]	'
		Year Ended December 31, 2013
					Income Tax
					Expense
		Pretax			(Benefit)			Net of Tax
	Other comprehensive loss:
	Change in net unrealized gains (losses) on available-for-sale securities:
	Unrealized holding gains (losses) arising during period	$	(26,280,225	)	$	(9,697,464	)	$	(16,582,761	)
	Reclassification adjustment for gains included in income		(2,499,511	)		(319,944	)		(2,179,567	)
	Adjustment for effect of deferred acquisition costs		894,503			304,130			590,373
	Net unrealized gains (losses) on investments		(27,885,233	)		(9,713,278	)		(18,171,955	)
	Change in defined benefit pension plan:
	Actuarial net gain on pension plan		2,839,812			965,536			1,874,276
	Amortization of actuarial net loss in net periodic pension cost		772,646			262,700			509,946
	Net change in defined benefit pension plan		3,612,458			1,228,236			2,384,222
	Total other comprehensive loss	$	(24,272,775	)	$	(8,485,042	)	$	(15,787,733	)
		Year Ended December 31, 2012
					Income Tax
					Expense
		Pretax			(Benefit)			Net of Tax
	Other comprehensive income:
	Change in net unrealized gains on available-for-sale securities:
	Unrealized holding gains arising during period	$	12,580,096		$	4,219,487		$	8,360,609
	Reclassification adjustment for gains included in income		(484,813	)		(92,394	)		(392,419	)
	Adjustment for effect of deferred acquisition costs		(325,260	)		(110,588	)		(214,672	)
	Net unrealized gains on investments		11,770,023			4,016,505			7,753,518
	Change in defined benefit pension plan:
	Actuarial net loss on pension plan		(885,028	)		(300,910	)		(584,118	)
	Amortization of actuarial net loss in net periodic pension cost		913,378			310,549			602,829
	Curtailment of defined benefit pension plan		1,760,623			598,612			1,162,011
	Net change in defined benefit pension plan		1,788,973			608,251			1,180,722
	Total other comprehensive income	$	13,558,996		$	4,624,756		$	8,934,240
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]	'
		Unrealized Gains			Defined			Accumulated
		(Losses) on			Benefit			Other
		Available-For-Sale			Pension			Comprehensive
		Securities			Plans			Income
	For the year ended December 31, 2013:
	Beginning balance	$	28,088,103		$	(5,548,379	)	$	22,539,724
	Other comprehensive loss before reclassifications		(15,992,388	)		1,874,276			(14,118,112	)
	Amounts reclassified from accumulated other comprehensive income		(2,179,567	)		509,946			(1,669,621	)
	Net current period other comprehensive income (loss)		(18,171,955	)		2,384,222			(15,787,733	)
	Ending balance	$	9,916,148		$	(3,164,157	)	$	6,751,991
	For the year ended December 31, 2012:
	Beginning balance	$	20,334,585		$	(6,729,101	)	$	13,605,484
	Other comprehensive income before reclassifications		8,145,937			577,893			8,723,830
	Amounts reclassified from accumulated other comprehensive income		(392,419	)		602,829			210,410
	Net current period other comprehensive income		7,753,518			1,180,722			8,934,240
	Ending balance	$	28,088,103		$	(5,548,379	)	$	22,539,724
Schedule of Amounts Recognized in Other Comprehensive Income (Loss) [Table Text Block]	'
		Year Ended December 31,
	Reclassification Adjustments	2013			2012
	Unrealized gains on available-for-sale securities:
	Realized gains on sale of securities (a)	$	2,499,511		$	484,813
	Income tax expense (c)		(319,944	)		(92,394	)
	Net of tax		2,179,567			392,419
	Defined benefit pension plans:
	Amortization of actuarial net loss (b)		(772,646	)		(913,378	)
	Income tax benefit (c)		262,700			310,549
	Net of tax		(509,946	)		(602,829	)
	Total reclassifications for the period	$	1,669,621		$	(210,410	)

Note_1_Nature_of_Operations_an1

Note 1 - Nature of Operations and Accounting Policies (Details) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Note 1 - Nature of Operations and Accounting Policies (Details) [Line Items]	'	'
Percent of Revenue	99.00%	'
Amortization of Value of Business Acquired (VOBA)	$127,611	$161,095
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment	3,728,657	4,141,343
Capital Leased Assets, Number of Units, New During Period	4	'
Capital Lease Obligations Incurred	752,861	'
Repayments of Long-term Capital Lease Obligations	352,775	256,579
Capital Leases, Future Minimum Payments Due, Next Twelve Months	479,109	'
Capital Leases, Future Minimum Payments Due in Two Years	327,599	'
Capital Leases, Future Minimum Payments Due in Three Years	252,845	'
Capital Leases, Future Minimum Payments Due in Four Years	2,728	'
Capital Leases, Future Minimum Payments Due in Five Years	0	'
Capital Lease Obligations	943,488	568,214
Capital Leases, Future Minimum Payments Due	1,062,281	'
Capital Leases, Future Minimum Payments, Interest Included in Payments	118,793	'
Reinsurance Recoverables	55,669,088	53,797,125
Policy Claims Liability, Estimate of Outstanding Claims	1,679,764	'
Participating Policies as Percentage of Gross Insurance in Force	17.00%	17.00%
Participating Policies As Percentage of Net Premiums	3.00%	4.00%
Liability for Future Policy Benefit by Product Segment, Interest Rate, Year of Issue	3.00%	'
Investment Yields Used for Expected Gross Profits	5.00%	'
Common Stock, Par or Stated Value Per Share (in Dollars per share)	$1	'
Common Stock, Shares Authorized (in Shares)	4,000,000	'
Weighted Average Number of Shares Outstanding, Basic (in Shares)	1,137,156	1,152,438
Common Stock, Dividends, Per Share, Cash Paid (in Dollars per share)	$0.25	$0.23
Leasehold Improvements [Member]	'	'
Note 1 - Nature of Operations and Accounting Policies (Details) [Line Items]	'	'
Sale Leaseback Transaction, Net Book Value	670,048	'
Sale Leaseback Transaction, Monthly Rental Payments	21,863	'
Assets Held under Capital Leases [Member]	'	'
Note 1 - Nature of Operations and Accounting Policies (Details) [Line Items]	'	'
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment	586,237	280,367
Reserves Ceded to Reinsurers [Member]	'	'
Note 1 - Nature of Operations and Accounting Policies (Details) [Line Items]	'	'
Reinsurance Recoverables	54,256,096	52,944,370
Insurance Contracts Acquired in Business Combination [Member]	'	'
Note 1 - Nature of Operations and Accounting Policies (Details) [Line Items]	'	'
Finite-Lived Intangible Assets, Accumulated Amortization	535,300	407,689
Finite-Lived Intangible Assets, Amortization Expense, Next Twelve Months	85,000	'
Finite-Lived Intangible Assets, Amortization Expense, Year Two	76,000	'
Finite-Lived Intangible Assets, Amortization Expense, Year Three	70,000	'
Finite-Lived Intangible Assets, Amortization Expense, Year Four	63,000	'
Finite-Lived Intangible Assets, Amortization Expense, Year Five	$44,000	'
Maximum [Member]	'	'
Note 1 - Nature of Operations and Accounting Policies (Details) [Line Items]	'	'
Short-term Investments, Maturity Date, Term	'1 year	'
Cash and Cash Equivalents, Maturity, Term	'3 months	'
Investment Yields Used for Expected Gross Profits	9.17%	'
Minimum [Member]	'	'
Note 1 - Nature of Operations and Accounting Policies (Details) [Line Items]	'	'
Short-term Investments, Maturity Date, Term	'3 months	'
Investment Yields Used for Expected Gross Profits	3.56%	'

Note_2_Investments_Details

Note 2 - Investments (Details) (USD $)	3 Months Ended	12 Months Ended
	Sep. 30, 2013	Dec. 31, 2013	Dec. 31, 2012	Jun. 30, 2013
Note 2 - Investments (Details) [Line Items]	'	'	'	'
Restricted Cash and Investments	'	$25,209,390	$26,169,953	'
Payments to Acquire Mortgage Notes Receivable	'	3,637,086	2,165,000	'
Real Estate Investment Property, Net	'	575,114	614,578	'
Real Estate Investment Property, Accumulated Depreciation	'	536,565	497,101	'
Market Indexed Note	'	'	'	3,000,000
Market Indexed Note, Interest Rate	'	'	'	1.00%
Market Indexed Note, Term	'	'	'	'6 years
Market Indexed Note, Participation	'	'	'	110.00%
Derivative Cost Basis	'	'	'	645,000
Percent of Total Value	'	'	'	21.50%
Proceeds From Sale of Market Indexed Note	3,918,083	'	'	'
Gain (Loss) on Sale of Market Index Note	918,083	'	'	'
Commercial Mortgage [Member]	'	'	'	'
Note 2 - Investments (Details) [Line Items]	'	'	'	'
Mortgage Loans on Real Estate, Percent of Total	'	83.20%	99.90%	'
Commercial Mortgage [Member] | Maximum [Member]	'	'	'	'
Note 2 - Investments (Details) [Line Items]	'	'	'	'
Loan to Value Ratio	'	80.00%	'	'
Commercial Mortgage [Member] | Minimum [Member]	'	'	'	'
Note 2 - Investments (Details) [Line Items]	'	'	'	'
Debt Service Coverage From Existing Cash Flows	'	115.00%	'	'
Farmers Bank Capital Corporation [Member]	'	'	'	'
Note 2 - Investments (Details) [Line Items]	'	'	'	'
Gain (Loss) on Sale of Investments	'	'	121,976	'
Building [Member]	'	'	'	'
Note 2 - Investments (Details) [Line Items]	'	'	'	'
Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property	'	14,006	'	'
Residential Mortgage [Member]	'	'	'	'
Note 2 - Investments (Details) [Line Items]	'	'	'	'
Payments to Acquire Mortgage Notes Receivable	'	$2,116,000	'	'
Fixed Maturities [Member]	'	'	'	'
Note 2 - Investments (Details) [Line Items]	'	'	'	'
Minimum Fair Value to Cost Ratio	'	84.00%	96.00%	'
Equity Securities [Member]	'	'	'	'
Note 2 - Investments (Details) [Line Items]	'	'	'	'
Minimum Fair Value to Cost Ratio	'	70.00%	100.00%	'

Note_2_Investments_Details_Ava

Note 2 - Investments (Details) - Available-for-sale Securities (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Note 2 - Investments (Details) - Available-for-sale Securities [Line Items]	'	'
Gross Unrealized Gains	$20,694,016	$44,328,596
Gross Unrealized Losses	5,251,130	105,974
Fair Value	423,727,438	439,710,050
Amortized Cost	408,284,552	395,487,428
US Government Agencies Debt Securities [Member]	'	'
Note 2 - Investments (Details) - Available-for-sale Securities [Line Items]	'	'
Amortized Cost	34,485,660	47,634,952
Gross Unrealized Gains	793,701	4,263,920
Gross Unrealized Losses	703,570	'
Fair Value	34,575,791	51,898,872
US States and Political Subdivisions Debt Securities [Member]	'	'
Note 2 - Investments (Details) - Available-for-sale Securities [Line Items]	'	'
Amortized Cost	39,910,030	46,323,487
Gross Unrealized Gains	3,145,632	7,522,997
Gross Unrealized Losses	60,898	'
Fair Value	42,994,764	53,846,484
Corporate Debt Securities [Member]	'	'
Note 2 - Investments (Details) - Available-for-sale Securities [Line Items]	'	'
Amortized Cost	217,659,449	207,553,209
Gross Unrealized Gains	12,535,411	23,818,640
Gross Unrealized Losses	2,251,886	93,765
Fair Value	227,942,974	231,278,084
Foreign [Member]	'	'
Note 2 - Investments (Details) - Available-for-sale Securities [Line Items]	'	'
Amortized Cost	56,960,366	50,000,420
Gross Unrealized Gains	2,081,436	4,748,130
Gross Unrealized Losses	1,395,450	11,680
Fair Value	57,646,352	54,736,870
Asset-backed Securities [Member]	'	'
Note 2 - Investments (Details) - Available-for-sale Securities [Line Items]	'	'
Amortized Cost	2,677,953	4,460,090
Gross Unrealized Gains	109,417	289,373
Gross Unrealized Losses	'	529
Fair Value	2,787,370	4,748,934
Commercial Mortgage Backed Securities [Member]	'	'
Note 2 - Investments (Details) - Available-for-sale Securities [Line Items]	'	'
Amortized Cost	4,252,765	6,429,641
Gross Unrealized Gains	160,955	407,386
Fair Value	4,413,720	6,837,027
Residential Mortgage Backed Securities [Member]	'	'
Note 2 - Investments (Details) - Available-for-sale Securities [Line Items]	'	'
Amortized Cost	46,449,968	31,968,578
Gross Unrealized Gains	1,443,228	3,008,564
Gross Unrealized Losses	345,062	'
Fair Value	47,548,134	34,977,142
Debt Securities [Member]	'	'
Note 2 - Investments (Details) - Available-for-sale Securities [Line Items]	'	'
Amortized Cost	402,396,191	394,370,377
Gross Unrealized Gains	20,269,780	44,059,010
Gross Unrealized Losses	4,756,866	105,974
Fair Value	417,909,105	438,323,413
Amortized Cost	402,396,191	394,370,377
US Agencies [Member]	'	'
Note 2 - Investments (Details) - Available-for-sale Securities [Line Items]	'	'
Fair Value	687,000	681,300
Amortized Cost	687,000	681,300
Mutual Funds [Member]	'	'
Note 2 - Investments (Details) - Available-for-sale Securities [Line Items]	'	'
Gross Unrealized Gains	1,356	3,054
Fair Value	319,639	321,337
Amortized Cost	318,283	318,283
Common Stock [Member]	'	'
Note 2 - Investments (Details) - Available-for-sale Securities [Line Items]	'	'
Gross Unrealized Gains	422,880	266,532
Gross Unrealized Losses	494,264	'
Fair Value	4,811,694	384,000
Amortized Cost	4,883,078	117,468
Equity Securities [Member]	'	'
Note 2 - Investments (Details) - Available-for-sale Securities [Line Items]	'	'
Gross Unrealized Gains	424,236	269,586
Gross Unrealized Losses	494,264	'
Fair Value	5,818,333	1,386,637
Amortized Cost	5,888,361	1,117,051
Amortized Cost	$5,888,361	$1,117,051

Note_2_Investments_Details_Sec

Note 2 - Investments (Details) - Securities in an Unrealized Loss Position (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Greater than 12 months:	'	'
Estimated fair value	$123,814,834	$5,938,820
Gross unrealized loss	5,251,130	105,974
Number of securities	86	8
US Government Agencies Debt Securities [Member]	'	'
Less than 12 months:	'	'
Estimated fair value, less than 12 months	17,401,555	'
Gross unrealized loss, less than 12 months	703,570	'
Number of securities, less than 12 months	3	'
US States and Political Subdivisions Debt Securities [Member]	'	'
Less than 12 months:	'	'
Estimated fair value, less than 12 months	1,239,103	'
Gross unrealized loss, less than 12 months	60,898	'
Number of securities, less than 12 months	2	'
Corporate Debt Securities [Member]	'	'
Less than 12 months:	'	'
Estimated fair value, less than 12 months	56,249,758	4,648,363
Gross unrealized loss, less than 12 months	2,076,123	88,805
Number of securities, less than 12 months	37	5
Greater than 12 months:	'	'
Estimated fair value, greater than 12 months	1,072,341	243,040
Gross unrealized loss, greater than 12 months	175,763	4,960
Number of securities, greater than 12 months	1	1
Foreign [Member]	'	'
Less than 12 months:	'	'
Estimated fair value, less than 12 months	26,858,417	988,320
Gross unrealized loss, less than 12 months	1,395,450	11,680
Number of securities, less than 12 months	15	1
Residential Mortgage Backed Securities [Member]	'	'
Less than 12 months:	'	'
Estimated fair value, less than 12 months	18,187,588	'
Gross unrealized loss, less than 12 months	345,062	'
Number of securities, less than 12 months	4	'
Asset-backed Securities [Member]	'	'
Greater than 12 months:	'	'
Estimated fair value, greater than 12 months	'	59,097
Gross unrealized loss, greater than 12 months	'	529
Number of securities, greater than 12 months	'	1
Debt Securities [Member]	'	'
Greater than 12 months:	'	'
Estimated fair value	121,008,762	5,938,820
Gross unrealized loss	4,756,866	105,974
Number of securities	62	8
Common Stock [Member]	'	'
Less than 12 months:	'	'
Estimated fair value, less than 12 months	2,806,072	'
Gross unrealized loss, less than 12 months	494,264	'
Number of securities, less than 12 months	24	'
Equity Securities [Member]	'	'
Greater than 12 months:	'	'
Estimated fair value	2,806,072	'
Gross unrealized loss	$494,264	'
Number of securities	24	'

Note_2_Investments_Details_Net

Note 2 - Investments (Details) - Net Unrealized Gains for Investments Classified as Available-for-sale (USD $)	Dec. 31, 2013	Dec. 31, 2012
Net Unrealized Gains for Investments Classified as Available-for-sale [Abstract]	'	'
Net unrealized appreciation on available-for sale securities	$15,442,886	$44,222,622
Adjustment to deferred acquisition costs	-418,419	-1,312,922
Deferred income taxes	-5,108,319	-14,821,597
Net unrealized appreciation on available-for sale securities	$9,916,148	$28,088,103

Note_2_Investments_Details_Fix

Note 2 - Investments (Details) - Fixed Maturity Securities by Contractual Maturity (USD $)	Dec. 31, 2013	Dec. 31, 2012
Note 2 - Investments (Details) - Fixed Maturity Securities by Contractual Maturity [Line Items]	'	'
Total	$417,909,105	$438,323,413
All Except for State Guaranteed Receivables [Member]	'	'
Note 2 - Investments (Details) - Fixed Maturity Securities by Contractual Maturity [Line Items]	'	'
Due in one year or less	2,819,416	'
Due in one year or less	2,843,138	'
Due after one year through five years	68,576,706	'
Due after one year through five years	75,405,769	'
Due after five years through ten years	192,354,594	'
Due after five years through ten years	197,155,814	'
Due after ten years	54,607,179	'
Due after ten years	57,256,557	'
Due at multiple maturity dates	84,038,296	'
Due at multiple maturity dates	85,247,827	'
Total	402,396,191	'
Total	$417,909,105	'

Note_2_Investments_Details_Pro

Note 2 - Investments (Details) - Proceeds from Sales and Maturities of Investments in Available-for-sale (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Proceeds from Sales and Maturities of Investments in Available-for-sale [Abstract]	'	'
Proceeds from sales and maturities	$94,899,207	$34,186,233
Gross realized gains	2,613,961	513,989
Gross realized losses	($114,450)	($29,176)

Note_2_Investments_Details_Ava1

Note 2 - Investments (Details) - Available-for-sale Securities - Change in Unrealized Gains (Losses) and Realized Gains (Losses) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Debt Securities [Member]	'	'
Note 2 - Investments (Details) - Available-for-sale Securities - Change in Unrealized Gains (Losses) and Realized Gains (Losses) [Line Items]	'	'
Change in unrealized investment gains (losses)	($28,440,122)	$12,102,159
Realized investment gains (losses)	2,505,340	362,837
Equity Securities [Member]	'	'
Note 2 - Investments (Details) - Available-for-sale Securities - Change in Unrealized Gains (Losses) and Realized Gains (Losses) [Line Items]	'	'
Change in unrealized investment gains (losses)	-339,614	-6,876
Realized investment gains (losses)	($5,829)	$121,976

Note_2_Investments_Details_Mor

Note 2 - Investments (Details) - Mortgage Loans by State (USD $)	Dec. 31, 2013	Dec. 31, 2012
Note 2 - Investments (Details) - Mortgage Loans by State [Line Items]	'	'
Mortgage loans	$18,601,722	$16,620,290
KENTUCKY	'	'
Note 2 - Investments (Details) - Mortgage Loans by State [Line Items]	'	'
Mortgage loans	3,740,272	2,987,588
FLORIDA	'	'
Note 2 - Investments (Details) - Mortgage Loans by State [Line Items]	'	'
Mortgage loans	2,622,740	3,039,200
TEXAS	'	'
Note 2 - Investments (Details) - Mortgage Loans by State [Line Items]	'	'
Mortgage loans	2,432,643	2,283,924
GEORGIA	'	'
Note 2 - Investments (Details) - Mortgage Loans by State [Line Items]	'	'
Mortgage loans	2,339,300	2,437,932
OHIO	'	'
Note 2 - Investments (Details) - Mortgage Loans by State [Line Items]	'	'
Mortgage loans	1,599,450	1,679,868
TENNESSEE	'	'
Note 2 - Investments (Details) - Mortgage Loans by State [Line Items]	'	'
Mortgage loans	1,203,184	1,184,954
CALIFORNIA	'	'
Note 2 - Investments (Details) - Mortgage Loans by State [Line Items]	'	'
Mortgage loans	942,036	'
NORTH CAROLINA	'	'
Note 2 - Investments (Details) - Mortgage Loans by State [Line Items]	'	'
Mortgage loans	589,779	524,036
ILLINOIS	'	'
Note 2 - Investments (Details) - Mortgage Loans by State [Line Items]	'	'
Mortgage loans	540,634	554,971
ARIZONA	'	'
Note 2 - Investments (Details) - Mortgage Loans by State [Line Items]	'	'
Mortgage loans	506,134	530,657
WEST VIRGINIA	'	'
Note 2 - Investments (Details) - Mortgage Loans by State [Line Items]	'	'
Mortgage loans	467,480	494,643
ALABAMA	'	'
Note 2 - Investments (Details) - Mortgage Loans by State [Line Items]	'	'
Mortgage loans	395,065	413,631
MASSACHUSETTS	'	'
Note 2 - Investments (Details) - Mortgage Loans by State [Line Items]	'	'
Mortgage loans	283,341	'
NEW JERSEY	'	'
Note 2 - Investments (Details) - Mortgage Loans by State [Line Items]	'	'
Mortgage loans	258,239	'
SOUTH CAROLINA	'	'
Note 2 - Investments (Details) - Mortgage Loans by State [Line Items]	'	'
Mortgage loans	250,826	270,303
COLORADO	'	'
Note 2 - Investments (Details) - Mortgage Loans by State [Line Items]	'	'
Mortgage loans	230,782	'
IDAHO	'	'
Note 2 - Investments (Details) - Mortgage Loans by State [Line Items]	'	'
Mortgage loans	188,882	202,476
INDIANA	'	'
Note 2 - Investments (Details) - Mortgage Loans by State [Line Items]	'	'
Mortgage loans	$10,935	$16,107

Note_2_Investments_Details_Sta

Note 2 - Investments (Details) - State-guaranteed Receivables by Contractual Maturity (USD $)	Dec. 31, 2013	Dec. 31, 2012
Note 2 - Investments (Details) - State-guaranteed Receivables by Contractual Maturity [Line Items]	'	'
Total	$8,085,107	$8,111,669
Total	9,392,660	10,186,226
State-Guaranteed Receivables [Member]	'	'
Note 2 - Investments (Details) - State-guaranteed Receivables by Contractual Maturity [Line Items]	'	'
Due in one year or less	704,917	'
Due in one year or less	708,224	'
Due after one year through five years	2,492,672	'
Due after one year through five years	2,650,340	'
Due after five years through ten years	2,909,367	'
Due after five years through ten years	3,432,024	'
Due after ten years	1,978,151	'
Due after ten years	2,602,072	'
Total	8,085,107	'
Total	$9,392,660	'

Note_2_Investments_Details_Amo

Note 2 - Investments (Details) - Amortized Cost of State-guaranteed Receivables, by State (USD $)	Dec. 31, 2013	Dec. 31, 2012
Note 2 - Investments (Details) - Amortized Cost of State-guaranteed Receivables, by State [Line Items]	'	'
Amortized Cost of State-guaranteed Receivables	$8,085,107	$8,111,669
NEW YORK	'	'
Note 2 - Investments (Details) - Amortized Cost of State-guaranteed Receivables, by State [Line Items]	'	'
Amortized Cost of State-guaranteed Receivables	3,880,368	3,973,862
MASSACHUSETTS	'	'
Note 2 - Investments (Details) - Amortized Cost of State-guaranteed Receivables, by State [Line Items]	'	'
Amortized Cost of State-guaranteed Receivables	1,927,350	2,709,704
GEORGIA	'	'
Note 2 - Investments (Details) - Amortized Cost of State-guaranteed Receivables, by State [Line Items]	'	'
Amortized Cost of State-guaranteed Receivables	1,500,719	659,540
PENNSYLVANIA	'	'
Note 2 - Investments (Details) - Amortized Cost of State-guaranteed Receivables, by State [Line Items]	'	'
Amortized Cost of State-guaranteed Receivables	284,756	270,657
CALIFORNIA	'	'
Note 2 - Investments (Details) - Amortized Cost of State-guaranteed Receivables, by State [Line Items]	'	'
Amortized Cost of State-guaranteed Receivables	195,593	202,563
TEXAS	'	'
Note 2 - Investments (Details) - Amortized Cost of State-guaranteed Receivables, by State [Line Items]	'	'
Amortized Cost of State-guaranteed Receivables	212,447	198,260
OHIO	'	'
Note 2 - Investments (Details) - Amortized Cost of State-guaranteed Receivables, by State [Line Items]	'	'
Amortized Cost of State-guaranteed Receivables	$83,874	$97,083

Note_2_Investments_Details_Net1

Note 2 - Investments (Details) - Net Investment Income (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Net Investment Income [Line Items]	'	'
Gross investment income	$21,814,071	$21,816,682
Investment expenses	1,152,929	1,090,415
Net investment income	20,661,142	20,726,267
Fixed Maturities [Member]	'	'
Net Investment Income [Line Items]	'	'
Gross investment income	19,254,558	19,456,710
Equity Securities [Member]	'	'
Net Investment Income [Line Items]	'	'
Gross investment income	169,784	58,972
Mortgage Loans on Real Estate [Member]	'	'
Net Investment Income [Line Items]	'	'
Gross investment income	1,109,776	1,317,826
Policy Loans [Member]	'	'
Net Investment Income [Line Items]	'	'
Gross investment income	478,750	489,824
State-Guaranteed Receivables [Member]	'	'
Net Investment Income [Line Items]	'	'
Gross investment income	568,978	487,070
Derivative [Member]	'	'
Net Investment Income [Line Items]	'	'
Gross investment income	2,400	-110,100
Other Long-term Investments [Member]	'	'
Net Investment Income [Line Items]	'	'
Gross investment income	$229,825	$116,380

Note_3_Fair_Values_of_Financia2

Note 3 - Fair Values of Financial Instruments (Details)	Dec. 31, 2013
Note 3 - Fair Values of Financial Instruments (Details) [Line Items]	'
Fair Value Hierarchy, Number of Input Levels	3
Private Equity Investment [Member]	'
Note 3 - Fair Values of Financial Instruments (Details) [Line Items]	'
Number of Level 3 Investments Reported at Fair Value	1
Transferred from Level 3 to Level 2 [Member]	'
Note 3 - Fair Values of Financial Instruments (Details) [Line Items]	'
Number of Investments Transferred Between Levels	4

Note_3_Fair_Values_of_Financia3

Note 3 - Fair Values of Financial Instruments (Details) - Financial Instruments Measured at Fair Value on a Recurring Basis (USD $)	Dec. 31, 2013	Dec. 31, 2012
Fixed maturities:	'	'
Available-for-sale Securities	$423,727,438	$439,710,050
US Government Agencies Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member]	'	'
Fixed maturities:	'	'
Available-for-sale Securities	34,575,791	51,898,872
US Government Agencies Debt Securities [Member]	'	'
Fixed maturities:	'	'
Available-for-sale Securities	34,575,791	51,898,872
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member]	'	'
Fixed maturities:	'	'
Available-for-sale Securities	42,994,764	53,846,484
US States and Political Subdivisions Debt Securities [Member]	'	'
Fixed maturities:	'	'
Available-for-sale Securities	42,994,764	53,846,484
Corporate Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member]	'	'
Fixed maturities:	'	'
Available-for-sale Securities	227,942,974	227,443,614
Corporate Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member]	'	'
Fixed maturities:	'	'
Available-for-sale Securities	'	3,834,470
Corporate Debt Securities [Member]	'	'
Fixed maturities:	'	'
Available-for-sale Securities	227,942,974	231,278,084
Foreign [Member] | Fair Value, Inputs, Level 2 [Member]	'	'
Fixed maturities:	'	'
Available-for-sale Securities	57,646,352	54,736,870
Foreign [Member]	'	'
Fixed maturities:	'	'
Available-for-sale Securities	57,646,352	54,736,870
Asset-backed Securities [Member] | Fair Value, Inputs, Level 2 [Member]	'	'
Fixed maturities:	'	'
Available-for-sale Securities	2,787,370	4,748,934
Asset-backed Securities [Member]	'	'
Fixed maturities:	'	'
Available-for-sale Securities	2,787,370	4,748,934
Commercial Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 2 [Member]	'	'
Fixed maturities:	'	'
Available-for-sale Securities	4,413,720	6,837,027
Commercial Mortgage Backed Securities [Member]	'	'
Fixed maturities:	'	'
Available-for-sale Securities	4,413,720	6,837,027
Residential Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 2 [Member]	'	'
Fixed maturities:	'	'
Available-for-sale Securities	47,548,134	34,977,142
Residential Mortgage Backed Securities [Member]	'	'
Fixed maturities:	'	'
Available-for-sale Securities	47,548,134	34,977,142
Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member]	'	'
Fixed maturities:	'	'
Available-for-sale Securities	417,909,105	434,488,943
Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member]	'	'
Fixed maturities:	'	'
Available-for-sale Securities	'	3,834,470
Debt Securities [Member]	'	'
Fixed maturities:	'	'
Available-for-sale Securities	417,909,105	438,323,413
US Agencies [Member] | Fair Value, Inputs, Level 1 [Member]	'	'
Fixed maturities:	'	'
Available-for-sale Securities	687,000	681,300
US Agencies [Member]	'	'
Fixed maturities:	'	'
Available-for-sale Securities	687,000	681,300
Mutual Funds [Member] | Fair Value, Inputs, Level 1 [Member]	'	'
Fixed maturities:	'	'
Available-for-sale Securities	319,639	321,337
Mutual Funds [Member]	'	'
Fixed maturities:	'	'
Available-for-sale Securities	319,639	321,337
Common Stock [Member] | Fair Value, Inputs, Level 1 [Member]	'	'
Fixed maturities:	'	'
Available-for-sale Securities	4,427,694	'
Common Stock [Member] | Fair Value, Inputs, Level 3 [Member]	'	'
Fixed maturities:	'	'
Available-for-sale Securities	384,000	384,000
Common Stock [Member]	'	'
Fixed maturities:	'	'
Available-for-sale Securities	4,811,694	384,000
Equity Securities [Member] | Fair Value, Inputs, Level 1 [Member]	'	'
Fixed maturities:	'	'
Available-for-sale Securities	5,434,333	1,002,637
Equity Securities [Member] | Fair Value, Inputs, Level 3 [Member]	'	'
Fixed maturities:	'	'
Available-for-sale Securities	384,000	384,000
Equity Securities [Member]	'	'
Fixed maturities:	'	'
Available-for-sale Securities	5,818,333	1,386,637
Derivative [Member] | Fair Value, Inputs, Level 3 [Member]	'	'
Fixed maturities:	'	'
Investment in derivative	'	642,600
Derivative [Member]	'	'
Fixed maturities:	'	'
Investment in derivative	'	$642,600

Note_3_Fair_Values_of_Financia4

Note 3 - Fair Values of Financial Instruments (Details) - Changes in Fair Value of Level 3 Financial Instruments (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]	'	'
Beginning balance	$4,861,070	$3,237,779
Transfers out of Level 3	-3,834,470	'
Purchases	'	1,748,750
Sales	-645,000	-102,137
Included in earnings	2,400	-110,100
Included in other comprehensive income	'	86,778
Ending balance	384,000	4,861,070
Corporate Debt Securities [Member]	'	'
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]	'	'
Beginning balance	3,834,470	2,133,079
Transfers out of Level 3	-3,834,470	'
Purchases	'	1,748,750
Sales	'	-102,137
Included in other comprehensive income	'	54,778
Ending balance	'	3,834,470
Common Stock [Member]	'	'
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]	'	'
Beginning balance	'	352,000
Included in other comprehensive income	'	32,000
Ending balance	384,000	384,000
Derivative [Member]	'	'
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]	'	'
Beginning balance	642,600	752,700
Sales	-645,000	'
Included in earnings	2,400	-110,100
Ending balance	'	$642,600

Note_3_Fair_Values_of_Financia5

Note 3 - Fair Values of Financial Instruments (Details) - Estimated Fair Values of Financial Instruments (USD $)	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]	'	'	'
Mortgage loans on real estate	$18,601,722	$16,620,290	'
Policy loans	6,674,887	6,781,751	'
State-guaranteed receivables	8,085,107	8,111,669	'
State-guaranteed receivables	9,392,660	10,186,226	'
Other invested assets	3,181,182	3,420,189	'
Cash and cash equivalents	4,143,291	6,009,905	6,534,616
Cash and cash equivalents	4,143,291	6,009,905	'
Accrued investment income	5,191,253	5,163,783	'
Cash value of company-owned life insurance	11,808,248	10,844,489	'
Policyholder deposits (Investment-type contracts)	53,476,853	54,602,229	'
Policyholder deposits (Investment-type contracts)	53,396,538	58,704,154	'
Policy claims	3,672,474	1,894,727	'
Obligations under capital leases	943,488	568,214	'
Notes payable	3,031,942	3,478,613	'
Notes payable	3,033,122	3,485,503	'
Commercial Mortgage [Member] | Fair Value, Inputs, Level 2 [Member]	'	'	'
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]	'	'	'
Mortgage loans on real estate	16,128,845	17,365,363	'
Commercial Mortgage [Member]	'	'	'
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]	'	'	'
Mortgage loans on real estate	15,478,188	16,604,183	'
Mortgage loans on real estate	16,128,845	17,365,363	'
Residential Mortgage [Member] | Fair Value, Inputs, Level 2 [Member]	'	'	'
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]	'	'	'
Mortgage loans on real estate	3,273,306	18,068	'
Residential Mortgage [Member]	'	'	'
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]	'	'	'
Mortgage loans on real estate	3,123,534	16,107	'
Mortgage loans on real estate	3,273,306	18,068	'
Fair Value, Inputs, Level 1 [Member]	'	'	'
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]	'	'	'
Cash and cash equivalents	4,143,291	6,009,905	'
Fair Value, Inputs, Level 2 [Member]	'	'	'
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]	'	'	'
State-guaranteed receivables	9,392,660	10,186,226	'
Fair Value, Inputs, Level 3 [Member]	'	'	'
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]	'	'	'
Policy loans	6,674,887	6,781,751	'
Other invested assets	3,181,182	3,420,189	'
Accrued investment income	5,191,253	5,163,783	'
Cash value of company-owned life insurance	11,808,248	10,844,489	'
Policyholder deposits (Investment-type contracts)	53,396,538	58,704,154	'
Policy claims	3,672,474	1,894,727	'
Obligations under capital leases	943,488	568,214	'
Notes payable	$3,033,122	$3,485,503	'

Note_4_Federal_Income_Taxes_De

Note 4 - Federal Income Taxes (Details) - Deferred Tax Liabilities and Assets (USD $)	Dec. 31, 2013	Dec. 31, 2012
Deferred tax liabilities:	'	'
Policy acquisition costs	$3,452,732	$3,117,299
Net unrealized gain on available-for-sale securities	5,108,319	14,821,597
Due premiums	1,145,646	1,164,289
Other	889,576	904,492
Total deferred tax liabilities	10,596,273	20,007,677
Deferred tax assets:	'	'
Benefit reserves	3,540,549	3,167,947
Other policyholder funds	474,581	348,010
AMT credit carryforwards	501,101	543,033
Accrued pension liability	981,867	2,451,916
Other	493,284	307,293
Total deferred tax assets	5,991,382	6,818,199
Net deferred tax liabilities	$4,604,891	$13,189,478

Note_4_Federal_Income_Taxes_De1

Note 4 - Federal Income Taxes (Details) - Reconciliation of Income Tax Rate	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Reconciliation of Income Tax Rate [Abstract]	'	'
Statutory federal income tax rate	34.00%	34.00%
Small life insurance company deduction	-18.00%	-28.20%
Dividends-received deduction	-1.20%	-0.90%
Defined contribution plan dividend	-1.40%	-1.30%
Nondeductible COLI expense	-4.90%	-4.60%
Nondeductible travel & meals expense	0.80%	0.80%
Implied interest on structured note	'	2.00%
True-up of provision to actual	1.70%	-0.10%
Other	4.60%	-1.90%
Effective income tax rate	15.60%	-0.20%

Note_5_Notes_Payable_Details

Note 5 - Notes Payable (Details) (USD $)	1 Months Ended	12 Months Ended		0 Months Ended		12 Months Ended		12 Months Ended
	Feb. 05, 2005	Dec. 31, 2013	Dec. 31, 2012	Nov. 05, 2012	Dec. 31, 2013	Dec. 31, 2013	Sep. 27, 2013	Dec. 31, 2013	Sep. 27, 2013
				Puritan Financial Companies, Inc [Member]	Puritan Financial Companies, Inc [Member]	At Need Funding Line of Credit [Member]	At Need Funding Line of Credit [Member]	Operating Line of Credit [Member]	Operating Line of Credit [Member]
Note 5 - Notes Payable (Details) [Line Items]	'	'	'	'	'	'	'	'	'
Proceeds from Notes Payable	$3,650,000	$3,417,800	$5,809,918	$2,000,000	'	'	'	'	'
Debt Instrument, Basis Spread on Variable Rate	'	'	'	0.25%	'	'	'	'	'
Debt Instrument, Periodic Payment	'	'	'	45,000	'	'	'	'	'
Debt Instrument, Collateral, Common Stock Shares (in Shares)	'	'	'	55,000	'	'	'	'	'
Payments to Acquire Loans Receivable	'	'	'	2,000,000	'	'	'	'	'
Loan Receivable, Basis Spread on Variable Rate	'	'	'	1.75%	'	'	'	'	'
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in Shares)	'	'	'	2,000,000	'	'	'	'	'
Other Long-term Investments	'	3,181,182	3,420,189	'	2,000,000	'	'	'	'
Line of Credit Facility, Maximum Borrowing Capacity	'	'	'	'	'	'	1,000,000	'	150,000
Debt Instrument, Interest Rate, Stated Percentage Rate Range, Minimum	'	'	'	'	'	3.25%	'	3.25%	'
Payments to Acquire Property, Plant, and Equipment	3,650,000	'	'	'	'	'	'	'	'
Debt Instrument, Interest Rate, Stated Percentage	5.05%	'	'	'	'	'	'	'	'
Repayments of Bank Debt	$3,000,000	'	'	'	'	'	'	'	'

Note_5_Notes_Payable_Details_N

Note 5 - Notes Payable (Details) - Notes Payable (USD $)	Feb. 05, 2005	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013	Dec. 31, 2012
		Mortgages [Member]	Mortgages [Member]	Line of Credit [Member]	Line of Credit [Member]	Notes Payable to Banks [Member]	Notes Payable to Banks [Member]
Note 5 - Notes Payable (Details) - Notes Payable [Line Items]	'	'	'	'	'	'	'
Outstanding Principal	'	$562,910	$988,393	$506,240	$490,220	$1,962,792	$2,000,000
Current Interest Rate	5.05%	5.05%	5.05%	3.25%	3.25%	3.00%	3.00%
Maturity Date	'	1-Mar-15	1-Mar-15	25-Sep-15	29-Sep-13	5-Nov-17	5-Nov-17
Interest Expense	'	38,365	59,363	16,555	8,298	60,188	9,333
Interest Paid	'	$40,155	$61,066	$16,555	$8,320	$55,289	'

Note_6_Employee_Benefit_Plans_1

Note 6 - Employee Benefit Plans (Details) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Note 6 - Employee Benefit Plans (Details) [Line Items]	'	'
Defined Benefit Plan, Curtailments	$1,760,623	$1,760,623
Other Comprehensive Income (Loss), Finalization of Pension and Other Postretirement Benefit Plan Valuation, Tax	'	598,612
Defined Benefit Plan, Accumulated Other Comprehensive Income Minimum Pension Liability, after Tax	4,794,177	8,406,635
Defined Benefit Plan, Accumulated Other Comprehensive Income Minimum Pension Liability, Tax	1,630,020	2,858,256
Defined Benefit Plan, Amount to be Amortized from Accumulated Other Comprehensive Income (Loss) Next Fiscal Year	390,413	'
Defined Benefit Plans, Estimated Future Employer Contributions in Next Fiscal Year	900,000	'
Defined Contribution Plan, Employer Matching Contribution, Percent of Employees' Gross Pay	'	4.00%
Due to Curtailment [Member]	'	'
Note 6 - Employee Benefit Plans (Details) [Line Items]	'	'
Other Comprehensive Income (Loss), Finalization of Pension and Other Postretirement Benefit Plan Valuation, Tax	598,612	'
Paid to Pension Plan [Member]	'	'
Note 6 - Employee Benefit Plans (Details) [Line Items]	'	'
Dividends	$7,750	$7,130

Note_6_Employee_Benefit_Plans_2

Note 6 - Employee Benefit Plans (Details) - Defined Benefit Pension Plan (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Change in projected benefit obligation:	'	'
Benefit obligation at beginning of year	$23,872,644	$24,098,408
Service cost	'	293,544
Interest cost	668,720	1,010,630
Expected return on plan assets	-1,192,584	-1,272,898
Recognized actuarial net loss	772,646	913,378
Net periodic benefit cost	248,782	944,654
Actuarial (gain) loss	32,453	-439,475
Benefits paid	-650,734	-953,328
Change in discount rate	-2,607,483	1,623,488
Curtailment	-1,760,623	-1,760,623
Benefit obligation at end of year	21,315,600	23,872,644
Accumulated benefit obligation	21,315,600	23,872,644
Change in plan assets:	'	'
Fair value of plan assets at beginning of year	16,661,125	14,551,370
Actual return on plan assets	1,457,366	1,571,883
Employer contributions	960,000	1,491,200
Benefits paid	-650,734	-953,328
Fair value of plan assets at end of year	18,427,757	16,661,125
Funded status	-2,887,843	-7,211,519
Unrecognized net actuarial loss	4,794,177	8,406,635
Net amount recognized as prepaid benefit cost	$1,906,334	$1,195,116

Note_6_Employee_Benefit_Plans_3

Note 6 - Employee Benefit Plans (Details) - Weighted-Average Actuarial Assumptions	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Weighted-Average Actuarial Assumptions [Abstract]	'	'
Discount rate	5.00%	4.00%
Expected return on plan assets	7.00%	8.50%

Note_6_Employee_Benefit_Plans_4

Note 6 - Employee Benefit Plans (Details) - Fair Value of Plan Assets (USD $)	Dec. 31, 2013	Dec. 31, 2012
Fair Value of Plan Assets [Abstract]	'	'
Pooled separate accounts	$17,778,307	$16,113,355
Company common stock - 31,000 shares	$649,450	$547,770

Note_6_Employee_Benefit_Plans_5

Note 6 - Employee Benefit Plans (Details) - Fair Value of Plan Assets (Parentheticals)	Dec. 31, 2013	Dec. 31, 2012
Fair Value of Plan Assets [Abstract]	'	'
Company common stock, shares	31,000	31,000

Note_6_Employee_Benefit_Plans_6

Note 6 - Employee Benefit Plans (Details) - Allocation of Plan Assets	Dec. 31, 2013	Dec. 31, 2012
Equity Securities [Member]	'	'
Note 6 - Employee Benefit Plans (Details) - Allocation of Plan Assets [Line Items]	'	'
Plan Asset Allocations	35.00%	48.00%
Debt Securities [Member]	'	'
Note 6 - Employee Benefit Plans (Details) - Allocation of Plan Assets [Line Items]	'	'
Plan Asset Allocations	61.00%	49.00%
Company Common Stock [Member]	'	'
Note 6 - Employee Benefit Plans (Details) - Allocation of Plan Assets [Line Items]	'	'
Plan Asset Allocations	4.00%	3.00%

Note_6_Employee_Benefit_Plans_7

Note 6 - Employee Benefit Plans (Details) - Estimated Future Benefit Payments (USD $)	Dec. 31, 2013
Estimated Future Benefit Payments [Abstract]	'
2014	$2,601,000
2015	1,418,000
2016	1,665,000
2017	1,299,000
2018	1,275,000
2019-2023	$7,225,000

Note_6_Employee_Benefit_Plans_8

Note 6 - Employee Benefit Plans (Details) - Defined Compensation Plans (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Old 401(k) Plan [Member]	'	'
Company common stock:	'	'
Shares held (in Shares)	331,559	345,145
Fair value	$6,863,275	$6,098,714
Old 401(k) Plan	'	'
Employer matching contributions	'	133,970
Dividends on Company stock	86,286	79,621
Retirement Plan [Member]	'	'
Retirement Plan	'	'
Mutual funds - fair value	1,635,830	844,941
Old 401(k) Plan	'	'
Employer matching contributions	$316,206	$88,654

Note_6_Employee_Benefit_Plans_9

Note 6 - Employee Benefit Plans (Details) - Deferred Compensation Plan (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Company common stock:	'	'
Shares held (in Shares)	20,820	20,881
Fair value	$430,984	$368,976
Mutual funds - fair value	69,136	13,939
Cash and cash equivalents	3,486	5,012
Employer contributions	24,978	18,212
Dividends on Company stock	$5,220	$4,659

Note_7_Stockholders_Equity_and1

Note 7 - Stockholders' Equity and Dividend Restrictions (Details) (USD $)	Dec. 31, 2013
Stockholders' Equity Note [Abstract]	'
Dividends, Percent of Statutory Surplus	10.00%
Statutory Accounting Practices, Statutory Amount Available for Dividend Payments	$671,463

Note_8_Statutory_Accounting_Pr1

Note 8 - Statutory Accounting Practices (Details) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Statutory Accounting Practices Disclosures [Abstract]	'	'
Statutory Accounting Practices, Statutory Capital and Surplus, Balance	$20,212,394	$20,579,141
Statutory Accounting Practices, Statutory Net Income Amount	$1,233,527	$1,905,812

Note_9_Segment_Data_Details

Note 9 - Segment Data (Details) (USD $)	12 Months Ended
	Dec. 31, 2013
Segment Reporting [Abstract]	'
Number of Operating Segments	4
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense, Amount	$2,380,617

Note_9_Segment_Data_Details_Se

Note 9 - Segment Data (Details) - Segments by Operating Information (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Segment Reporting Information [Line Items]	'	'
Revenue	$80,120,374	$70,429,723
Pre-tax income (loss) from operations	2,126,570	2,095,465
Assets	563,608,978	576,005,966
Amortization and depreciation expense	8,216,000	9,176,000
Preneed and Burial Products [Member]	'	'
Segment Reporting Information [Line Items]	'	'
Revenue	49,457,000	48,863,000
Pre-tax income (loss) from operations	816,000	993,000
Assets	375,905,000	378,142,000
Amortization and depreciation expense	5,866,000	5,427,000
Traditional and Universal Life Products [Member]	'	'
Segment Reporting Information [Line Items]	'	'
Revenue	28,650,000	19,336,000
Pre-tax income (loss) from operations	968,000	921,000
Assets	109,777,000	91,142,000
Amortization and depreciation expense	1,726,000	3,223,000
Administrative and Financial Services [Member]	'	'
Segment Reporting Information [Line Items]	'	'
Revenue	1,215,000	1,491,000
Pre-tax income (loss) from operations	306,000	366,000
Assets	9,937,000	10,757,000
Amortization and depreciation expense	264,000	213,000
Corporate and Other [Member]	'	'
Segment Reporting Information [Line Items]	'	'
Revenue	798,000	740,000
Pre-tax income (loss) from operations	37,000	-185,000
Assets	67,990,000	95,965,000
Amortization and depreciation expense	$360,000	$313,000

Note_10_Reinsurance_Details

Note 10 - Reinsurance (Details) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Note 10 - Reinsurance (Details) [Line Items]	'	'
Reinsurance, Fee Income	$272,264	$299,843
Reinsurance Recoverables	55,669,088	53,797,125
Assumed Premiums Earned	10,044,766	3,834,907
Ceded [Member]	'	'
Note 10 - Reinsurance (Details) [Line Items]	'	'
Reinsurance Recoverables	9,243,869	9,737,123
Credit-Related Reinsurance Transactions [Member]	'	'
Note 10 - Reinsurance (Details) [Line Items]	'	'
Reinsurance Recoverables	8,186,589	9,107,458
Credit Life and Accident Insurance [Member]	'	'
Note 10 - Reinsurance (Details) [Line Items]	'	'
Reinsurance, Percent of Risk Ceded	100.00%	'
Life and Annuity [Member]	'	'
Note 10 - Reinsurance (Details) [Line Items]	'	'
Reinsurance, Percent of Risk Ceded	85.00%	'
Reinsurance Recoverables	21,092,000	22,627,000
Puritan Financial Companies, Inc [Member]	'	'
Note 10 - Reinsurance (Details) [Line Items]	'	'
Reinsurance Recoverables	14,281,000	11,141,000
Reinsurance Retention Policy, Reinsured Risk, Percentage	75.00%	'
Assumed Premiums Earned	$10,033,000	'

Note_10_Reinsurance_Details_Re

Note 10 - Reinsurance (Details) - Reinsurance Ceded and Assumed (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Reinsurance Ceded and Assumed [Abstract]	'	'
Premiums ceded	$14,105,855	$19,997,026
Premiums assumed	10,044,766	3,834,907
Commission and expense allowances	3,238,144	4,596,452
Benefit recoveries	$8,157,180	$7,288,897

Note_11_Other_Comprehensive_In2

Note 11 - Other Comprehensive Income (Details) - Other Comprehensive Income (USD $)	12 Months Ended
	Dec. 31, 2013		Dec. 31, 2012
Change in net unrealized gains (losses) on available-for-sale securities:	'		'
Unrealized holding gains (losses) arising during period, pretax	($26,280,225)		$12,580,096
Unrealized holding gains (losses) arising during period, tax	-9,697,464		4,219,487
Unrealized holding gains (losses) arising during period, net of tax	-16,582,761		8,360,609
Reclassification adjustment for gains included in income, pretax	-2,499,511	[1]	-484,813	[1]
Reclassification adjustment for gains included in income, tax	-319,944	[2]	-92,394	[2]
Reclassification adjustment for gains included in income, net of tax	-2,179,567		-392,419
Adjustment for effect of deferred acquisition costs, pretax	894,503		-325,260
Adjustment for effect of deferred acquisition costs, tax	304,130		-110,588
Adjustment for effect of deferred acquisition costs, net of tax	590,373		-214,672
Net unrealized gains (losses) on investments, pretax	-27,885,233		11,770,023
Net unrealized gains (losses) on investments, tax	-9,713,278		4,016,505
Net unrealized gains (losses) on investments, net of tax	-18,171,955		7,753,518
Change in defined benefit pension plan:	'		'
Actuarial net gain (loss) on pension plan, pretax	2,839,812		-885,028
Actuarial net gain (loss) on pension plan, tax	965,536		-300,910
Actuarial net gain (loss) on pension plan, net of tax	1,874,276		-584,118
Amortization of actuarial net loss in net periodic pension cost, pretax	772,646	[3]	913,378	[3]
Amortization of actuarial net loss in net periodic pension cost, tax	262,700	[2]	310,549	[2]
Amortization of actuarial net loss in net periodic pension cost, net of tax	509,946		602,829
Curtailment of defined benefit pension plan	'		1,760,623
Curtailment of defined benefit pension plan	'		598,612
Curtailment of defined benefit pension plan	'		1,162,011
Net change in defined benefit pension plan, pretax	3,612,458		1,788,973
Net change in defined benefit pension plan, tax	1,228,236		608,251
Net change in defined benefit pension plan, net of tax	2,384,222		1,180,722
Total other comprehensive income (loss), pretax	-24,272,775		13,558,996
Total other comprehensive income (loss), tax	-8,485,042		4,624,756
Total other comprehensive income (loss), net of tax	($15,787,733)		$8,934,240
[1]	These items appear within net realized gains on investments in the consolidated income statements.
[2]	These items appear within federal income taxes in the consolidated income statements.
[3]	These items are included in the computation of net periodic benefit cost (see Note 6).

Note_11_Other_Comprehensive_In3

Note 11 - Other Comprehensive Income (Details) - Accumulated Other Comprehensive Income (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Accumulated Other Comprehensive Income (Loss) [Line Items]	'	'
Balance	$22,539,724	$13,605,484
Other comprehensive income (loss) before reclassifications	-14,118,112	8,723,830
Amounts reclassified from accumulated other comprehensive income	-1,669,621	210,410
Net current period other comprehensive income (loss)	-15,787,733	8,934,240
Balance	6,751,991	22,539,724
Accumulated Net Unrealized Investment Gain (Loss) [Member]	'	'
Accumulated Other Comprehensive Income (Loss) [Line Items]	'	'
Balance	28,088,103	20,334,585
Other comprehensive income (loss) before reclassifications	-15,992,388	8,145,937
Amounts reclassified from accumulated other comprehensive income	-2,179,567	-392,419
Net current period other comprehensive income (loss)	-18,171,955	7,753,518
Balance	9,916,148	28,088,103
Accumulated Defined Benefit Plans Adjustment [Member]	'	'
Accumulated Other Comprehensive Income (Loss) [Line Items]	'	'
Balance	-5,548,379	-6,729,101
Other comprehensive income (loss) before reclassifications	1,874,276	577,893
Amounts reclassified from accumulated other comprehensive income	509,946	602,829
Net current period other comprehensive income (loss)	2,384,222	1,180,722
Balance	($3,164,157)	($5,548,379)

Note_11_Other_Comprehensive_In4

Note 11 - Other Comprehensive Income (Details) - Amounts Reclassified from AOCI to Income (USD $)	12 Months Ended
	Dec. 31, 2013		Dec. 31, 2012
Unrealized gains on available-for-sale securities:	'		'
Realized gains on sale of securities (a)	$2,499,511	[1]	$484,813	[1]
Income tax expense (c)	-319,944	[2]	-92,394	[2]
Net of tax	2,179,567		392,419
Defined benefit pension plans:	'		'
Amortization of actuarial net loss (b)	-772,646	[3]	-913,378	[3]
Income tax benefit (c)	262,700	[2]	310,549	[2]
Net of tax	-509,946		-602,829
Total reclassifications for the period	$1,669,621		($210,410)
[1]	These items appear within net realized gains on investments in the consolidated income statements.
[2]	These items appear within federal income taxes in the consolidated income statements.
[3]	These items are included in the computation of net periodic benefit cost (see Note 6).