Investors Heritage Capital (IHRC) 10-K 20 Mar 15 2014 FY Annual report Financial data

Document_And_Entity_Informatio

Document And Entity Information (USD $)	12 Months Ended
	Dec. 31, 2014	Mar. 12, 2015	Jun. 30, 2014
Document and Entity Information [Abstract]
Entity Registrant Name	Investors Heritage Capital Corp
Document Type	10-K
Current Fiscal Year End Date	-19
Entity Common Stock, Shares Outstanding		1,123,980
Entity Public Float			$23,431,108
Amendment Flag	FALSE
Entity Central Index Key	55362
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-14
Document Fiscal Year Focus	2014
Document Fiscal Period Focus	FY

Consolidated_Balance_Sheets

Consolidated Balance Sheets (USD $)	Dec. 31, 2014	Dec. 31, 2013
ASSETS
Fixed maturities (amortized cost: 2014 - $403,596,261; 2013- $402,396,191)	$430,117,478	$417,909,105
Equity securities (cost: 2014 - $6,331,436; 2013 - $5,888,361)	7,405,819	5,818,333
Mortgage loans on real estate	29,459,436	18,601,722
Policy loans	6,665,493	6,674,887
State-guaranteed receivables	7,917,379	8,085,107
Other invested assets	3,270,848	3,181,182
Total investments	484,836,453	460,270,336
Cash and cash equivalents	1,870,867	4,143,291
Accrued investment income	5,190,740	5,191,253
Due premiums	3,217,136	3,368,008
Deferred acquisition costs	17,847,907	18,822,481
Value of business acquired	301,037	386,056
Leased property under capital leases	555,251	1,005,523
Property and equipment	1,000,120	1,042,748
Cash value of company-owned life insurance	12,441,833	11,808,248
Other assets	2,041,050	1,901,946
Amounts recoverable from reinsurers	55,910,993	55,669,088
Total assets	585,213,387	563,608,978
LIABILITIES AND STOCKHOLDERS' EQUITY LIABILITIES
Benefit reserves	490,126,730	480,151,818
Unearned premium reserves	7,812,972	8,189,640
Policy claims	2,821,106	3,672,474
Liability for deposit-type contracts	3,432,793	3,283,960
Reserves for dividends and endowments and other	391,439	408,555
Total policy liabilities	504,585,040	495,706,447
Deferred federal income tax liability	7,785,450	4,604,891
Obligations under capital leases	553,028	943,488
Notes payable	2,508,576	3,031,942
Accrued pension liability	5,141,442	2,887,843
Other liabilities	4,103,365	2,787,099
Total liabilities	524,676,901	509,961,710
STOCKHOLDERS' EQUITY
Common stock (shares issued: 2014-1,123,980; 2013-1,128,583)	1,123,980	1,128,583
Paid-in surplus	8,908,243	8,908,243
Accumulated other comprehensive income	12,704,319	6,751,991
Retained earnings	37,799,944	36,858,451
Total stockholders' equity	60,536,486	53,647,268
Total liabilities and stockholders' equity	$585,213,387	$563,608,978

Consolidated_Balance_Sheets_Pa

Consolidated Balance Sheets (Parentheticals) (USD $)	Dec. 31, 2014	Dec. 31, 2013
Fixed maturities, amortized cost	$403,596,261	$402,396,191
Equity securities, cost	$6,331,436	$5,888,361
Common stock, shares issued (in Shares)	1,123,980	1,128,583

Consolidated_Statements_of_Inc

Consolidated Statements of Income (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
REVENUE
Premiums and other considerations	$61,116,195	$69,653,412
Premiums ceded	-13,687,074	-14,105,855
Net premiums	47,429,121	55,547,557
Investment income, net of expenses	21,162,735	20,661,142
Net realized gains on investments	710,632	2,485,505
Other income	1,595,300	1,426,170
Total revenue	70,897,788	80,120,374
BENEFITS AND EXPENSES
Death and other benefits	40,568,665	42,913,542
Guaranteed annual endowments	413,135	426,582
Dividends to policyholders	339,945	399,017
Increase in benefit reserves and unearned premiums	11,522,583	17,919,752
Acquisition costs deferred	-6,678,626	-8,738,111
Amortization of deferred acquisition costs	7,359,964	7,464,380
Commissions	4,564,713	7,008,578
Other general and administrative expenses	11,111,572	10,600,064
Total benefits and expenses	69,201,951	77,993,804
INCOME BEFORE FEDERAL INCOME TAXES	1,695,837	2,126,570
PROVISION (BENEFIT) FOR FEDERAL INCOME TAXES
Current	315,444	430,429
Deferred	114,209	-99,545
Total federal income taxes	429,653	330,884
NET INCOME	$1,266,184	$1,795,686
BASIC AND DILUTED NET EARNINGS PER SHARE (in Dollars per share)	$1.12	$1.58

Consolidated_Statements_of_Com

Consolidated Statements of Comprehensive Income (Loss) (USD $)	12 Months Ended
	Dec. 31, 2014		Dec. 31, 2013
NET INCOME	$1,266,184		$1,795,686
OTHER COMPREHENSIVE INCOME (LOSS):
Unrealized holding gains (losses) arising during period	12,863,346		-26,280,225
Reclassification adjustment for gains included in income	-710,632	[1]	-2,499,511	[1]
Adjustment for effects of deferred acquisition costs	-293,231		894,503
Net unrealized gains (losses) on investments	11,859,483		-27,885,233
Actuarial net gain (loss) on pension plan	-3,231,218		2,839,812
Amortization of actuarial net loss in net periodic pension cost	390,413	[2]	772,646	[2]
Net change in defined benefit pension plan	-2,840,805		3,612,458
Other comprehensive income (loss) before income taxes	9,018,678		-24,272,775
Income tax expense (benefit)	3,066,350		-8,485,042
OTHER COMPREHENSIVE INCOME (LOSS), NET OF TAXES	5,952,328		-15,787,733
COMPREHENSIVE INCOME (LOSS)	$7,218,512		($13,992,047)
[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, 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 (loss), 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
Net income				1,266,184	1,266,184
Other comprehensive income (loss), net			5,952,328		5,952,328
Cash dividends				-225,717	-225,717
Repurchases of common stock, net	-4,603			-98,974	-103,577
Balance at Dec. 31, 2014	$1,123,980	$8,908,243	$12,704,319	$37,799,944	$60,536,486

Consolidated_Statements_of_Cas

Consolidated Statements of Cash Flows (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
OPERATING ACTIVITIES
Net income	$1,266,184	$1,795,686
Adjustments to reconcile net income to net cash provided by operating activities:
Net realized gains on investments	-710,632	-2,485,505
Expense (benefit) for deferred federal income taxes	114,209	-99,545
Amortization of deferred acquisition costs	7,359,964	7,464,380
Acquisition costs deferred	-6,678,626	-8,738,111
Net adjustment for premium and discount on investments	-278,027	-39,768
Depreciation and other amortization	735,741	752,103
Change in value of derivative investment		-2,400
Changes in operating assets and liabilities:
Accrued investment income	513	-27,470
Due premiums	150,872	54,621
Cash value of company-owned life insurance	-633,585	-963,759
Amounts recoverable from reinsurers	-241,905	-1,871,963
Benefit reserves	12,701,323	18,848,611
Policy claims	-851,368	1,777,747
Liability for deposit-type contracts	148,833	136,502
Reserves for dividends and endowments and other	-17,116	-37,461
Other assets and other liabilities	199,497	-1,891,668
NET CASH PROVIDED BY OPERATING ACTIVITIES	13,265,877	14,672,000
INVESTING ACTIVITIES
Purchases of available-for-sale securities	-47,681,113	-105,730,100
Sales of available-for-sale securities	18,366,907	36,136,804
Maturities of available-for-sale securities	28,079,553	58,762,403
Acquisitions of mortgage loans on real estate	-14,310,374	-3,637,086
Payments of mortgage loans on real estate	3,475,019	1,659,724
Payments of state-guaranteed receivables	725,540	595,540
Sale of investment in derivative		645,000
Net reductions (additions) in other investments	-80,272	331,865
Net additions to property and equipment	-157,822	-194,856
NET CASH USED IN INVESTING ACTIVITIES	-11,582,562	-11,430,706
FINANCING ACTIVITIES
Receipts from universal life policies credited to policyholder account balances	4,932,397	5,142,181
Return of policyholder account balances on universal life policies	-8,035,476	-9,209,949
Payments on notes payable	-3,614,374	-3,864,471
Proceeds from notes payable	3,091,008	3,417,800
Repurchases of common stock, net	-103,577	-307,998
Dividends paid	-225,717	-285,471
NET CASH USED IN FINANCING ACTIVITIES	-3,955,739	-5,107,908
DECREASE IN CASH AND CASH EQUIVALENTS	-2,272,424	-1,866,614
Cash and cash equivalents at beginning of year	4,143,291	6,009,905
CASH AND CASH EQUIVALENTS AT END OF YEAR	1,870,867	4,143,291
SUPPLEMENTAL INFORMATION
Cash paid during year for federal income taxes	$181,385	$722,770

Note_1_Nature_of_Operations_an

Note 1 - Nature of Operations and Accounting Policies	12 Months Ended
	Dec. 31, 2014
Disclosure Text Block [Abstract]
Organization, Consolidation and Presentation of Financial Statements Disclosure [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.
	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 their aggregate principal balance, adjusted for any unamortized premium or discount.
	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.
	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 2014 and 2013 totaled $85,019 and $127,611, respectively. Accumulated amortization was $620,319 and $535,300 at December 31, 2014 and 2013, respectively. Estimated annual amortization will be approximately $76,000, $70,000, $63,000, $44,000, and $13,000 in 2015 through 2019, 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 $3,860,908 and $3,728,657 at December 31, 2014 and 2013, respectively.
	Capital Leases: During 2014, the Company entered into five new capital leases totaling $13,450 at inception. During 2013, the Company entered into four new capital leases totaling $752,861 at inception. One of the 2013 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 2014 and 2013 relating to previously existing capital leases were $501,379 and $352,775, respectively. Future minimum lease payments for 2015 through 2019 are $331,392; $256,637; $6,520; $632; and $0, respectively. The present value of net minimum lease payments at December 31, 2014 was $553,028, which is equal to the total future minimum lease payments of $595,181 less imputed interest of $42,153. Accumulated amortization on the leased property was $992,449 and $586,237 at December 31, 2014 and 2013, 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, 2014 and 2013, amounts recoverable from reinsurers were $55,910,993 and $55,669,088, respectively. These amounts included reserves ceded to reinsurers of $55,154,752 and $54,256,096 at December 31, 2014 and 2013, 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, 2014 and 2013, the Company’s policy claims liability includes an estimate of $940,600 and $1,679,764, respectively, 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 15% and 17% of ordinary life insurance in force at December 31, 2014 and 2013, respectively. Premiums relative to participating business comprised approximately 3% of net premiums for the years ended December 31, 2014 and 2013. 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 4.50% 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 2014 and 2013 were 1,126,365 and 1,137,156 shares, respectively. The Company paid cash dividends per share of $0.20 and $0.25 in 2014 and 2013, respectively.
	Subsequent Events: Management has evaluated all events subsequent to December 31, 2014 through the date that these consolidated financial statements were available to be issued.
	New Accounting Standards: In May 2014, the Financial Accounting Standards Board (“FASB”) issued guidance regarding accounting for revenue recognition that identifies the accounting treatment for an entity’s contracts with customers. Certain contracts, including insurance contracts, are specifically excluded from this guidance. This guidance is effective for public entities for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period.  The Company has not yet adopted this guidance, but it is not expected to have a material impact on its financial position, cash flows or results of operations.
	In August 2014, the FASB issued guidance that requires management to evaluate whether there are concerns or events that raise substantial doubt about the entity's ability to continue as a going concern within one year after the date the financial statements are issued. Disclosures are required when certain criteria are met. This guidance is effective for annual periods ending after December 15, 2016 and for annual periods and interim periods thereafter. The Company has not yet adopted this guidance, but it is not expected to have a material impact on the consolidated financial statements.
	In January 2014, the FASB issued updated guidance for troubled debt restructurings clarifying when an in substance repossession or foreclosure occurs, and when a creditor is considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan. The new guidance is effective for annual periods and interim periods within those annual periods, beginning after December 15, 2014. This guidance can be elected for prospective adoption or by using a modified retrospective transition method. The Company has not yet adopted this guidance, but it is not expected to have a significant impact on the Company’s consolidated financial position, results of operations or financial statement disclosures.
	In April 2014, the FASB issued updated guidance that changes the criteria for reporting discontinued operations and introduces new disclosures. The new guidance is effective prospectively to new disposals and new classifications of disposal groups as held for sale that occur within annual periods beginning on or after December 15, 2014, and interim periods within those annual periods. Early adoption is permitted for new disposals or new classifications as held for sale that have not been reported in financial statements previously issued or available for issuance. The Company has not yet adopted this guidance, but it is not expected to have a significant impact on the Company’s consolidated financial position, results of operations or financial statement disclosures.
	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 or were not expected to have a material impact to the consolidated financial statements.

Note_2_Investments

Note 2 - Investments	12 Months Ended
	Dec. 31, 2014
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:
	2014	Amortized			Gross Unrealized			Gross Unrealized		Fair
		Cost			Gains			Losses		Value
	Available-for-sale securities:
	U.S. government obligations	$	28,063,178		$	820,997		$	16,164	$	28,868,011
	States and political subdivisions		38,021,271			5,985,975			-		44,007,246
	Corporate		224,299,411			15,669,733			930,632		239,038,512
	Foreign		63,792,040			2,934,542			751,369		65,975,213
	Asset-backed securities		1,432,996			33,501			-		1,466,497
	Mortgage-backed securities (MBS):
	Commercial MBS		7,869,355			266,831			-		8,136,186
	Residential MBS		40,118,010			2,507,809			6		42,625,813
	Total fixed maturity securities		403,596,261			28,219,388			1,698,171		430,117,478
	Equity securities:
	U.S. agencies		707,900			-			-		707,900
	Mutual funds		318,284			40,038			-		358,322
	Corporate common stock		5,305,252			1,157,718			123,373		6,339,597
	Total equity securities		6,331,436			1,197,756			123,373		7,405,819
	Total	$	409,927,697		$	29,417,144		$	1,821,544	$	437,523,297
	2013	Amortized			Gross Unrealized			Gross Unrealized		Fair
		Cost			Gains			Losses		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
	The following table summarizes, for all securities in an unrealized loss position at December 31, 2014 and 2013, the estimated fair value, pre-tax gross unrealized loss and number of securities by length of time that those securities have been continuously in an unrealized loss position.
		31-Dec-14								31-Dec-13
					Gross			Number				Gross		Number
		Estimated			Unrealized			of		Estimated		Unrealized		of
		Fair Value			Loss			Securities		Fair Value		Loss		Securities
	Fixed Maturities:
	Less than 12 months:
	U.S. government obligations	$	-		$	-			-	$	17,401,555	$	703,570		3
	States and political subdivisions		-			-			-		1,239,103		60,898		2
	Corporate		12,473,068			508,818			7		56,249,758		2,076,123		37
	Foreign		10,374,173			310,267			7		26,858,417		1,395,450		15
	Residential MBS		16,862			6			1		18,187,588		345,062		4
	Greater than 12 months:
	U.S. government obligations		7,736,774			16,164			1		-		-		-
	Corporate		3,828,887			421,814			3		1,072,341		175,763		1
	Foreign		4,724,455			441,102			2		-		-		-
	Total fixed maturities		39,154,219			1,698,171			21		121,008,762		4,756,866		62
	Equities:
	Less than 12 months:
	Corporate common stock		527,614			103,438			4		2,806,072		494,264		24
	Greater than 12 months:
	Corporate common stock		525,865			19,935			4		-		-		-
	Total equities		1,053,479			123,373			8		2,806,072		494,264		24
	Total	$	40,207,698		$	1,821,544			29	$	123,814,834	$	5,251,130		86
	As of December 31, 2014, all of the above fixed maturity securities had a fair value to cost ratio equal to or greater than 86% and the equity securities noted above had a fair value to cost ratio of over 78%. 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 all of our equity securities had a fair value to cost ratio equal to or greater than 70%.
	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, 2014 or 2013.
Management believes that the Company will fully recover its cost basis in the securities held at December 31, 2014, and management does not have the intent to sell nor is it more likely than not that the Company will be required to sell such securities until they recover or mature. The temporary impairments shown herein are primarily the result of the current interest rate environment rather than credit factors that would imply other-than-temporary impairment.
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
	2014			2013
Net unrealized appreciation on available-for sale securities	$	27,595,600		$	15,442,886
Adjustment to deferred acquisition costs		(711,650	)		(418,419	)
Deferred income taxes		(9,140,543	)		(5,108,319	)
Net unrealized appreciation on available-for sale securities	$	17,743,407		$	9,916,148
The amortized cost and fair value of debt securities at December 31, 2014, 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	$	8,968,681		$	9,162,988
Due after one year through five years		75,338,168			82,333,643
Due after five years through ten years		189,328,076			198,251,026
Due after ten years		56,143,960			63,199,501
Due at multiple maturity dates		73,817,376			77,170,320
Total	$	403,596,261		$	430,117,478
Proceeds for the years ended December 31, 2014 and 2013 from sales and maturities of investments in available-for-sale securities, as well as gross gains and gross losses realized, are presented below.
	2014			2013
Proceeds from sales and maturities	$	46,446,460		$	94,899,207
Gross realized gains		974,260			2,613,961
Gross realized losses		(263,628	)		(114,450	)
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, 2014 and 2013.
	2014			2013
Change in unrealized investment gains (losses):
Available-for-sale:
Fixed maturities	$	11,008,303		$	(28,440,122	)
Equity securities		1,144,411			(339,614	)
Realized investment gains (losses):
Available-for-sale:
Fixed maturities	$	682,604		$	2,505,340
Equity securities		28,028			(5,829	)
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 December 31, 2013 and led to the increase in realized investment gains shown above for 2013.
The Company is required to hold assets on deposit for the benefit of policyholders in accordance with statutory rules and regulations. At December 31, 2014 and 2013, these required deposits had a total fair value of $23,951,372 and $25,209,390, respectively.
The Company also engages in commercial and residential mortgage lending. As of December 31, 2014, investments in commercial and residential properties comprised 41.9% and 58.1%, respectively, of the Company’s mortgage portfolio. At December 31, 2013, investments in commercial and residential properties comprised 79.6% and 20.4%, respectively, of the Company’s mortgage portfolio.
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.
During 2013, the Company began evaluating and purchasing residential mortgage loans through the secondary market. Each mortgage loan opportunity is reviewed individually, considering both the value of the underlying property and the credit worthiness of the borrower. We are utilizing a third party servicer to administer these loans. We purchased residential mortgages through the secondary market totaling approximately $14,010,000 and $2,116,000 during 2014 and 2013, respectively.
As of December 31, 2014 and 2013, 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 2014 or 2013.
The Company’s investments in mortgage loans, by state, are as follows:
	31-Dec
	2014			2013
Florida	$	6,047,236		$	2,622,740
California		4,806,451			942,036
Kentucky		3,492,854			3,740,272
Illinois		3,392,446			540,634
Georgia		3,123,530			2,339,300
Texas		2,290,700			2,432,643
Ohio		1,805,093			1,599,450
Tennessee		1,054,671			1,203,184
Arizona		927,600			506,134
West Virginia		440,725			467,480
North Carolina		359,308			589,779
Missouri		267,996			-
New Jersey		252,612			258,239
South Carolina		248,815			250,826
Massachusetts		239,399			283,341
Colorado		225,772			230,782
Idaho		174,433			188,882
Kansas		136,442			-
Indiana		95,434			10,935
Utah		77,919			-
Alabama		-			395,065
Total	$	29,459,436		$	18,601,722
At December 31, 2014, the Company held various real estate investments for the production of income totaling $1,123,089, which is reported net of accumulated depreciation of $561,459. At December 31, 2013, the Company’s real estate investments totaled $1,111,679, net of accumulated depreciation of $536,565.
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, 2014, 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	$	746,216		$	754,778
Due after one year through five years		2,500,881			2,739,016
Due after five years through ten years		3,040,771			3,837,237
Due after ten years		1,629,511			2,387,975
Total	$	7,917,379		$	9,719,006
The outstanding balance of state-guaranteed receivables, by state, as of December 31, 2014 and 2013 is summarized as follows:
	31-Dec
	2014			2013
New York	$	3,694,805		$	3,880,368
Massachusetts		1,969,570			1,927,350
Georgia		1,467,774			1,500,719
Pennsylvania		299,851			284,756
Texas		227,649			212,447
California		188,131			195,593
Ohio		69,599			83,874
Total	$	7,917,379		$	8,085,107
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:
	2014			2013
Fixed maturities	$	18,957,838		$	19,254,558
Equity securities		270,306			169,784
Mortgage loans on real estate		1,497,721			1,109,776
Policy loans		478,712			478,750
State-guaranteed receivables		557,812			568,978
Gain on investment in derivative		-			2,400
Other		232,606			229,825
Gross investment income		21,994,995			21,814,071
Investment expenses		832,260			1,152,929
Net investment income	$	21,162,735		$	20,661,142

Note_3_Fair_Values_of_Financia

Note 3 - Fair Values of Financial Instruments	12 Months Ended
	Dec. 31, 2014
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 that may fall 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 included the investment in derivative related to the bifurcated equity-indexed portion of a market-indexed note prior to its sale during the third quarter of 2013. The value of the derivative portion of this investment was derived from an option pricing model that utilizes the Dow Jones Industrial Average as of the measurement date 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, 2014 and 2013.
		31-Dec-14
		Level 1			Level 2		Level 3			Total
	U.S. government obligations	$	-		$	28,868,011	$	-		$	28,868,011
	States and political subdivisions		-			44,007,246		-			44,007,246
	Corporate		-			239,038,512		-			239,038,512
	Foreign		-			65,975,213		-			65,975,213
	Asset-backed securities		-			1,466,497		-			1,466,497
	Mortgage-backed securities:
	Commercial MBS		-			8,136,186		-			8,136,186
	Residential MBS		-			42,625,813		-			42,625,813
	Total fixed maturities	$	-		$	430,117,478	$	-		$	430,117,478
	U.S. agencies	$	707,900		$	-	$	-		$	707,900
	Mutual funds		358,322			-		-			358,322
	Corporate common stock		5,955,597			-		384,000			6,339,597
	Total equity securities	$	7,021,819		$	-	$	384,000		$	7,405,819
		31-Dec-13
		Level 1			Level 2		Level 3			Total
	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
	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
	The following table provides a summary of changes in fair value of our Level 3 financial instruments for the years ended December 31, 2014 and 2013.
		Year Ended December 31, 2014
					Corporate		Investment
					Common		in
		Corporate			Stock		Derivative			Total
	Beginning balance	$	-		$	384,000	$	-		$	384,000
	Transfers into Level 3		-			-		-			-
	Transfers out of Level 3		-			-		-			-
	Purchases		-			-		-			-
	Sales		-			-		-			-
	Total gains or losses:
	Included in earnings		-			-		-			-
	Included in other comprehensive loss		-			-		-			-
	Ending balance	$	-		$	384,000	$	-		$	384,000
		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
The Company experienced no transfers between Level 1 and Level 2 during the years ended December 31, 2014 or 2013. The Company experienced no transfers between Level 2 and Level 3 during the year ended December 31, 2014. The Company experienced four transfers of corporate fixed maturities from Level 3 to Level 2 during the year ended December 31, 2013. 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, 2014 and 2013, 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-14
	Carrying			Fair
	Amount			Value		Level 1			Level 2			Level 3
Assets:
Mortgage loans on real estate:
Commercial	$	12,961,492		$	13,693,557	$	-		$	-		$	13,693,557
Residential		16,497,944			18,392,927		-			-			18,392,927
Policy loans		6,665,493			6,665,493		-			-			6,665,493
State-guaranteed receivables		7,917,379			9,719,006		-			9,719,006			-
Other invested assets		3,270,848			3,270,848		-			-			3,270,848
Cash and cash equivalents		1,870,867			1,870,867		1,870,867			-			-
Accrued investment income		5,190,740			5,190,740		-			-			5,190,740
Cash value of company-owned life insurance		12,441,833			12,441,833		-			-			12,441,833
Liabilities:
Policyholder deposits (Investment-type contracts)		53,318,598			55,486,262		-			-			55,486,262
Policy claims		2,821,106			2,821,106		-			-			2,821,106
Obligations under capital leases		553,028			553,028		-			-			553,028
Notes payable		2,508,576			2,508,576		-			-			2,508,576
	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
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 mortgage loans, the discount rate was assumed to be the average yield on recent purchases less an expense factor. These investment fair values were moved from Level 2 to Level 3 in the fair value hierarchy during 2014 given the expansion of our residential mortgage loan activity and the unobservable inputs used to determine those fair values.
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, 2014
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:
		2014			2013
	Deferred tax liabilities:
	Policy acquisition costs	$	2,954,747		$	3,452,732
	Net unrealized gain on available-for-sale securities		9,140,543			5,108,319
	Due premiums		1,068,415			1,145,646
	Other		861,193			889,576
	Total deferred tax liabilities		14,024,898			10,596,273
	Deferred tax assets:
	Benefit reserves		3,229,901			3,540,549
	Other policyholder funds		376,530			474,581
	AMT credit carryforwards		511,673			501,101
	Accrued pension liability		1,748,090			981,867
	Other		373,254			493,284
	Total deferred tax assets		6,239,448			5,991,382
	Net deferred tax liabilities	$	7,785,450		$	4,604,891
	The Company periodically reviews its gross deferred tax assets for recoverability. At December 31, 2014 and 2013, 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:
		2014			2013
	Statutory federal income tax rate		34	%		34	%
	Small life insurance company deduction		(2.5	)		(18.0	)
	Dividends-received deduction		(1.4	)		(1.2	)
	Defined contribution plan dividend		(1.3	)		(1.4	)
	Nondeductible COLI expense		(7.2	)		(4.9	)
	Nontaxable COLI life insurance proceeds		(2.8	)		-
	Nondeductible travel & meals expense		1.3			0.8
	True-up of provision to actual		4.4			1.7
	Other		0.8			4.6
	Effective income tax rate		25.3	%		15.6	%
	We file U.S. federal income tax returns and income tax returns in various state jurisdictions. Our 2011 through 2014 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, 2014
Debt Disclosure [Abstract]
Debt Disclosure [Text Block]	NOTE 5 - Notes Payable
	On November 25, 2014, Investors Heritage Capital entered into a line of credit agreement for $1,500,000, maturing on November 25, 2016. This line of credit is designated for the purpose of funding the purchase of agent debit balance receivables from Investors Heritage Life. These agent debit balance receivables will be purchased at a discount by Investors Heritage Capital with servicing retained by Investors Heritage Life. Borrowings under the line of credit will be collateralized by the agent debit balances. This line of credit requires interest to be paid monthly at the prime rate. The Company has not yet borrowed any amounts under this line of credit.
	On November 5, 2012, the Company entered into a loan agreement to borrow $2,000,000 in order to fund a credit agreement to Puritan Financial Companies, Inc. On November 25, 2014, this note was amended to extend the maturity date to November 25, 2019 to correlate with an amendment to the Puritan promissory note and marketing agreement, as discussed further below. The amended loan agreement calls for interest to be paid quarterly at a rate of 0.25% under the prime rate. The note requires monthly principal payments of at least $15,000 beginning December 5, 2014 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.
	As stated above, 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 promissory note and the marketing agreement with Puritan Financial Group were amended on August 28, 2014 to extend the maturity date to August 28, 2019. These amendments allow the Company to withhold 15% of Puritan Financial’s earned commissions on certain products to pay down the note. Additionally, the amended note calls for quarterly payments of principal and interest and requires Puritan Financial to pay at least $400,000 annually toward the outstanding balance of the note from 2015 until the balance is paid in full. Any 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. The outstanding balance on this note receivable, which is included within other invested assets on the balance sheet, was $1,860,043 and $2,000,000 at December 31, 2014 and 2013, respectively.
	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 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. The remaining balance on this note was paid in full during 2014. Interest expense and interest paid on this note during 2014 were $15,795 and $18,164, respectively.
	Information relative to the Company’s outstanding notes payable at December 31, 2014 and 2013 is as follows:
	2014	Outstanding		Current			Maturity	Interest		Interest
		Principal		Interest Rate			Date	Expense		Paid
	At Need Funding line of credit	$	727,566		3.25	%	9/25/15	$	20,887	$	20,641
	Bank note		1,781,010		3	%	11/25/19		58,308		59,270
	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

Note_6_Employee_Benefit_Plans

Note 6 - Employee Benefit Plans	12 Months Ended
	Dec. 31, 2014
Compensation and Retirement Disclosure [Abstract]
Pension and Other Postretirement Benefits Disclosure [Text Block]	NOTE 6 - Employee Benefit Plans
	The Company sponsors the IHCC Employee Retirement Plan (the “Pension Plan”), which is a noncontributory defined benefit pension plan that was frozen in 2012 with respect to new benefit accruals. Participants in the plan at the time it was frozen may still continue earn vesting credit towards their Pension Plan benefit.
	The following table provides additional details relative to the Pension Plan as of December 31.
		2014			2013
	Change in projected benefit obligation:
	Benefit obligation at beginning of year	$	21,315,600		$	23,872,644
	Service cost		-			-
	Interest cost		1,045,055			668,720
	Actuarial (gain) loss		3,687,960			(2,575,030	)
	Benefits paid		(1,073,273	)		(650,734	)
	Benefit obligation at end of year		24,975,342			21,315,600
	Change in plan assets:
	Fair value of plan assets at beginning of year		18,427,757			16,661,125
	Actual return on plan assets		1,654,416			1,457,366
	Employer contributions		825,000			960,000
	Benefits paid		(1,073,273	)		(650,734	)
	Fair value of plan assets at end of year		19,833,900			18,427,757
	Funded status		(5,141,442	)		(2,887,843	)
	Unrecognized net actuarial loss		7,634,982			4,794,177
	Net amount recognized as prepaid benefit cost	$	2,493,540		$	1,906,334
	Components of net periodic benefit cost:
	Service cost	$	-		$	-
	Interest cost		1,045,055			668,720
	Expected return on plan assets		(1,197,674	)		(1,192,584	)
	Amortization of net (gain) loss		390,413			772,646
	Net periodic benefit cost	$	237,794		$	248,782
	Accumulated benefit obligation	$	24,975,342		$	21,315,600
	The portion of the accrued pension liability included in accumulated other comprehensive income at December 31, 2014 is $7,634,982, which has been recorded net of related tax of $2,595,894. 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. 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 2015 is $762,233.
	Actuarial assumptions used at December 31, 2014 and 2013 to determine benefit obligations and net periodic benefit cost are as follows:
		31-Dec
		2014			2013
	Discount rate		3.75	%		5	%
	Expected return on plan assets		6.5	%		7	%
	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, 2014 and 2013 are as follows:
		31-Dec
		2014			2013
	Pooled separate accounts	$	19,168,950		$	17,778,307
	Company common stock - 31,000 shares		664,950			649,450
	Pooled separate accounts held by the Pension Plan at December 31, 2014 and 2013 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, 2014 and 2013 are considered Level 2 assets and are valued based on observable inputs, such as quoted prices in markets with limited activity. Dividends of $6,200 and $7,750 were paid to the plan in 2014 and 2013, respectively, on the Company common stock. The plan made no purchases or sales of Company common stock during 2014 or 2013.
	A summary of the allocation of plan assets by investment type as of December 31, 2014 and 2013 is as follows:
		31-Dec
		2014			2013
	Fixed income pooled separate accounts		67	%		61	%
	Equity pooled separate accounts		30	%		35	%
	Company common stock		3	%		4	%
	The Company expects to contribute approximately $300,000 to its pension plan in 2015.
	The following estimated future benefit payments are expected to be paid:
		Pension Benefits
	2015	$	2,470,000
	2016		1,480,000
	2017		2,160,000
	2018		1,290,000
	2019		1,290,000
	2020-2024		7,410,000
	The Company sponsors a 401(k) defined contribution plan known as the IHCC Retirement Savings Plan and Trust (the “Old 401(k) Plan”), which was frozen in 2012 relative to allowable new contributions. The only remaining investments held within the Old 401(k) Plan consist of Company stock. Upon distribution of the Company stock by the Old 401(k) Plan, the participant has the right to hold the stock, sell the stock on the open market, subject to a right of first refusal in favor of the Company, or sell the stock back to the Company at its then fair market value as determined by an independent appraiser.  Under the put option, the Company has the right to purchase the stock in substantially equal annual installments over a period not exceeding five years.
	The Company also sponsors a traditional 401(k) retirement plan, the IHCC 401(k) Retirement Plan (the “Retirement Plan”). Employees are eligible to participate in the Retirement Plan on the first day of employment. Under the Retirement Plan, the Company matches 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.
	Information relative to the assets within both the Old 401(k) Plan and the Retirement Plan as of December 31, 2014 and 2013, along with employer contributions expensed and dividends paid on Company stock for the years then ended, are as follows:
		31-Dec
		2014			2013
	Old 401(k) Plan
	Company common stock:
Shares held		294,467			331,559
Fair value	$	6,316,313		$	6,863,275
Retirement Plan
Mutual funds - fair value	$	2,119,209		$	1,635,830
	For the Year Ended December 31
	2014			2013
Old 401(k) Plan
Employer contributions	$	-		$	-
Dividends on Company stock		66,312			86,286
Retirement Plan
Employer contributions	$	466,926		$	316,206
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, 2014 and 2013, along with employer contributions expensed and dividends paid on Company stock for the years then ended, are as follows:
	31-Dec
	2014			2013
Company common stock:
Shares held		21,020			20,820
Fair value	$	450,889		$	430,984
Mutual funds - fair value		140,770			69,136
Cash and cash equivalents		5,816			3,486
	For the Year Ended December 31
	2014			2013
Employer contributions	$	35,010		$	24,978
Dividends on Company stock		4,164			5,220

Note_7_Stockholders_Equity_and

Note 7 - Stockholders' Equity and Dividend Restrictions	12 Months Ended
	Dec. 31, 2014
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 2015, the maximum dividend that Investors Heritage Life can pay to Investors Heritage Capital without regulatory approval is $773,505.

Note_8_Statutory_Accounting_Pr

Note 8 - Statutory Accounting Practices	12 Months Ended
	Dec. 31, 2014
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 $20,868,262 and $20,212,394 at December 31, 2014 and 2013, respectively. Statutory-basis net income was $848,303 and $1,233,527 for 2014 and 2013, 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, 2014
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:
		2014			2013
		(000's omitted)
	Revenue:
	Preneed and burial products	$	47,445		$	49,457
	Traditional and universal life products		21,226			28,650
	Administrative and financial services		1,244			1,215
	Corporate and other		983			798
		$	70,898		$	80,120
	Pre-tax income (loss) from operations:
	Preneed and burial products	$	(34	)	$	816
	Traditional and universal life products		1,286			968
	Administrative and financial services		284			306
	Corporate and other		160			37
		$	1,696		$	2,127
	Assets:
	Preneed and burial products	$	375,219		$	375,905
	Traditional and universal life products		120,377			109,777
	Administrative and financial services		9,496			9,937
	Corporate and other		80,121			67,990
		$	585,213		$	563,609
	Amortization and depreciation expense:
	Preneed and burial products	$	5,458		$	5,866
	Traditional and universal life products		1,987			1,726
	Administrative and financial services		278			264
	Corporate and other		373			360
		$	8,096		$	8,216
	Included in the corporate and other revenue and pre-tax income above and as a component of other income in the consolidated statement of income for the year ended December 31, 2014 is $141,907 of net life insurance proceeds received under a company-owned life insurance policy upon the death of a former board member.
	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, 2014
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 2014 and 2013 through coinsurance agreements with various companies. The Company administers the ceded credit life and accident insurance for an agreed-upon fee. During 2014 and 2013, the Company received $242,327 and $272,264, 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, 2014 and 2013 were $8,789,529 and $9,243,869, respectively. Additionally, unearned premium reserves were reduced by $7,810,299 and $8,186,589 at December 31, 2014 and 2013, 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 Re (US) (formerly ceded to Scottish Annuity and Life Insurance Company (Cayman) Ltd. prior to novation between the companies in 2014). Benefit reserves ceded to Scottish and included in the amounts recoverable from reinsurers approximated $19,806,000 and $21,092,000 at December 31, 2014 and 2013, 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”). Benefit reserves ceded to Puritan and included in the amounts recoverable from reinsurers approximated $16,931,000 and $14,281,000 at December 31, 2014 and 2013, 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 certain policies sold by Puritan and Sterling Investors Life Insurance Company. 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 $3,310,000 and $10,033,000 for the years ended December 31, 2014 and 2013, respectively.
	Reinsurance ceded and assumed amounts included in the consolidated statements of income are as follows:
		2014		2013
	Premiums ceded	$	13,687,074	$	14,105,855
	Premiums assumed		3,346,657		10,044,766
	Commission and expense allowances		3,443,836		3,238,144
	Benefit recoveries		7,703,390		8,157,180
	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, 2014
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, 2014 and 2013.
		Year Ended December 31, 2014
					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	$	12,863,346		$	4,356,021		$	8,507,325
	Reclassification adjustment for gains included in income		(710,632	)		(224,098	)		(486,534	)
	Adjustment for effect of deferred acquisition costs		(293,231	)		(99,699	)		(193,532	)
	Net unrealized gains on investments		11,859,483			4,032,224			7,827,259
	Change in defined benefit pension plan:
	Actuarial net loss on pension plan		(3,231,218	)		(1,098,614	)		(2,132,604	)
	Amortization of actuarial net loss in net periodic pension cost		390,413			132,740			257,673
	Net change in defined benefit pension plan		(2,840,805	)		(965,874	)		(1,874,931	)
	Total other comprehensive income	$	9,018,678		$	3,066,350		$	5,952,328
		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	)
	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, 2014 and 2013 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, 2014:
	Beginning balance	$	9,916,148		$	(3,164,157	)	$	6,751,991
	Other comprehensive income (loss) before reclassifications		8,313,793			(2,132,604	)		6,181,189
	Amounts reclassified from accumulated other comprehensive income		(486,534	)		257,673			(228,861	)
	Net current period other comprehensive income (loss)		7,827,259			(1,874,931	)		5,952,328
	Ending balance	$	17,743,407		$	(5,039,088	)	$	12,704,319
	For the year ended December 31, 2013:
	Beginning balance	$	28,088,103		$	(5,548,379	)	$	22,539,724
	Other comprehensive income (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
	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, 2014 and 2013.
		Year Ended December 31,
	Reclassification Adjustments	2014			2013
	Unrealized gains on available-for-sale securities:
	Realized gains on sale of securities (a)	$	710,632		$	2,499,511
	Income tax expense (c)		(224,098	)		(319,944	)
	Net of tax		486,534			2,179,567
	Defined benefit pension plans:
	Amortization of actuarial net loss (b)		(390,413	)		(772,646	)
	Income tax benefit (c)		132,740			262,700
	Net of tax		(257,673	)		(509,946	)
	Total reclassifications for the period	$	228,861		$	1,669,621
	(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, 2014
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, 2014
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.
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 their aggregate principal balance, adjusted for any unamortized premium or discount.
	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.
	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 2014 and 2013 totaled $85,019 and $127,611, respectively. Accumulated amortization was $620,319 and $535,300 at December 31, 2014 and 2013, respectively. Estimated annual amortization will be approximately $76,000, $70,000, $63,000, $44,000, and $13,000 in 2015 through 2019, 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 $3,860,908 and $3,728,657 at December 31, 2014 and 2013, respectively.
Lease, Policy [Policy Text Block]	Capital Leases: During 2014, the Company entered into five new capital leases totaling $13,450 at inception. During 2013, the Company entered into four new capital leases totaling $752,861 at inception. One of the 2013 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 2014 and 2013 relating to previously existing capital leases were $501,379 and $352,775, respectively. Future minimum lease payments for 2015 through 2019 are $331,392; $256,637; $6,520; $632; and $0, respectively. The present value of net minimum lease payments at December 31, 2014 was $553,028, which is equal to the total future minimum lease payments of $595,181 less imputed interest of $42,153. Accumulated amortization on the leased property was $992,449 and $586,237 at December 31, 2014 and 2013, 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, 2014 and 2013, amounts recoverable from reinsurers were $55,910,993 and $55,669,088, respectively. These amounts included reserves ceded to reinsurers of $55,154,752 and $54,256,096 at December 31, 2014 and 2013, 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, 2014 and 2013, the Company’s policy claims liability includes an estimate of $940,600 and $1,679,764, respectively, 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 Policy [Policy Text Block]	Participating Policies: Participating business approximates 15% and 17% of ordinary life insurance in force at December 31, 2014 and 2013, respectively. Premiums relative to participating business comprised approximately 3% of net premiums for the years ended December 31, 2014 and 2013. 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 4.50% 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 2014 and 2013 were 1,126,365 and 1,137,156 shares, respectively. The Company paid cash dividends per share of $0.20 and $0.25 in 2014 and 2013, respectively.
Subsequent Events, Policy [Policy Text Block]	Subsequent Events: Management has evaluated all events subsequent to December 31, 2014 through the date that these consolidated financial statements were available to be issued.
New Accounting Pronouncements, Policy [Policy Text Block]	New Accounting Standards: In May 2014, the Financial Accounting Standards Board (“FASB”) issued guidance regarding accounting for revenue recognition that identifies the accounting treatment for an entity’s contracts with customers. Certain contracts, including insurance contracts, are specifically excluded from this guidance. This guidance is effective for public entities for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period.  The Company has not yet adopted this guidance, but it is not expected to have a material impact on its financial position, cash flows or results of operations.
	In August 2014, the FASB issued guidance that requires management to evaluate whether there are concerns or events that raise substantial doubt about the entity's ability to continue as a going concern within one year after the date the financial statements are issued. Disclosures are required when certain criteria are met. This guidance is effective for annual periods ending after December 15, 2016 and for annual periods and interim periods thereafter. The Company has not yet adopted this guidance, but it is not expected to have a material impact on the consolidated financial statements.
	In January 2014, the FASB issued updated guidance for troubled debt restructurings clarifying when an in substance repossession or foreclosure occurs, and when a creditor is considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan. The new guidance is effective for annual periods and interim periods within those annual periods, beginning after December 15, 2014. This guidance can be elected for prospective adoption or by using a modified retrospective transition method. The Company has not yet adopted this guidance, but it is not expected to have a significant impact on the Company’s consolidated financial position, results of operations or financial statement disclosures.
	In April 2014, the FASB issued updated guidance that changes the criteria for reporting discontinued operations and introduces new disclosures. The new guidance is effective prospectively to new disposals and new classifications of disposal groups as held for sale that occur within annual periods beginning on or after December 15, 2014, and interim periods within those annual periods. Early adoption is permitted for new disposals or new classifications as held for sale that have not been reported in financial statements previously issued or available for issuance. The Company has not yet adopted this guidance, but it is not expected to have a significant impact on the Company’s consolidated financial position, results of operations or financial statement disclosures.
	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 or were not expected to have a material impact to the consolidated financial statements.
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, 2014
Investments Disclosure [Abstract]
Schedule of Available-for-sale Securities Reconciliation [Table Text Block]	2014	Amortized			Gross Unrealized			Gross Unrealized		Fair
		Cost			Gains			Losses		Value
	Available-for-sale securities:
	U.S. government obligations	$	28,063,178		$	820,997		$	16,164	$	28,868,011
	States and political subdivisions		38,021,271			5,985,975			-		44,007,246
	Corporate		224,299,411			15,669,733			930,632		239,038,512
	Foreign		63,792,040			2,934,542			751,369		65,975,213
	Asset-backed securities		1,432,996			33,501			-		1,466,497
	Mortgage-backed securities (MBS):
	Commercial MBS		7,869,355			266,831			-		8,136,186
	Residential MBS		40,118,010			2,507,809			6		42,625,813
	Total fixed maturity securities		403,596,261			28,219,388			1,698,171		430,117,478
	Equity securities:
	U.S. agencies		707,900			-			-		707,900
	Mutual funds		318,284			40,038			-		358,322
	Corporate common stock		5,305,252			1,157,718			123,373		6,339,597
	Total equity securities		6,331,436			1,197,756			123,373		7,405,819
	Total	$	409,927,697		$	29,417,144		$	1,821,544	$	437,523,297
	2013	Amortized			Gross Unrealized			Gross Unrealized		Fair
		Cost			Gains			Losses		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
Schedule of Temporary Impairment Losses, Investments [Table Text Block]		31-Dec-14								31-Dec-13
					Gross			Number				Gross		Number
		Estimated			Unrealized			of		Estimated		Unrealized		of
		Fair Value			Loss			Securities		Fair Value		Loss		Securities
	Fixed Maturities:
	Less than 12 months:
	U.S. government obligations	$	-		$	-			-	$	17,401,555	$	703,570		3
	States and political subdivisions		-			-			-		1,239,103		60,898		2
	Corporate		12,473,068			508,818			7		56,249,758		2,076,123		37
	Foreign		10,374,173			310,267			7		26,858,417		1,395,450		15
	Residential MBS		16,862			6			1		18,187,588		345,062		4
	Greater than 12 months:
	U.S. government obligations		7,736,774			16,164			1		-		-		-
	Corporate		3,828,887			421,814			3		1,072,341		175,763		1
	Foreign		4,724,455			441,102			2		-		-		-
	Total fixed maturities		39,154,219			1,698,171			21		121,008,762		4,756,866		62
	Equities:
	Less than 12 months:
	Corporate common stock		527,614			103,438			4		2,806,072		494,264		24
	Greater than 12 months:
	Corporate common stock		525,865			19,935			4		-		-		-
	Total equities		1,053,479			123,373			8		2,806,072		494,264		24
	Total	$	40,207,698		$	1,821,544			29	$	123,814,834	$	5,251,130		86
Unrealized Gain (Loss) on Investments [Table Text Block]		31-Dec
		2014			2013
	Net unrealized appreciation on available-for sale securities	$	27,595,600		$	15,442,886
	Adjustment to deferred acquisition costs		(711,650	)		(418,419	)
	Deferred income taxes		(9,140,543	)		(5,108,319	)
	Net unrealized appreciation on available-for sale securities	$	17,743,407		$	9,916,148
Investments Classified by Contractual Maturity Date [Table Text Block]		Available-for-Sale
		Amortized			Fair
		Cost			Value
	Due in one year or less	$	8,968,681		$	9,162,988
	Due after one year through five years		75,338,168			82,333,643
	Due after five years through ten years		189,328,076			198,251,026
	Due after ten years		56,143,960			63,199,501
	Due at multiple maturity dates		73,817,376			77,170,320
	Total	$	403,596,261		$	430,117,478
Realized Gain (Loss) on Investments [Table Text Block]		2014			2013
	Proceeds from sales and maturities	$	46,446,460		$	94,899,207
	Gross realized gains		974,260			2,613,961
	Gross realized losses		(263,628	)		(114,450	)
Realized and Unrealized Gains (Losses) on Investments [Table Text Block]		2014			2013
	Change in unrealized investment gains (losses):
	Available-for-sale:
	Fixed maturities	$	11,008,303		$	(28,440,122	)
	Equity securities		1,144,411			(339,614	)
	Realized investment gains (losses):
	Available-for-sale:
	Fixed maturities	$	682,604		$	2,505,340
	Equity securities		28,028			(5,829	)
Schedule of Mortgage Loans on Real Estate [Table Text Block]		31-Dec
		2014			2013
	Florida	$	6,047,236		$	2,622,740
	California		4,806,451			942,036
	Kentucky		3,492,854			3,740,272
	Illinois		3,392,446			540,634
	Georgia		3,123,530			2,339,300
	Texas		2,290,700			2,432,643
	Ohio		1,805,093			1,599,450
	Tennessee		1,054,671			1,203,184
	Arizona		927,600			506,134
	West Virginia		440,725			467,480
	North Carolina		359,308			589,779
	Missouri		267,996			-
	New Jersey		252,612			258,239
	South Carolina		248,815			250,826
	Massachusetts		239,399			283,341
	Colorado		225,772			230,782
	Idaho		174,433			188,882
	Kansas		136,442			-
	Indiana		95,434			10,935
	Utah		77,919			-
	Alabama		-			395,065
	Total	$	29,459,436		$	18,601,722
State Guaranteed Receivables, Classified by Contractual Maturity Date [Table Text Block]		State-Guaranteed Receivables
		Amortized			Fair
		Cost			Value
	Due in one year or less	$	746,216		$	754,778
	Due after one year through five years		2,500,881			2,739,016
	Due after five years through ten years		3,040,771			3,837,237
	Due after ten years		1,629,511			2,387,975
	Total	$	7,917,379		$	9,719,006
Schedule Of Payments On State Guaranteed Receivables By State [Table Text Block]		31-Dec
		2014			2013
	New York	$	3,694,805		$	3,880,368
	Massachusetts		1,969,570			1,927,350
	Georgia		1,467,774			1,500,719
	Pennsylvania		299,851			284,756
	Texas		227,649			212,447
	California		188,131			195,593
	Ohio		69,599			83,874
	Total	$	7,917,379		$	8,085,107
Investment Income [Table Text Block]		2014			2013
	Fixed maturities	$	18,957,838		$	19,254,558
	Equity securities		270,306			169,784
	Mortgage loans on real estate		1,497,721			1,109,776
	Policy loans		478,712			478,750
	State-guaranteed receivables		557,812			568,978
	Gain on investment in derivative		-			2,400
	Other		232,606			229,825
	Gross investment income		21,994,995			21,814,071
	Investment expenses		832,260			1,152,929
	Net investment income	$	21,162,735		$	20,661,142

Note_3_Fair_Values_of_Financia1

Note 3 - Fair Values of Financial Instruments (Tables)	12 Months Ended
	Dec. 31, 2014
Fair Value Disclosures [Abstract]
Fair Value, Assets Measured on Recurring Basis [Table Text Block]		31-Dec-14
		Level 1			Level 2		Level 3			Total
	U.S. government obligations	$	-		$	28,868,011	$	-		$	28,868,011
	States and political subdivisions		-			44,007,246		-			44,007,246
	Corporate		-			239,038,512		-			239,038,512
	Foreign		-			65,975,213		-			65,975,213
	Asset-backed securities		-			1,466,497		-			1,466,497
	Mortgage-backed securities:
	Commercial MBS		-			8,136,186		-			8,136,186
	Residential MBS		-			42,625,813		-			42,625,813
	Total fixed maturities	$	-		$	430,117,478	$	-		$	430,117,478
	U.S. agencies	$	707,900		$	-	$	-		$	707,900
	Mutual funds		358,322			-		-			358,322
	Corporate common stock		5,955,597			-		384,000			6,339,597
	Total equity securities	$	7,021,819		$	-	$	384,000		$	7,405,819
		31-Dec-13
		Level 1			Level 2		Level 3			Total
	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
	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
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]		Year Ended December 31, 2014
					Corporate		Investment
					Common		in
		Corporate			Stock		Derivative			Total
	Beginning balance	$	-		$	384,000	$	-		$	384,000
	Transfers into Level 3		-			-		-			-
	Transfers out of Level 3		-			-		-			-
	Purchases		-			-		-			-
	Sales		-			-		-			-
	Total gains or losses:
	Included in earnings		-			-		-			-
	Included in other comprehensive loss		-			-		-			-
	Ending balance	$	-		$	384,000	$	-		$	384,000
		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
Fair Value, by Balance Sheet Grouping [Table Text Block]		31-Dec-14
		Carrying			Fair
		Amount			Value		Level 1			Level 2			Level 3
	Assets:
	Mortgage loans on real estate:
	Commercial	$	12,961,492		$	13,693,557	$	-		$	-		$	13,693,557
	Residential		16,497,944			18,392,927		-			-			18,392,927
	Policy loans		6,665,493			6,665,493		-			-			6,665,493
	State-guaranteed receivables		7,917,379			9,719,006		-			9,719,006			-
	Other invested assets		3,270,848			3,270,848		-			-			3,270,848
	Cash and cash equivalents		1,870,867			1,870,867		1,870,867			-			-
	Accrued investment income		5,190,740			5,190,740		-			-			5,190,740
	Cash value of company-owned life insurance		12,441,833			12,441,833		-			-			12,441,833
	Liabilities:
	Policyholder deposits (Investment-type contracts)		53,318,598			55,486,262		-			-			55,486,262
	Policy claims		2,821,106			2,821,106		-			-			2,821,106
	Obligations under capital leases		553,028			553,028		-			-			553,028
	Notes payable		2,508,576			2,508,576		-			-			2,508,576
		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

Note_4_Federal_Income_Taxes_Ta

Note 4 - Federal Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2014
Income Tax Disclosure [Abstract]
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]		2014			2013
	Deferred tax liabilities:
	Policy acquisition costs	$	2,954,747		$	3,452,732
	Net unrealized gain on available-for-sale securities		9,140,543			5,108,319
	Due premiums		1,068,415			1,145,646
	Other		861,193			889,576
	Total deferred tax liabilities		14,024,898			10,596,273
	Deferred tax assets:
	Benefit reserves		3,229,901			3,540,549
	Other policyholder funds		376,530			474,581
	AMT credit carryforwards		511,673			501,101
	Accrued pension liability		1,748,090			981,867
	Other		373,254			493,284
	Total deferred tax assets		6,239,448			5,991,382
	Net deferred tax liabilities	$	7,785,450		$	4,604,891
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]		2014			2013
	Statutory federal income tax rate		34	%		34	%
	Small life insurance company deduction		(2.5	)		(18.0	)
	Dividends-received deduction		(1.4	)		(1.2	)
	Defined contribution plan dividend		(1.3	)		(1.4	)
	Nondeductible COLI expense		(7.2	)		(4.9	)
	Nontaxable COLI life insurance proceeds		(2.8	)		-
	Nondeductible travel & meals expense		1.3			0.8
	True-up of provision to actual		4.4			1.7
	Other		0.8			4.6
	Effective income tax rate		25.3	%		15.6	%

Note_5_Notes_Payable_Tables

Note 5 - Notes Payable (Tables)	12 Months Ended
	Dec. 31, 2014
Debt Disclosure [Abstract]
Schedule of Debt [Table Text Block]	2014	Outstanding		Current			Maturity	Interest		Interest
		Principal		Interest Rate			Date	Expense		Paid
	At Need Funding line of credit	$	727,566		3.25	%	9/25/15	$	20,887	$	20,641
	Bank note		1,781,010		3	%	11/25/19		58,308		59,270
	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

Note_6_Employee_Benefit_Plans_

Note 6 - Employee Benefit Plans (Tables)	12 Months Ended
	Dec. 31, 2014
Compensation and Retirement Disclosure [Abstract]
Schedule of Defined Benefit Plans Disclosures [Table Text Block]		2014			2013
	Change in projected benefit obligation:
	Benefit obligation at beginning of year	$	21,315,600		$	23,872,644
	Service cost		-			-
	Interest cost		1,045,055			668,720
	Actuarial (gain) loss		3,687,960			(2,575,030	)
	Benefits paid		(1,073,273	)		(650,734	)
	Benefit obligation at end of year		24,975,342			21,315,600
	Change in plan assets:
	Fair value of plan assets at beginning of year		18,427,757			16,661,125
	Actual return on plan assets		1,654,416			1,457,366
	Employer contributions		825,000			960,000
	Benefits paid		(1,073,273	)		(650,734	)
	Fair value of plan assets at end of year		19,833,900			18,427,757
	Funded status		(5,141,442	)		(2,887,843	)
	Unrecognized net actuarial loss		7,634,982			4,794,177
	Net amount recognized as prepaid benefit cost	$	2,493,540		$	1,906,334
	Components of net periodic benefit cost:
	Service cost	$	-		$	-
	Interest cost		1,045,055			668,720
	Expected return on plan assets		(1,197,674	)		(1,192,584	)
	Amortization of net (gain) loss		390,413			772,646
	Net periodic benefit cost	$	237,794		$	248,782
	Accumulated benefit obligation	$	24,975,342		$	21,315,600
Schedule of Assumptions Used [Table Text Block]		31-Dec
		2014			2013
	Discount rate		3.75	%		5	%
	Expected return on plan assets		6.5	%		7	%
Schedule of Changes in Fair Value of Plan Assets [Table Text Block]		31-Dec
		2014			2013
	Pooled separate accounts	$	19,168,950		$	17,778,307
	Company common stock - 31,000 shares		664,950			649,450
Schedule of Allocation of Plan Assets [Table Text Block]		31-Dec
		2014			2013
	Fixed income pooled separate accounts		67	%		61	%
	Equity pooled separate accounts		30	%		35	%
	Company common stock		3	%		4	%
Schedule of Expected Benefit Payments [Table Text Block]		Pension Benefits
	2015	$	2,470,000
	2016		1,480,000
	2017		2,160,000
	2018		1,290,000
	2019		1,290,000
	2020-2024		7,410,000
Defined Contributions Schedule [Table Text Block]		31-Dec
		2014			2013
	Old 401(k) Plan
	Company common stock:
	Shares held		294,467			331,559
	Fair value	$	6,316,313		$	6,863,275
	Retirement Plan
	Mutual funds - fair value	$	2,119,209		$	1,635,830
		For the Year Ended December 31
		2014			2013
	Old 401(k) Plan
	Employer contributions	$	-		$	-
	Dividends on Company stock		66,312			86,286
	Retirement Plan
	Employer contributions	$	466,926		$	316,206
Deferred Compensation Arrangement with Individual Disclosure, Postretirement Benefits [Table Text Block]		31-Dec
		2014			2013
	Company common stock:
	Shares held		21,020			20,820
	Fair value	$	450,889		$	430,984
	Mutual funds - fair value		140,770			69,136
	Cash and cash equivalents		5,816			3,486
		For the Year Ended December 31
		2014			2013
	Employer contributions	$	35,010		$	24,978
	Dividends on Company stock		4,164			5,220

Note_9_Segment_Data_Tables

Note 9 - Segment Data (Tables)	12 Months Ended
	Dec. 31, 2014
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment [Table Text Block]		2014			2013
		(000's omitted)
	Revenue:
	Preneed and burial products	$	47,445		$	49,457
	Traditional and universal life products		21,226			28,650
	Administrative and financial services		1,244			1,215
	Corporate and other		983			798
		$	70,898		$	80,120
	Pre-tax income (loss) from operations:
	Preneed and burial products	$	(34	)	$	816
	Traditional and universal life products		1,286			968
	Administrative and financial services		284			306
	Corporate and other		160			37
		$	1,696		$	2,127
	Assets:
	Preneed and burial products	$	375,219		$	375,905
	Traditional and universal life products		120,377			109,777
	Administrative and financial services		9,496			9,937
	Corporate and other		80,121			67,990
		$	585,213		$	563,609
	Amortization and depreciation expense:
	Preneed and burial products	$	5,458		$	5,866
	Traditional and universal life products		1,987			1,726
	Administrative and financial services		278			264
	Corporate and other		373			360
		$	8,096		$	8,216

Note_10_Reinsurance_Tables

Note 10 - Reinsurance (Tables)	12 Months Ended
	Dec. 31, 2014
Reinsurance Disclosures [Abstract]
Schedule of Reinsurance Ceded and Assumed [TableText Block]		2014		2013
	Premiums ceded	$	13,687,074	$	14,105,855
	Premiums assumed		3,346,657		10,044,766
	Commission and expense allowances		3,443,836		3,238,144
	Benefit recoveries		7,703,390		8,157,180

Note_11_Other_Comprehensive_In1

Note 11 - Other Comprehensive Income (Tables)	12 Months Ended
	Dec. 31, 2014
Disclosure Text Block [Abstract]
Comprehensive Income (Loss) [Table Text Block]		Year Ended December 31, 2014
					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	$	12,863,346		$	4,356,021		$	8,507,325
	Reclassification adjustment for gains included in income		(710,632	)		(224,098	)		(486,534	)
	Adjustment for effect of deferred acquisition costs		(293,231	)		(99,699	)		(193,532	)
	Net unrealized gains on investments		11,859,483			4,032,224			7,827,259
	Change in defined benefit pension plan:
	Actuarial net loss on pension plan		(3,231,218	)		(1,098,614	)		(2,132,604	)
	Amortization of actuarial net loss in net periodic pension cost		390,413			132,740			257,673
	Net change in defined benefit pension plan		(2,840,805	)		(965,874	)		(1,874,931	)
	Total other comprehensive income	$	9,018,678		$	3,066,350		$	5,952,328
		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	)
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, 2014:
	Beginning balance	$	9,916,148		$	(3,164,157	)	$	6,751,991
	Other comprehensive income (loss) before reclassifications		8,313,793			(2,132,604	)		6,181,189
	Amounts reclassified from accumulated other comprehensive income		(486,534	)		257,673			(228,861	)
	Net current period other comprehensive income (loss)		7,827,259			(1,874,931	)		5,952,328
	Ending balance	$	17,743,407		$	(5,039,088	)	$	12,704,319
	For the year ended December 31, 2013:
	Beginning balance	$	28,088,103		$	(5,548,379	)	$	22,539,724
	Other comprehensive income (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
Schedule of Amounts Recognized in Other Comprehensive Income (Loss) [Table Text Block]		Year Ended December 31,
	Reclassification Adjustments	2014			2013
	Unrealized gains on available-for-sale securities:
	Realized gains on sale of securities (a)	$	710,632		$	2,499,511
	Income tax expense (c)		(224,098	)		(319,944	)
	Net of tax		486,534			2,179,567
	Defined benefit pension plans:
	Amortization of actuarial net loss (b)		(390,413	)		(772,646	)
	Income tax benefit (c)		132,740			262,700
	Net of tax		(257,673	)		(509,946	)
	Total reclassifications for the period	$	228,861		$	1,669,621

Note_1_Nature_of_Operations_an1

Note 1 - Nature of Operations and Accounting Policies (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Note 1 - Nature of Operations and Accounting Policies (Details) [Line Items]
Percent of Revenue	99.00%
Amortization of Value of Business Acquired (VOBA)	$85,019	$127,611
Finite-Lived Intangible Assets, Amortization Expense, Next Twelve Months	76,000
Finite-Lived Intangible Assets, Amortization Expense, Year Two	70,000
Finite-Lived Intangible Assets, Amortization Expense, Year Three	63,000
Finite-Lived Intangible Assets, Amortization Expense, Year Four	44,000
Finite-Lived Intangible Assets, Amortization Expense, Year Five	13,000
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment	3,860,908	3,728,657
Capital Leased Assets Number of Units New During Period	5	4
Capital Lease Obligations Incurred	13,450	752,861
Repayments of Long-term Capital Lease Obligations	501,379	352,775
Capital Leases, Future Minimum Payments Due, Next Twelve Months	331,392
Capital Leases, Future Minimum Payments Due in Two Years	256,637
Capital Leases, Future Minimum Payments Due in Three Years	6,520
Capital Leases, Future Minimum Payments Due in Four Years	632
Capital Leases, Future Minimum Payments Due in Five Years	0
Capital Lease Obligations	553,028	943,488
Capital Leases, Future Minimum Payments Due	595,181
Capital Leases, Future Minimum Payments, Interest Included in Payments	42,153
Reinsurance Recoverables	55,910,993	55,669,088
Policy Claims Liability Estimate of Outstanding Claims	940,600	1,679,764
Participating Policies as Percentage of Gross Insurance in Force	15.00%	17.00%
Liability for Future Policy Benefit by Product Segment, Interest Rate, Year of Issue	3.00%	3.00%
Investment Yields Used for Expected Gross Profits	4.50%
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)	1,126,365	1,137,156
Common Stock, Dividends, Per Share, Cash Paid (in Dollars per share)	$0.20	$0.25
Reserves Ceded to Reinsurers [Member]
Note 1 - Nature of Operations and Accounting Policies (Details) [Line Items]
Reinsurance Recoverables	55,154,752	54,256,096
Leaseholds and 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	992,449	586,237
Insurance Contracts Acquired in Business Combination [Member]
Note 1 - Nature of Operations and Accounting Policies (Details) [Line Items]
Finite-Lived Intangible Assets, Accumulated Amortization	$620,319	$535,300
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	6 Months Ended	12 Months Ended
	Sep. 30, 2013	Jun. 30, 2013	Dec. 31, 2014	Dec. 31, 2013
Note 2 - Investments (Details) [Line Items]
Restricted Cash and Investments			$23,951,372	$25,209,390
Mortgage Loans, Commercial Percentage			41.90%	79.60%
Mortgage Loans, Residential Percentage			58.10%	20.40%
Maximum Loan to Value Ratio Required			80.00%
Minimum Debt Service Coverage Required			115.00%
Residential Mortgages Purchased Through the Secondary Market			14,010,000	2,116,000
Real Estate Investment Property, at Cost			1,123,089	1,111,679
Real Estate Investment Property, Accumulated Depreciation			561,459	536,565
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
Fixed Maturities [Member]
Note 2 - Investments (Details) [Line Items]
Minimum Fair Value to Cost Ratio			86.00%	84.00%
Equity Securities [Member]
Note 2 - Investments (Details) [Line Items]
Minimum Fair Value to Cost Ratio			78.00%	70.00%
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

Note_2_Investments_Details_Ava

Note 2 - Investments (Details) - Available-for-sale Securities (USD $)	Dec. 31, 2014	Dec. 31, 2013
Available-for-sale securities:
Fixed maturity securities, amortized cost	$403,596,261	$402,396,191
Fixed maturity securities, gross unrealized gains	28,219,388
Fixed maturity securities, gross unrealized losses	1,698,171
Fixed maturity securities	430,117,478	417,909,105
Equity securities:
Equity securities, amortized cost	6,331,436	5,888,361
Equity securities	7,405,819	5,818,333
Securities, amortized cost	409,927,697	408,284,552
Securities, gross unrealized gains	29,417,144	20,694,016
Securities, gross unrealized losses	1,821,544	5,251,130
Securities	437,523,297	423,727,438
US Government Agencies Debt Securities [Member]
Available-for-sale securities:
Fixed maturity securities, amortized cost	28,063,178	34,485,660
Fixed maturity securities, gross unrealized gains	820,997	793,701
Fixed maturity securities, gross unrealized losses	16,164	703,570
Fixed maturity securities	28,868,011	34,575,791
Equity securities:
Securities	28,868,011	34,575,791
US States and Political Subdivisions Debt Securities [Member]
Available-for-sale securities:
Fixed maturity securities, amortized cost	38,021,271	39,910,030
Fixed maturity securities, gross unrealized gains	5,985,975	3,145,632
Fixed maturity securities, gross unrealized losses		60,898
Fixed maturity securities	44,007,246	42,994,764
Equity securities:
Securities	44,007,246	42,994,764
Corporate Debt Securities [Member]
Available-for-sale securities:
Fixed maturity securities, amortized cost	224,299,411	217,659,449
Fixed maturity securities, gross unrealized gains	15,669,733	12,535,411
Fixed maturity securities, gross unrealized losses	930,632	2,251,886
Fixed maturity securities	239,038,512	227,942,974
Equity securities:
Securities	239,038,512	227,942,974
Foreign [Member]
Available-for-sale securities:
Fixed maturity securities, amortized cost	63,792,040	56,960,366
Fixed maturity securities, gross unrealized gains	2,934,542	2,081,436
Fixed maturity securities, gross unrealized losses	751,369	1,395,450
Fixed maturity securities	65,975,213	57,646,352
Equity securities:
Securities	65,975,213	57,646,352
Asset-backed Securities [Member]
Available-for-sale securities:
Fixed maturity securities, amortized cost	1,432,996	2,677,953
Fixed maturity securities, gross unrealized gains	33,501	109,417
Fixed maturity securities	1,466,497	2,787,370
Equity securities:
Securities	1,466,497	2,787,370
Commercial Mortgage Backed Securities [Member]
Available-for-sale securities:
Fixed maturity securities, amortized cost	7,869,355	4,252,765
Fixed maturity securities, gross unrealized gains	266,831	160,955
Fixed maturity securities	8,136,186	4,413,720
Equity securities:
Securities	8,136,186	4,413,720
Residential Mortgage Backed Securities [Member]
Available-for-sale securities:
Fixed maturity securities, amortized cost	40,118,010	46,449,968
Fixed maturity securities, gross unrealized gains	2,507,809	1,443,228
Fixed maturity securities, gross unrealized losses	6	345,062
Fixed maturity securities	42,625,813	47,548,134
Equity securities:
Securities	42,625,813	47,548,134
US Agencies [Member]
Equity securities:
Equity securities, amortized cost	707,900	687,000
Equity securities	707,900	687,000
Securities	707,900	687,000
Mutual Funds [Member]
Equity securities:
Equity securities, amortized cost	318,284	318,283
Equity securities, gross unrealized gains	40,038	1,356
Equity securities	358,322	319,639
Securities	358,322	319,639
Common Stock [Member]
Equity securities:
Equity securities, amortized cost	5,305,252	4,883,078
Equity securities, gross unrealized gains	1,157,718	422,880
Equity securities, gross unrealized losses	123,373	494,264
Equity securities	6,339,597	4,811,694
Securities	6,339,597	4,811,694
Equity Securities [Member]
Equity securities:
Equity securities, amortized cost	6,331,436	5,888,361
Equity securities, gross unrealized gains	1,197,756	424,236
Equity securities, gross unrealized losses	123,373	494,264
Equity securities	7,405,819	5,818,333
Securities	7,405,819	5,818,333
Debt Securities [Member]
Available-for-sale securities:
Fixed maturity securities, amortized cost		402,396,191
Fixed maturity securities, gross unrealized gains		20,269,780
Fixed maturity securities, gross unrealized losses		4,756,866
Fixed maturity securities		417,909,105
Equity securities:
Securities	$430,117,478	$417,909,105

Note_2_Investments_Details_Sec

Note 2 - Investments (Details) - Securities in a Continuous Unrealized Loss Position (USD $)	Dec. 31, 2014	Dec. 31, 2013
Greater than 12 months:
Securities in continuous loss position, estimated fair value	$40,207,698	$123,814,834
Securities in continuous loss position, gross unrealized loss	1,821,544	5,251,130
Securities in continuous loss position, number of securities	29	86
US Government Agencies Debt Securities [Member]
Less than 12 months:
Securities in continuous loss position, less than 12 months, fair value		17,401,555
Securities in continuous loss position, less than 12 months, gross unrealized loss		703,570
Securities in continuous loss position, less than 12 months, number of securities		3
Greater than 12 months:
Securities in continuous loss position, greater than 12 months, fair value	7,736,774
Securities in continuous loss position, greater than 12 months, gross unrealized loss	16,164
Securities in continuous loss position, greater than 12 months, number of securities	1
US States and Political Subdivisions Debt Securities [Member]
Less than 12 months:
Securities in continuous loss position, less than 12 months, fair value		1,239,103
Securities in continuous loss position, less than 12 months, gross unrealized loss		60,898
Securities in continuous loss position, less than 12 months, number of securities		2
Corporate Debt Securities [Member]
Less than 12 months:
Securities in continuous loss position, less than 12 months, fair value	12,473,068	56,249,758
Securities in continuous loss position, less than 12 months, gross unrealized loss	508,818	2,076,123
Securities in continuous loss position, less than 12 months, number of securities	7	37
Greater than 12 months:
Securities in continuous loss position, greater than 12 months, fair value	3,828,887	1,072,341
Securities in continuous loss position, greater than 12 months, gross unrealized loss	421,814	175,763
Securities in continuous loss position, greater than 12 months, number of securities	3	1
Foreign [Member]
Less than 12 months:
Securities in continuous loss position, less than 12 months, fair value	10,374,173	26,858,417
Securities in continuous loss position, less than 12 months, gross unrealized loss	310,267	1,395,450
Securities in continuous loss position, less than 12 months, number of securities	7	15
Greater than 12 months:
Securities in continuous loss position, greater than 12 months, fair value	4,724,455
Securities in continuous loss position, greater than 12 months, gross unrealized loss	441,102
Securities in continuous loss position, greater than 12 months, number of securities	2
Residential Mortgage Backed Securities [Member]
Less than 12 months:
Securities in continuous loss position, less than 12 months, fair value	16,862	18,187,588
Securities in continuous loss position, less than 12 months, gross unrealized loss	6	345,062
Securities in continuous loss position, less than 12 months, number of securities	1	4
Debt Securities [Member]
Greater than 12 months:
Securities in continuous loss position, estimated fair value	39,154,219	121,008,762
Securities in continuous loss position, gross unrealized loss	1,698,171	4,756,866
Securities in continuous loss position, number of securities	21	62
Common Stock [Member]
Less than 12 months:
Securities in continuous loss position, less than 12 months, fair value	527,614	2,806,072
Securities in continuous loss position, less than 12 months, gross unrealized loss	103,438	494,264
Securities in continuous loss position, less than 12 months, number of securities	4	24
Greater than 12 months:
Securities in continuous loss position, greater than 12 months, fair value	525,865
Securities in continuous loss position, greater than 12 months, gross unrealized loss	19,935
Securities in continuous loss position, greater than 12 months, number of securities	4
Equity Securities [Member]
Greater than 12 months:
Securities in continuous loss position, estimated fair value	1,053,479	2,806,072
Securities in continuous loss position, gross unrealized loss	$123,373	$494,264
Securities in continuous loss position, number of securities	8	24

Note_2_Investments_Details_Net

Note 2 - Investments (Details) - Net Unrealized Gains for Investments Classified as Available-for-sale (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Net Unrealized Gains for Investments Classified as Available-for-sale [Abstract]
Net unrealized appreciation on available-for sale securities	$27,595,600	$15,442,886
Adjustment to deferred acquisition costs	-711,650	-418,419
Deferred income taxes	-9,140,543	-5,108,319
Net unrealized appreciation on available-for sale securities	$17,743,407	$9,916,148

Note_2_Investments_Details_Fix

Note 2 - Investments (Details) - Fixed Maturity Securities by Contractual Maturity (USD $)	Dec. 31, 2014	Dec. 31, 2013
Note 2 - Investments (Details) - Fixed Maturity Securities by Contractual Maturity [Line Items]
Total	$403,596,261	$402,396,191
Total	430,117,478	417,909,105
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	8,968,681
Due in one year or less	9,162,988
Due after one year through five years	75,338,168
Due after one year through five years	82,333,643
Due after five years through ten years	189,328,076
Due after five years through ten years	198,251,026
Due after ten years	56,143,960
Due after ten years	63,199,501
Due at multiple maturity dates	73,817,376
Due at multiple maturity dates	77,170,320
Total	403,596,261
Total	$430,117,478

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, 2014	Dec. 31, 2013
Proceeds from Sales and Maturities of Investments in Available-for-sale [Abstract]
Proceeds from sales and maturities	$46,446,460	$94,899,207
Gross realized gains	974,260	2,613,961
Gross realized losses	($263,628)	($114,450)

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, 2014	Dec. 31, 2013
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)	$11,008,303	($28,440,122)
Realized investment gains (losses)	682,604	2,505,340
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)	1,144,411	-339,614
Realized investment gains (losses)	$28,028	($5,829)

Note_2_Investments_Details_Mor

Note 2 - Investments (Details) - Mortgage Loans by State (USD $)	Dec. 31, 2014	Dec. 31, 2013
Note 2 - Investments (Details) - Mortgage Loans by State [Line Items]
Mortgage Loans On Real Estate	$29,459,436	$18,601,722
FLORIDA
Note 2 - Investments (Details) - Mortgage Loans by State [Line Items]
Mortgage Loans On Real Estate	6,047,236	2,622,740
CALIFORNIA
Note 2 - Investments (Details) - Mortgage Loans by State [Line Items]
Mortgage Loans On Real Estate	4,806,451	942,036
KENTUCKY
Note 2 - Investments (Details) - Mortgage Loans by State [Line Items]
Mortgage Loans On Real Estate	3,492,854	3,740,272
ILLINOIS
Note 2 - Investments (Details) - Mortgage Loans by State [Line Items]
Mortgage Loans On Real Estate	3,392,446	540,634
GEORGIA
Note 2 - Investments (Details) - Mortgage Loans by State [Line Items]
Mortgage Loans On Real Estate	3,123,530	2,339,300
TEXAS
Note 2 - Investments (Details) - Mortgage Loans by State [Line Items]
Mortgage Loans On Real Estate	2,290,700	2,432,643
OHIO
Note 2 - Investments (Details) - Mortgage Loans by State [Line Items]
Mortgage Loans On Real Estate	1,805,093	1,599,450
TENNESSEE
Note 2 - Investments (Details) - Mortgage Loans by State [Line Items]
Mortgage Loans On Real Estate	1,054,671	1,203,184
ARIZONA
Note 2 - Investments (Details) - Mortgage Loans by State [Line Items]
Mortgage Loans On Real Estate	927,600	506,134
WEST VIRGINIA
Note 2 - Investments (Details) - Mortgage Loans by State [Line Items]
Mortgage Loans On Real Estate	440,725	467,480
NORTH CAROLINA
Note 2 - Investments (Details) - Mortgage Loans by State [Line Items]
Mortgage Loans On Real Estate	359,308	589,779
MISSOURI
Note 2 - Investments (Details) - Mortgage Loans by State [Line Items]
Mortgage Loans On Real Estate	267,996
NEW JERSEY
Note 2 - Investments (Details) - Mortgage Loans by State [Line Items]
Mortgage Loans On Real Estate	252,612	258,239
SOUTH CAROLINA
Note 2 - Investments (Details) - Mortgage Loans by State [Line Items]
Mortgage Loans On Real Estate	248,815	250,826
MASSACHUSETTS
Note 2 - Investments (Details) - Mortgage Loans by State [Line Items]
Mortgage Loans On Real Estate	239,399	283,341
COLORADO
Note 2 - Investments (Details) - Mortgage Loans by State [Line Items]
Mortgage Loans On Real Estate	225,772	230,782
IDAHO
Note 2 - Investments (Details) - Mortgage Loans by State [Line Items]
Mortgage Loans On Real Estate	174,433	188,882
KANSAS
Note 2 - Investments (Details) - Mortgage Loans by State [Line Items]
Mortgage Loans On Real Estate	136,442
INDIANA
Note 2 - Investments (Details) - Mortgage Loans by State [Line Items]
Mortgage Loans On Real Estate	95,434	10,935
UTAH
Note 2 - Investments (Details) - Mortgage Loans by State [Line Items]
Mortgage Loans On Real Estate	77,919
ALABAMA
Note 2 - Investments (Details) - Mortgage Loans by State [Line Items]
Mortgage Loans On Real Estate		$395,065

Note_2_Investments_Details_Sta

Note 2 - Investments (Details) - State-Guaranteed Receivables by Contractual Maturity (USD $)	Dec. 31, 2014	Dec. 31, 2013
Note 2 - Investments (Details) - State-Guaranteed Receivables by Contractual Maturity [Line Items]
Total	$7,917,379	$8,085,107
Total	9,719,006	9,392,660
State-Guaranteed Receivables [Member]
Note 2 - Investments (Details) - State-Guaranteed Receivables by Contractual Maturity [Line Items]
Due in one year or less	746,216
Due in one year or less	754,778
Due after one year through five years	2,500,881
Due after one year through five years	2,739,016
Due after five years through ten years	3,040,771
Due after five years through ten years	3,837,237
Due after ten years	1,629,511
Due after ten years	2,387,975
Total	7,917,379
Total	$9,719,006

Note_2_Investments_Details_Amo

Note 2 - Investments (Details) - Amortized Cost of State-guaranteed Receivables, by State (USD $)	Dec. 31, 2014	Dec. 31, 2013
Note 2 - Investments (Details) - Amortized Cost of State-guaranteed Receivables, by State [Line Items]
Amortized cost of state-guaranteed receivables	$7,917,379	$8,085,107
NEW YORK
Note 2 - Investments (Details) - Amortized Cost of State-guaranteed Receivables, by State [Line Items]
Amortized cost of state-guaranteed receivables	3,694,805	3,880,368
MASSACHUSETTS
Note 2 - Investments (Details) - Amortized Cost of State-guaranteed Receivables, by State [Line Items]
Amortized cost of state-guaranteed receivables	1,969,570	1,927,350
GEORGIA
Note 2 - Investments (Details) - Amortized Cost of State-guaranteed Receivables, by State [Line Items]
Amortized cost of state-guaranteed receivables	1,467,774	1,500,719
PENNSYLVANIA
Note 2 - Investments (Details) - Amortized Cost of State-guaranteed Receivables, by State [Line Items]
Amortized cost of state-guaranteed receivables	299,851	284,756
TEXAS
Note 2 - Investments (Details) - Amortized Cost of State-guaranteed Receivables, by State [Line Items]
Amortized cost of state-guaranteed receivables	227,649	212,447
CALIFORNIA
Note 2 - Investments (Details) - Amortized Cost of State-guaranteed Receivables, by State [Line Items]
Amortized cost of state-guaranteed receivables	188,131	195,593
OHIO
Note 2 - Investments (Details) - Amortized Cost of State-guaranteed Receivables, by State [Line Items]
Amortized cost of state-guaranteed receivables	$69,599	$83,874

Note_2_Investments_Details_Net1

Note 2 - Investments (Details) - Net Investment Income (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Net Investment Income [Line Items]
Gross investment income	$21,994,995	$21,814,071
Investment expenses	832,260	1,152,929
Net investment income	21,162,735	20,661,142
Fixed Maturities [Member]
Net Investment Income [Line Items]
Gross investment income	18,957,838	19,254,558
Equity Securities [Member]
Net Investment Income [Line Items]
Gross investment income	270,306	169,784
Mortgage Loans on Real Estate [Member]
Net Investment Income [Line Items]
Gross investment income	1,497,721	1,109,776
Policy Loans [Member]
Net Investment Income [Line Items]
Gross investment income	478,712	478,750
State-Guaranteed Receivables [Member]
Net Investment Income [Line Items]
Gross investment income	557,812	568,978
Derivative [Member]
Net Investment Income [Line Items]
Gross investment income		2,400
Other Long-term Investments [Member]
Net Investment Income [Line Items]
Gross investment income	$232,606	$229,825

Note_3_Fair_Values_of_Financia2

Note 3 - Fair Values of Financial Instruments (Details)	Dec. 31, 2014
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

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, 2014	Dec. 31, 2013
Note 3 - Fair Values of Financial Instruments (Details) - Financial Instruments Measured at Fair Value on a Recurring Basis [Line Items]
Securities available-for-sale	$437,523,297	$423,727,438
US Government Agencies Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member]
Note 3 - Fair Values of Financial Instruments (Details) - Financial Instruments Measured at Fair Value on a Recurring Basis [Line Items]
Securities available-for-sale	28,868,011	34,575,791
US Government Agencies Debt Securities [Member]
Note 3 - Fair Values of Financial Instruments (Details) - Financial Instruments Measured at Fair Value on a Recurring Basis [Line Items]
Securities available-for-sale	28,868,011	34,575,791
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member]
Note 3 - Fair Values of Financial Instruments (Details) - Financial Instruments Measured at Fair Value on a Recurring Basis [Line Items]
Securities available-for-sale	44,007,246	42,994,764
US States and Political Subdivisions Debt Securities [Member]
Note 3 - Fair Values of Financial Instruments (Details) - Financial Instruments Measured at Fair Value on a Recurring Basis [Line Items]
Securities available-for-sale	44,007,246	42,994,764
Corporate Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member]
Note 3 - Fair Values of Financial Instruments (Details) - Financial Instruments Measured at Fair Value on a Recurring Basis [Line Items]
Securities available-for-sale	239,038,512	227,942,974
Corporate Debt Securities [Member]
Note 3 - Fair Values of Financial Instruments (Details) - Financial Instruments Measured at Fair Value on a Recurring Basis [Line Items]
Securities available-for-sale	239,038,512	227,942,974
Foreign [Member] | Fair Value, Inputs, Level 2 [Member]
Note 3 - Fair Values of Financial Instruments (Details) - Financial Instruments Measured at Fair Value on a Recurring Basis [Line Items]
Securities available-for-sale	65,975,213	57,646,352
Foreign [Member]
Note 3 - Fair Values of Financial Instruments (Details) - Financial Instruments Measured at Fair Value on a Recurring Basis [Line Items]
Securities available-for-sale	65,975,213	57,646,352
Asset-backed Securities [Member] | Fair Value, Inputs, Level 2 [Member]
Note 3 - Fair Values of Financial Instruments (Details) - Financial Instruments Measured at Fair Value on a Recurring Basis [Line Items]
Securities available-for-sale	1,466,497	2,787,370
Asset-backed Securities [Member]
Note 3 - Fair Values of Financial Instruments (Details) - Financial Instruments Measured at Fair Value on a Recurring Basis [Line Items]
Securities available-for-sale	1,466,497	2,787,370
Commercial Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 2 [Member]
Note 3 - Fair Values of Financial Instruments (Details) - Financial Instruments Measured at Fair Value on a Recurring Basis [Line Items]
Securities available-for-sale	8,136,186	4,413,720
Commercial Mortgage Backed Securities [Member]
Note 3 - Fair Values of Financial Instruments (Details) - Financial Instruments Measured at Fair Value on a Recurring Basis [Line Items]
Securities available-for-sale	8,136,186	4,413,720
Residential Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 2 [Member]
Note 3 - Fair Values of Financial Instruments (Details) - Financial Instruments Measured at Fair Value on a Recurring Basis [Line Items]
Securities available-for-sale	42,625,813	47,548,134
Residential Mortgage Backed Securities [Member]
Note 3 - Fair Values of Financial Instruments (Details) - Financial Instruments Measured at Fair Value on a Recurring Basis [Line Items]
Securities available-for-sale	42,625,813	47,548,134
Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member]
Note 3 - Fair Values of Financial Instruments (Details) - Financial Instruments Measured at Fair Value on a Recurring Basis [Line Items]
Securities available-for-sale	430,117,478	417,909,105
Debt Securities [Member]
Note 3 - Fair Values of Financial Instruments (Details) - Financial Instruments Measured at Fair Value on a Recurring Basis [Line Items]
Securities available-for-sale	430,117,478	417,909,105
US Agencies [Member] | Fair Value, Inputs, Level 1 [Member]
Note 3 - Fair Values of Financial Instruments (Details) - Financial Instruments Measured at Fair Value on a Recurring Basis [Line Items]
Securities available-for-sale	707,900	687,000
US Agencies [Member]
Note 3 - Fair Values of Financial Instruments (Details) - Financial Instruments Measured at Fair Value on a Recurring Basis [Line Items]
Securities available-for-sale	707,900	687,000
Mutual Funds [Member] | Fair Value, Inputs, Level 1 [Member]
Note 3 - Fair Values of Financial Instruments (Details) - Financial Instruments Measured at Fair Value on a Recurring Basis [Line Items]
Securities available-for-sale	358,322	319,639
Mutual Funds [Member]
Note 3 - Fair Values of Financial Instruments (Details) - Financial Instruments Measured at Fair Value on a Recurring Basis [Line Items]
Securities available-for-sale	358,322	319,639
Common Stock [Member] | Fair Value, Inputs, Level 1 [Member]
Note 3 - Fair Values of Financial Instruments (Details) - Financial Instruments Measured at Fair Value on a Recurring Basis [Line Items]
Securities available-for-sale	5,955,597	4,427,694
Common Stock [Member] | Fair Value, Inputs, Level 3 [Member]
Note 3 - Fair Values of Financial Instruments (Details) - Financial Instruments Measured at Fair Value on a Recurring Basis [Line Items]
Securities available-for-sale	384,000	384,000
Common Stock [Member]
Note 3 - Fair Values of Financial Instruments (Details) - Financial Instruments Measured at Fair Value on a Recurring Basis [Line Items]
Securities available-for-sale	6,339,597	4,811,694
Equity Securities [Member] | Fair Value, Inputs, Level 1 [Member]
Note 3 - Fair Values of Financial Instruments (Details) - Financial Instruments Measured at Fair Value on a Recurring Basis [Line Items]
Securities available-for-sale	7,021,819	5,434,333
Equity Securities [Member] | Fair Value, Inputs, Level 3 [Member]
Note 3 - Fair Values of Financial Instruments (Details) - Financial Instruments Measured at Fair Value on a Recurring Basis [Line Items]
Securities available-for-sale	384,000	384,000
Equity Securities [Member]
Note 3 - Fair Values of Financial Instruments (Details) - Financial Instruments Measured at Fair Value on a Recurring Basis [Line Items]
Securities available-for-sale	$7,405,819	$5,818,333

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, 2014	Dec. 31, 2012
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance	$4,861,070	$384,000
Transfers out of Level 3	-3,834,470
Sales	-645,000
Total gains or losses:
Included in earnings	2,400
Ending balance	384,000	384,000
Corporate Debt Securities [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance	3,834,470
Transfers out of Level 3	-3,834,470
Common Stock [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance		384,000	384,000
Total gains or losses:
Ending balance	384,000	384,000	384,000
Derivative [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance	642,600
Sales	-645,000
Total gains or losses:
Included in earnings	$2,400

Note_3_Fair_Values_of_Financia5

Note 3 - Fair Values of Financial Instruments (Details) - Estimated Fair Values of Financial Instruments (USD $)	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Assets:
Mortgage loans on real estate	$29,459,436	$18,601,722
Policy loans	6,665,493	6,674,887
Policy loans, fair value	6,665,493	6,674,887
State-guaranteed receivables	7,917,379	8,085,107
State-guaranteed receivables, fair value	9,719,006	9,392,660
Other invested assets	3,270,848	3,181,182
Other invested assets, fair value	3,270,848	3,181,182
Cash and cash equivalents	1,870,867	4,143,291	6,009,905
Cash and cash equivalents, fair value	1,870,867	4,143,291
Accrued investment income	5,190,740	5,191,253
Accrued investment income, fair value	5,190,740	5,191,253
Cash value of company-owned life insurance	12,441,833	11,808,248
Cash value of company-owned life insurance, fair value	12,441,833	11,808,248
Liabilities:
Policyholder deposits (Investment-type contracts)	53,318,598	53,476,853
Policyholder deposits (Investment-type contracts), fair value	55,486,262	53,396,538
Policy claims	2,821,106	3,672,474
Policy claims, fair value	2,821,106	3,672,474
Obligations under capital leases	553,028	943,488
Obligations under capital leases, fair value	553,028	943,488
Notes payable	2,508,576	3,031,942
Notes payable, fair value	2,508,576	3,033,122
Commercial Mortgage [Member] | Fair Value, Inputs, Level 2 [Member]
Assets:
Mortgage loans on real estate, fair value		16,128,845
Commercial Mortgage [Member] | Fair Value, Inputs, Level 3 [Member]
Assets:
Mortgage loans on real estate, fair value	13,693,557
Commercial Mortgage [Member]
Assets:
Mortgage loans on real estate	12,961,492	15,478,188
Mortgage loans on real estate, fair value	13,693,557	16,128,845
Residential Mortgage [Member] | Fair Value, Inputs, Level 2 [Member]
Assets:
Mortgage loans on real estate, fair value		3,273,306
Residential Mortgage [Member] | Fair Value, Inputs, Level 3 [Member]
Assets:
Mortgage loans on real estate, fair value	18,392,927
Residential Mortgage [Member]
Assets:
Mortgage loans on real estate	16,497,944	3,123,534
Mortgage loans on real estate, fair value	18,392,927	3,273,306
Fair Value, Inputs, Level 1 [Member]
Assets:
Cash and cash equivalents, fair value	1,870,867	4,143,291
Fair Value, Inputs, Level 2 [Member]
Assets:
State-guaranteed receivables, fair value	9,719,006	9,392,660
Fair Value, Inputs, Level 3 [Member]
Assets:
Policy loans	6,665,493	6,674,887
Policy loans, fair value	6,665,493	6,674,887
Other invested assets	3,270,848	3,181,182
Other invested assets, fair value	3,270,848	3,181,182
Accrued investment income	5,190,740	5,191,253
Accrued investment income, fair value	5,190,740	5,191,253
Cash value of company-owned life insurance	12,441,833	11,808,248
Cash value of company-owned life insurance, fair value	12,441,833	11,808,248
Liabilities:
Policyholder deposits (Investment-type contracts), fair value	55,486,262	53,396,538
Policy claims	2,821,106	3,672,474
Policy claims, fair value	2,821,106	3,672,474
Obligations under capital leases	553,028	943,488
Obligations under capital leases, fair value	553,028	943,488
Notes payable, fair value	$2,508,576	$3,033,122

Note_4_Federal_Income_Taxes_De

Note 4 - Federal Income Taxes (Details) - Deferred Tax Liabilities and Assets (USD $)	Dec. 31, 2014	Dec. 31, 2013
Deferred tax liabilities:
Policy acquisition costs	$2,954,747	$3,452,732
Net unrealized gain on available-for-sale securities	9,140,543	5,108,319
Due premiums	1,068,415	1,145,646
Other	861,193	889,576
Total deferred tax liabilities	14,024,898	10,596,273
Deferred tax assets:
Benefit reserves	3,229,901	3,540,549
Other policyholder funds	376,530	474,581
AMT credit carryforwards	511,673	501,101
Accrued pension liability	1,748,090	981,867
Other	373,254	493,284
Total deferred tax assets	6,239,448	5,991,382
Net deferred tax liabilities	$7,785,450	$4,604,891

Note_4_Federal_Income_Taxes_De1

Note 4 - Federal Income Taxes (Details) - Reconciliation of Income Tax Rate	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Reconciliation of Income Tax Rate [Abstract]
Statutory federal income tax rate	34.00%	34.00%
Small life insurance company deduction	-2.50%	-18.00%
Dividends-received deduction	-1.40%	-1.20%
Defined contribution plan dividend	-1.30%	-1.40%
Nondeductible COLI expense	-7.20%	-4.90%
Nontaxable COLI life insurance proceeds	-2.80%
Nondeductible travel & meals expense	1.30%	0.80%
True-up of provision to actual	4.40%	1.70%
Other	0.80%	4.60%
Effective income tax rate	25.30%	15.60%

Note_5_Notes_Payable_Details

Note 5 - Notes Payable (Details) (USD $)	0 Months Ended	12 Months Ended		0 Months Ended	1 Months Ended
	Nov. 05, 2012	Dec. 31, 2014	Dec. 31, 2013	Aug. 29, 2014	Feb. 03, 2005	Nov. 25, 2014	Sep. 27, 2013
Note 5 - Notes Payable (Details) [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity						$1,500,000
Proceeds from Notes Payable		3,091,008	3,417,800
Payments to Acquire Loans Receivable	2,000,000
Loan Receivable Basis Spread on Variable Rate	1.75%
Other Long-term Investments		3,270,848	3,181,182
At Need Funding Line of Credit [Member]
Note 5 - Notes Payable (Details) [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity							1,000,000
Debt Instrument, Interest Rate, Stated Percentage Rate Range, Minimum		3.25%
Operating Line of Credit [Member]
Note 5 - Notes Payable (Details) [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity							150,000
Debt Instrument, Interest Rate, Stated Percentage Rate Range, Minimum		3.25%
Minimum [Member] | Puritan Financial Companies Inc [Member]
Note 5 - Notes Payable (Details) [Line Items]
Debt Instrument, Periodic Payment				400,000
Puritan Financial Companies Inc [Member]
Note 5 - Notes Payable (Details) [Line Items]
Proceeds from Notes Payable	2,000,000
Debt Instrument, Basis Spread on Variable Rate	0.25%
Debt Instrument, Periodic Payment	15,000
Debt Instrument Collateral Common Stock Shares (in Shares)	55,000
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in Shares)				2,000,000
Other Long-term Investments		1,860,043	2,000,000
Investors Heritage Life [Member]
Note 5 - Notes Payable (Details) [Line Items]
Proceeds from Notes Payable					3,650,000
Payments to Acquire Property, Plant, and Equipment					3,650,000
Repayments of Bank Debt					3,000,000
Interest Expense		15,795
Interest Paid		$18,164

Note_5_Notes_Payable_Details_N

Note 5 - Notes Payable (Details) - Notes Payable (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Line of Credit [Member]
Note 5 - Notes Payable (Details) - Notes Payable [Line Items]
Outstanding Principal	$727,566	$506,240
Current Interest Rate	3.25%	3.25%
Maturity Rate	25-Sep-15	25-Sep-15
Interest expense	20,887	16,555
Interest paid	20,641	16,555
Notes Payable to Banks [Member]
Note 5 - Notes Payable (Details) - Notes Payable [Line Items]
Outstanding Principal	1,781,010	1,962,792
Current Interest Rate	3.00%	3.00%
Maturity Rate	25-Nov-19	5-Nov-17
Interest expense	58,308	60,188
Interest paid	59,270	55,289
Mortgages [Member]
Note 5 - Notes Payable (Details) - Notes Payable [Line Items]
Outstanding Principal		562,910
Current Interest Rate		5.05%
Maturity Rate		1-Mar-15
Interest expense		38,365
Interest paid		$40,155

Note_6_Employee_Benefit_Plans_1

Note 6 - Employee Benefit Plans (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Note 6 - Employee Benefit Plans (Details) [Line Items]
Pension and Other Postretirement Benefit Plans, Accumulated Other Comprehensive Income (Loss), Net Gains (Losses), before Tax	$7,634,982	$4,794,177
Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits, Pensions	2,595,894	1,630,020
Defined Benefit Plan, Amount to be Amortized from Accumulated Other Comprehensive Income (Loss) Next Fiscal Year	762,233
Defined Benefit Plans, Estimated Future Employer Contributions in Next Fiscal Year	300,000
Defined Contribution Plan, Employer Matching Contribution, Percent of Employees' Gross Pay	4.00%
Paid to Pension [Member]
Note 6 - Employee Benefit Plans (Details) [Line Items]
Dividends	$6,200	$7,750

Note_6_Employee_Benefit_Plans_2

Note 6 - Employee Benefit Plans (Details) - Net Periodic Benefit Cost (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Change in projected benefit obligation:
Benefit obligation at beginning of year	$21,315,600	$23,872,644
Interest cost	1,045,055	668,720
Actuarial (gain) loss	3,687,960	-2,575,030
Benefits paid	-1,073,273	-650,734
Benefit obligation at end of year	24,975,342	21,315,600
Change in plan assets:
Fair value of plan assets at beginning of year	18,427,757	16,661,125
Actual return on plan assets	1,654,416	1,457,366
Employer contributions	825,000	960,000
Benefits paid	-1,073,273	-650,734
Fair value of plan assets at end of year	19,833,900	18,427,757
Funded status	-5,141,442	-2,887,843
Unrecognized net actuarial loss	7,634,982	4,794,177
Net amount recognized as prepaid benefit cost	2,493,540	1,906,334
Components of net periodic benefit cost:
Interest cost	1,045,055	668,720
Expected return on plan assets	-1,197,674	-1,192,584
Amortization of net (gain) loss	390,413	772,646
Net periodic benefit cost	237,794	248,782
Accumulated benefit obligation	$24,975,342	$21,315,600

Note_6_Employee_Benefit_Plans_3

Note 6 - Employee Benefit Plans (Details) - Weighted-Average Actuarial Assumptions	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Weighted-Average Actuarial Assumptions [Abstract]
Discount rate	3.75%	5.00%
Expected return on plan assets	6.50%	7.00%

Note_6_Employee_Benefit_Plans_4

Note 6 - Employee Benefit Plans (Details) - Fair Value of Plan Assets (USD $)	Dec. 31, 2014	Dec. 31, 2013
Fair Value of Plan Assets [Abstract]
Pooled separate accounts	$19,168,950	$17,778,307
Company common stock - 31,000 shares	$664,950	$649,450

Note_6_Employee_Benefit_Plans_5

Note 6 - Employee Benefit Plans (Details) - Fair Value of Plan Assets (Parentheticals)	Dec. 31, 2014	Dec. 31, 2013
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, 2014	Dec. 31, 2013
Debt Securities [Member]
Note 6 - Employee Benefit Plans (Details) - Allocation of Plan Assets [Line Items]
Investment type	67.00%	61.00%
Equity Securities [Member]
Note 6 - Employee Benefit Plans (Details) - Allocation of Plan Assets [Line Items]
Investment type	30.00%	35.00%
Company Common Stock [Member]
Note 6 - Employee Benefit Plans (Details) - Allocation of Plan Assets [Line Items]
Investment type	3.00%	4.00%

Note_6_Employee_Benefit_Plans_7

Note 6 - Employee Benefit Plans (Details) - Estimated Future Benefit Payments (USD $)	Dec. 31, 2014
Estimated Future Benefit Payments [Abstract]
2015	$2,470,000
2016	1,480,000
2017	2,160,000
2018	1,290,000
2019	1,290,000
2020-2024	$7,410,000

Note_6_Employee_Benefit_Plans_8

Note 6 - Employee Benefit Plans (Details) - Defined Compensation Plans (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Old 401K Plan [Member]
Company common stock:
Shares held (in Shares)	294,467	331,559
Fair value	$6,316,313	$6,863,275
Old 401(k) Plan
Dividends on Company stock	66,312	86,286
Retirement Plan [Member]
Retirement Plan
Mutual funds - fair value	2,119,209	1,635,830
Old 401(k) Plan
Employer contributions	$466,926	$316,206

Note_6_Employee_Benefit_Plans_9

Note 6 - Employee Benefit Plans (Details) - Deferred Compensation Plan (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Company common stock:
Shares held (in Shares)	21,020	20,820
Fair value	$450,889	$430,984
Mutual funds - fair value	140,770	69,136
Cash and cash equivalents	5,816	3,486
Employer contributions	35,010	24,978
Dividends on Company stock	$4,164	$5,220

Note_7_Stockholders_Equity_and1

Note 7 - Stockholders' Equity and Dividend Restrictions (Details) (USD $)	Dec. 31, 2014
Stockholders' Equity Note [Abstract]
Dividends Percent of Statutory Surplus	10.00%
Statutory Accounting Practices, Statutory Amount Available for Dividend Payments	$773,505

Note_8_Statutory_Accounting_Pr1

Note 8 - Statutory Accounting Practices (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Statutory Accounting Practices Disclosures [Abstract]
Statutory Accounting Practices, Statutory Capital and Surplus, Balance	$20,868,262	$20,212,394
Statutory Accounting Practices, Statutory Net Income Amount	$848,303	$1,233,527

Note_9_Segment_Data_Details

Note 9 - Segment Data (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Segment Reporting [Abstract]
Number of Operating Segments	4
Proceeds from Life Insurance Policies	$141,907
Increase In Policy Claims Liability Due To Past Events		$2,380,617

Note_9_Segment_Data_Details_Se

Note 9 - Segment Data (Details) - Segments by Operating Information (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Revenue:
Revenue	$70,897,788	$80,120,374
Pre-tax income (loss) from operations:
Pre-tax income (loss) from operations	1,695,837	2,126,570
Assets:
Assets	585,213,387	563,608,978
Amortization and depreciation expense:
Nmortization and dP5prP5ciation P5xpP5nsP5	8,096,000	8,216,000
Preneed and Burial Products [Member]
Revenue:
Revenue	47,445,000	49,457,000
Pre-tax income (loss) from operations:
Pre-tax income (loss) from operations	-34,000	816,000
Assets:
Assets	375,219,000	375,905,000
Amortization and depreciation expense:
Nmortization and dP5prP5ciation P5xpP5nsP5	5,458,000	5,866,000
Traditional and Universal Life Products [Member]
Revenue:
Revenue	21,226,000	28,650,000
Pre-tax income (loss) from operations:
Pre-tax income (loss) from operations	1,286,000	968,000
Assets:
Assets	120,377,000	109,777,000
Amortization and depreciation expense:
Nmortization and dP5prP5ciation P5xpP5nsP5	1,987,000	1,726,000
Administrative and Financial Services [Member]
Revenue:
Revenue	1,244,000	1,215,000
Pre-tax income (loss) from operations:
Pre-tax income (loss) from operations	284,000	306,000
Assets:
Assets	9,496,000	9,937,000
Amortization and depreciation expense:
Nmortization and dP5prP5ciation P5xpP5nsP5	278,000	264,000
Corporate and Other [Member]
Revenue:
Revenue	983,000	798,000
Pre-tax income (loss) from operations:
Pre-tax income (loss) from operations	160,000	37,000
Assets:
Assets	80,121,000	67,990,000
Amortization and depreciation expense:
Nmortization and dP5prP5ciation P5xpP5nsP5	$373,000	$360,000

Note_10_Reinsurance_Details

Note 10 - Reinsurance (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Note 10 - Reinsurance (Details) [Line Items]
Reinsurance Fee Income	$242,327
Reinsurance Recoverables	55,910,993	55,669,088
Assumed Premiums Earned	3,346,657	10,044,766
Credit Life and Accident Insurance [Member]
Note 10 - Reinsurance (Details) [Line Items]
Reinsurance Percent of Risk Ceded	100.00%
Reinsurance Fee Income		272,264
Ceded [Member]
Note 10 - Reinsurance (Details) [Line Items]
Reinsurance Recoverables	8,789,529	9,243,869
Credit Related Reinsurance Transactions [Member]
Note 10 - Reinsurance (Details) [Line Items]
Reinsurance Recoverables	7,810,299	8,186,589
Life and Annunity [Member]
Note 10 - Reinsurance (Details) [Line Items]
Reinsurance Percent of Risk Ceded	85.00%
Reinsurance Recoverables	19,806,000	21,092,000
Puritan Financial Companies Inc [Member]
Note 10 - Reinsurance (Details) [Line Items]
Reinsurance Recoverables	16,931,000	14,281,000
Reinsurance Retention Policy, Reinsured Risk, Percentage	75.00%
Assumed Premiums Earned	$3,310,000	$10,033,000

Note_10_Reinsurance_Details_Re

Note 10 - Reinsurance (Details) - Reinsurance Ceded and Assumed (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Reinsurance Ceded and Assumed [Abstract]
Premiums ceded	$13,687,074	$14,105,855
Premiums assumed	3,346,657	10,044,766
Commission and expense allowances	3,443,836	3,238,144
Benefit recoveries	$7,703,390	$8,157,180

Note_11_Other_Comprehensive_In2

Note 11 - Other Comprehensive Income (Details) - Other Comprehensive Income (USD $)	12 Months Ended
	Dec. 31, 2014		Dec. 31, 2013
Change in net unrealized gains on available-for-sale securities:
Unrealized holding gains (losses) arising during period, pretax	$12,863,346		($26,280,225)
Unrealized holding gains (losses) arising during period, tax	4,356,021		-9,697,464
Unrealized holding gains (losses) arising during period, net of tax	8,507,325		-16,582,761
Reclassification adjustment for losses (gains) included in income, pretax	-710,632	[1]	-2,499,511	[1]
Reclassification adjustment for losses (gains) included in income, tax	-224,098	[2]	-319,944	[2]
Reclassification adjustment for losses (gains) included in income, net of tax	-486,534		-2,179,567
Adjustment for effect of deferred acquisition costs, pretax	-293,231		894,503
Adjustment for effect of deferred acquisition costs, tax	-99,699		304,130
Adjustment for effect of deferred acquisition costs, net of tax	-193,532		590,373
Net unrealized gains (losses) on investments, pretax	11,859,483		-27,885,233
Net unrealized gains (losses) on investments, tax	4,032,224		-9,713,278
Net unrealized gains (losses) on investments, net of tax	7,827,259		-18,171,955
Change in defined benefit pension plan:
Actuarial net loss gain on pension plan	-3,231,218		2,839,812
Actuarial net loss on pension plan	-1,098,614		965,536
Actuarial net loss on pension plan	-2,132,604		1,874,276
Amortization of actuarial net loss in net periodic pension cost, pretax	390,413	[3]	772,646	[3]
Amortization of actuarial net loss in net periodic pension cost, tax	132,740	[2]	262,700	[2]
Amortization of actuarial net loss in net periodic pension cost, net of tax	257,673		509,946
Net change in defined benefit pension plan	-2,840,805		3,612,458
Net change in defined benefit pension plan	-965,874		1,228,236
Net change in defined benefit pension plan	-1,874,931		2,384,222
Total other comprehensive income (loss), pretax	9,018,678		-24,272,775
Total other comprehensive income (loss), tax	3,066,350		-8,485,042
Total other comprehensive income (loss), net of tax	$5,952,328		($15,787,733)
[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, 2014	Dec. 31, 2013
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	$6,751,991	$22,539,724
Other comprehensive income before reclassifications	6,181,189	-14,118,112
Amounts reclassified from accumulated other comprehensive income	-228,861	-1,669,621
Net current period other comprehensive income (loss)	5,952,328	-15,787,733
Ending balance	12,704,319	6,751,991
Accumulated Net Unrealized Investment Gain (Loss) [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	9,916,148	28,088,103
Other comprehensive income before reclassifications	8,313,793	-15,992,388
Amounts reclassified from accumulated other comprehensive income	-486,534	-2,179,567
Net current period other comprehensive income (loss)	7,827,259	-18,171,955
Ending balance	17,743,407	9,916,148
Accumulated Defined Benefit Plans Adjustment [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	-3,164,157	-5,548,379
Other comprehensive income before reclassifications	-2,132,604	1,874,276
Amounts reclassified from accumulated other comprehensive income	257,673	509,946
Net current period other comprehensive income (loss)	-1,874,931	2,384,222
Ending balance	($5,039,088)	($3,164,157)

Note_11_Other_Comprehensive_In4

Note 11 - Other Comprehensive Income (Details) - Amounts Reclassified from AOCI to Income (USD $)	12 Months Ended
	Dec. 31, 2014		Dec. 31, 2013
Amounts Reclassified from AOCI to Income [Abstract]
Realized gains on sale of securities (a)	$710,632	[1]	$2,499,511	[1]
Income tax expense (c)	-224,098	[2]	-319,944	[2]
Net of tax	486,534		2,179,567
Amortization of actuarial net loss (b)	-390,413	[3]	-772,646	[3]
Income tax benefit (c)	132,740	[2]	262,700	[2]
Net of tax	-257,673		-509,946
Total reclassifications for the period	$228,861		$1,669,621
[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).