Investors Heritage Capital (IHRC) 10-Q 15 May 15 2015 Q1 Quarterly report Financial data

Document_And_Entity_Informatio

Document And Entity Information	3 Months Ended
	Mar. 31, 2015	15-May-15
Document and Entity Information [Abstract]
Entity Registrant Name	Investors Heritage Capital Corp
Document Type	10-Q
Current Fiscal Year End Date	-19
Entity Common Stock, Shares Outstanding		1,123,166
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-Mar-15
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q1

Condensed_Consolidated_Balance

Condensed Consolidated Balance Sheets (Unaudited) (USD $)	Mar. 31, 2015	Dec. 31, 2014
ASSETS
Fixed maturities (amortized cost: $399,540,804 and $403,596,261)	$430,771,661	$430,117,478
Equity securities (cost: $6,476,827 and $6,331,436)	7,682,294	7,405,819
Mortgage loans on real estate	32,416,577	29,459,436
Policy loans	6,716,387	6,665,493
State-guaranteed receivables	7,759,795	7,917,379
Other invested assets	3,396,033	3,270,848
Total investments	488,742,747	484,836,453
Cash and cash equivalents	5,675,143	1,870,867
Accrued investment income	4,452,620	5,190,740
Due premiums	3,156,373	3,217,136
Deferred acquisition costs	17,484,035	17,847,907
Value of business acquired	279,625	301,037
Leased property under capital leases	655,027	555,251
Property and equipment	971,150	1,000,120
Cash value of company-owned life insurance	12,528,527	12,441,833
Other assets	2,564,656	2,041,050
Amounts recoverable from reinsurers	56,199,042	55,910,993
Total assets	592,708,945	585,213,387
LIABILITIES
Benefit reserves	490,752,576	490,126,730
Unearned premium reserves	7,927,412	7,812,972
Policy claims	2,635,852	2,821,106
Liability for deposit-type contracts	3,405,196	3,432,793
Reserves for dividends and endowments and other	398,205	391,439
Total policy liabilities	505,119,241	504,585,040
Deferred federal income tax liability	9,351,389	7,785,450
Obligations under capital leases	645,799	553,028
Notes payable	2,611,875	2,508,576
Accrued pension liability	4,995,939	5,141,442
Other liabilities	6,534,506	4,103,365
Total liabilities	529,258,749	524,676,901
STOCKHOLDERS' EQUITY
Common stock (shares issued: 1,123,980 and 1,123,980)	1,123,980	1,123,980
Paid-in surplus	8,908,243	8,908,243
Accumulated other comprehensive income	15,946,390	12,704,319
Retained earnings	37,471,583	37,799,944
Total stockholders' equity	63,450,196	60,536,486
Total liabilities and stockholders' equity	$592,708,945	$585,213,387

Condensed_Consolidated_Balance1

Condensed Consolidated Balance Sheets (Unaudited) (Parentheticals) (USD $)	Mar. 31, 2015	Dec. 31, 2014
Fixed maturities, amortized cost	$399,540,804	$403,596,261
Equity securities, cost	$6,476,827	$6,331,436
Common stock, shares issued (in Shares)	1,123,980	1,123,980

Condensed_Consolidated_Income_

Condensed Consolidated Income Statements (Unaudited) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
REVENUE
Premiums and other considerations	$14,726,746	$15,232,486
Premiums ceded	-3,364,065	-3,355,650
Net premiums	11,362,681	11,876,836
Investment income, net of expenses	5,223,812	5,078,982
Net realized gains (losses) on investments	158,828	-3,806
Other income	350,441	337,872
Total revenue	17,095,762	17,289,884
BENEFITS AND EXPENSES
Death and other benefits	11,724,062	11,021,044
Guaranteed annual endowments	103,396	103,810
Dividends to policyholders	84,285	83,383
Increase in benefit reserves and unearned premiums	1,273,496	1,978,691
Acquisition costs deferred	-1,388,344	-1,751,981
Amortization of deferred acquisition costs	1,633,163	1,787,601
Commissions	897,364	1,306,860
Other general and administrative expenses	2,865,069	2,828,181
Total benefits and expenses	17,192,491	17,357,589
LOSS BEFORE FEDERAL INCOME TAXES	-96,729	-67,705
PROVISION (BENEFIT) FOR FEDERAL INCOME TAXES
Current	80,037	26,587
Deferred	-104,219	-40,128
Total federal income taxes	-24,182	-13,541
NET LOSS	($72,547)	($54,164)
BASIC AND DILUTED NET LOSS PER SHARE (in Dollars per share)	($0.06)	($0.05)
DIVIDENDS PER SHARE (in Dollars per share)	$0.21	$0.20

Condensed_Consolidated_Stateme

Condensed Consolidated Statements of Comprehensive Income (Unaudited) (USD $)	3 Months Ended
	Mar. 31, 2015		Mar. 31, 2014
NET LOSS	($72,547)		($54,164)
OTHER COMPREHENSIVE INCOME:
Unrealized holding gains arising during period	4,999,552		7,168,195
Reclassification adjustment for losses (gains) included in income	-158,828	[1]	3,806	[1]
Adjustment for effects of deferred acquisition costs	-119,053		-191,144
Net unrealized gains on investments	4,721,671		6,980,857
Amortization of actuarial net loss in net periodic pension cost	190,558	[2]	97,603	[2]
Other comprehensive income before income taxes	4,912,229		7,078,460
Income tax expense	1,670,158		2,406,676
OTHER COMPREHENSIVE INCOME, NET OF TAXES	3,242,071		4,671,784
COMPREHENSIVE INCOME	$3,169,524		$4,617,620
[1]	These items appear within net realized gains (losses) on investments in the consolidated income statements.
[2]	These items are included in the computation of net periodic pension cost (see Note 10).

Condensed_Consolidated_Stateme1

Condensed Consolidated Statements of Stockholders' Equity (Unaudited) (USD $)	Common Stock [Member]	Additional Paid-in Capital [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Retained Earnings [Member]	Total
Balance, at Dec. 31, 2013	$1,128,583	$8,908,243	$6,751,991	$36,858,451	$53,647,268
Net income (loss)				-54,164	-54,164
Other comprehensive income (loss), net			4,671,784		4,671,784
Cash dividends				-244,554	-244,554
Balance, at Mar. 31, 2014	1,128,583	8,908,243	11,423,775	36,559,733	58,020,334
Balance, at Dec. 31, 2014	1,123,980	8,908,243	12,704,319	37,799,944	60,536,486
Net income (loss)				-72,547	-72,547
Other comprehensive income (loss), net			3,242,071		3,242,071
Cash dividends				-255,814	-255,814
Balance, at Mar. 31, 2015	$1,123,980	$8,908,243	$15,946,390	$37,471,583	$63,450,196

Condensed_Consolidated_Stateme2

Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
NET CASH PROVIDED BY OPERATING ACTIVITIES	$1,619,414	$3,479,426
INVESTING ACTIVITIES
Purchases of available-for-sale securities	-8,820,837	-7,791,620
Sales of available-for-sale securities	3,201,808	449,727
Maturities of available-for-sale securities	9,618,212	6,700,321
Acquisitions of mortgage loans on real estate	-4,820,513	-732,640
Payments of mortgage loans on real estate	1,868,887	341,863
Payments of state-guaranteed receivables	298,260	298,260
Net change in payable (receivable) for securities	2,047,167	95,091
Net additions in other investments	-176,079	-75,317
Net additions to property and equipment	-203,665	-120,267
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES	3,013,240	-834,582
FINANCING ACTIVITIES
Receipts from universal life policies credited to policyholder account balances	1,061,173	1,295,052
Return of policyholder account balances on universal life policies	-1,992,850	-2,013,943
Payments on notes payable	-849,876	-817,548
Proceeds from notes payable	953,175	813,142
NET CASH USED IN FINANCING ACTIVITIES	-828,378	-723,297
INCREASE IN CASH AND CASH EQUIVALENTS	3,804,276	1,921,547
Cash and cash equivalents at beginning of period	1,870,867	4,143,291
CASH AND CASH EQUIVALENTS AT END OF PERIOD	$5,675,143	$6,064,838

Note_1_Nature_of_Operations

Note 1 - Nature of Operations	3 Months Ended
	Mar. 31, 2015
Disclosure Text Block [Abstract]
Nature of Operations [Text Block]	NOTE 1 - Nature of Operations
	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.
	Our principal 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.

Note_2_Basis_of_Presentation

Note 2 - Basis of Presentation	3 Months Ended
	Mar. 31, 2015
Disclosure Text Block [Abstract]
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	NOTE 2 - Basis of Presentation
	The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles for interim financial information and the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by U.S. generally accepted accounting principles for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. Operating results for the quarter ended March 31, 2015 are not necessarily indicative of the results that may be expected for the year ending December 31, 2015. For further information, refer to the consolidated financial statements and footnotes thereto for the year ended December 31, 2014, as included in our Annual Report on Form 10-K.
	The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates.
	Management has evaluated all events subsequent to March 31, 2015 through the date that these financial statements have been issued.

Note_3_New_Accounting_Pronounc

Note 3 - New Accounting Pronouncements	3 Months Ended
	Mar. 31, 2015
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
New Accounting Pronouncements and Changes in Accounting Principles [Text Block]	NOTE 3 – New Accounting Pronouncements
	All 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_4_Investments

Note 4 - Investments	3 Months Ended
	Mar. 31, 2015
Investments Disclosure [Abstract]
Investments Disclosure [Text Block]	NOTE 4– Investments
	Investments in available-for-sale securities are summarized as follows:
					Gross			Gross
	31-Mar-15	Amortized			Unrealized			Unrealized		Fair
		Cost			Gains			Losses		Value
	Fixed maturity securities:
	U.S. government obligations	$	27,058,920		$	1,136,850		$	-	$	28,195,770
	States and political subdivisions		37,179,634			6,168,220			10,673		43,337,181
	Corporate		221,515,492			18,149,584			595,008		239,070,068
	Foreign		63,756,771			3,670,266			518,776		66,908,261
	Asset-backed securities		1,432,996			20,269			-		1,453,265
	Mortgage-backed securities (MBS):
	Commercial MBS		7,705,874			413,781			-		8,119,655
	Residential MBS		40,891,117			2,796,344			-		43,687,461
	Total fixed maturity securities		399,540,804			32,355,314			1,124,457		430,771,661
	Equity securities:
	U.S. agencies		707,900			-			-		707,900
	Mutual funds		318,284			38,002			-		356,286
	Corporate common stock		5,450,643			1,325,475			158,010		6,618,108
	Total equity securities		6,476,827			1,363,477			158,010		7,682,294
	Total	$	406,017,631		$	33,718,791		$	1,282,467	$	438,453,955
					Gross			Gross
	31-Dec-14	Amortized			Unrealized			Unrealized		Fair
		Cost			Gains			Losses		Value
	Fixed maturity 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
	The following table summarizes, for all securities in an unrealized loss position as of the balance sheet dates, 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-Mar-15								31-Dec-14
					Gross			Number				Gross		Number
		Estimated			Unrealized			of		Estimated		Unrealized		of
		Fair Value			Loss			Securities		Fair Value		Loss		Securities
	Fixed Maturities:
	Less than 12 months:
	States and political subdivisions	$	739,328		$	10,673			1	$	-	$	-		-
	Corporate		9,069,557			330,560			6		12,473,068		508,818		7
	Foreign		5,981,173			258,603			4		10,374,173		310,267		7
	Residential MBS		-			-			-		16,862		6		1
	Greater than 12 months:
	U.S. government obligations		-			-			-		7,736,774		16,164		1
	Corporate		3,985,662			264,448			3		3,828,887		421,814		3
	Foreign		4,899,184			260,173			2		4,724,455		441,102		2
	Total fixed maturities		24,674,904			1,124,457			16		39,154,219		1,698,171		21
	Equities:
	Less than 12 months:
	Corporate common stock		574,114			97,184			8		527,614		103,438		4
	Greater than 12 months:
	Corporate common stock		165,471			60,826			4		525,865		19,935		4
	Total equities		739,585			158,010			12		1,053,479		123,373		8
	Total	$	25,414,489		$	1,282,467			28	$	40,207,698	$	1,821,544		29
	As of March 31, 2015, all of the above fixed maturity securities individually had a fair value to cost ratio equal to or greater than 90% and the equity securities had a fair value to cost ratio equal to or exceeding 69%. 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 equal to or greater than 78%.
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 quarters ended March 31, 2015 or 2014.
Management believes that the Company will fully recover its cost basis in the securities held at March 31, 2015, 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 (depreciation) had been realized.
	March 31,			December 31,
	2015			2014
Net unrealized appreciation on available-for sale securities	$	32,436,324		$	27,595,600
Adjustment to deferred acquisition costs		(830,703	)		(711,650	)
Deferred income taxes		(10,745,911	)		(9,140,543	)
Net unrealized appreciation on available-for sale securities	$	20,859,710		$	17,743,407
The amortized cost and fair value of fixed maturity securities at March 31, 2015, 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	$	8,830,253		$	9,030,285
Due after one year through five years		84,073,704			92,683,476
Due after five years through ten years		180,399,260			190,895,214
Due after ten years		52,812,115			60,644,458
Due at multiple maturity dates		73,425,472			77,518,228
Total	$	399,540,804		$	430,771,661
Proceeds for the quarters ended March 31, 2015 and 2014 from sales and maturities of investments in available-for-sale securities, as well as gross gains and gross losses realized, are presented below.
	Quarter Ended March 31,
	2015			2014
Proceeds from sales and maturities	$	12,820,020		$	7,150,048
Gross realized gains		160,792			21,672
Gross realized losses		(1,964	)		(25,478	)
The table below shows the change in net unrealized investment gains (losses) and the amount of realized investment gains (losses) on fixed maturities and equity securities for the quarters ended March 31, 2015 and 2014.
	Quarter Ended March 31,
	2015			2014
Change in unrealized investment gains:
Available-for-sale:
Fixed maturities	$	4,709,640		$	6,860,197
Equity securities		131,084			311,804
Net realized investment gains (losses):
Available-for-sale:
Fixed maturities	$	90,859		$	-
Equity securities		67,969			(3,806	)
The Company is required to hold assets on deposit for the benefit of policyholders in accordance with statutory rules and regulations. At March 31, 2015 and December 31, 2014, these required deposits had a total fair value of $23,640,234 and $23,951,372, respectively.
The Company also engages in commercial and residential mortgage lending. As of March 31, 2015, investments in commercial and residential properties comprised 38.2% and 61.8%, respectively, of the Company’s mortgage portfolio. At December 31, 2014, investments in commercial and residential properties comprised 41.9% and 58.1%, 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.
The Company purchases 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.
As of March 31, 2015 and December 31, 2014, 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 the quarters ended March 31, 2015 and 2014.
The Company’s investments in mortgage loans, by state, are as follows:
	March 31,			December 31,
	2015			2014
Florida	$	5,401,368		$	6,047,236
California		5,078,618			4,806,451
Illinois		4,631,248			3,392,446
Texas		3,485,045			2,290,700
Kentucky		3,440,569			3,492,854
Georgia		2,710,588			3,123,530
Ohio		1,777,594			1,805,093
Arizona		1,145,494			927,600
Tennessee		978,461			1,054,671
Indiana		625,664			95,434
West Virginia		433,772			440,725
Pennsylvania		383,560			-
Nevada		376,000			-
North Carolina		358,466			359,308
Missouri		267,324			267,996
New Jersey		251,423			252,612
South Carolina		242,707			248,815
Colorado		224,666			225,772
Massachusetts		219,363			239,399
Idaho		170,680			174,433
Kansas		136,172			136,442
Utah		77,795			77,919
Total	$	32,416,577		$	29,459,436
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. The state-guaranteed receivables are carried at their amortized cost basis on the balance sheet. At March 31, 2015, the amortized cost and estimated fair value of state-guaranteed receivables, by contractual maturity, are summarized as follows:
	Amortized			Fair
	Cost			Value
Due in one year or less	$	739,517		$	755,505
Due after one year through five years		2,476,155			2,750,467
Due after five years through ten years		3,011,141			3,859,923
Due after ten years		1,532,982			2,284,232
Total	$	7,759,795		$	9,650,127
The amortized cost of state-guaranteed receivables, by state, is summarized as follows:
	March 31,			December 31,
	2015			2014
New York	$	3,579,778		$	3,694,805
Massachusetts		1,953,718			1,969,570
Georgia		1,447,195			1,467,774
Pennsylvania		305,144			299,851
Texas		231,722			227,649
California		171,233			188,131
Ohio		71,005			69,599
Total	$	7,759,795		$	7,917,379
Major categories of net investment income are summarized as follows:
	Quarter Ended March 31,
	2015			2014
Fixed maturities	$	4,637,808		$	4,709,081
Equity securities		63,291			51,637
Mortgage loans on real estate		558,396			303,876
Policy loans		118,740			116,929
State-guaranteed receivables		140,675			143,795
Other		60,652			57,057
Gross investment income		5,579,562			5,382,375
Investment expenses		355,750			303,393
Net investment income	$	5,223,812		$	5,078,982

Note_5_Fair_Values_of_Financia

Note 5 - Fair Values of Financial Instruments	3 Months Ended
	Mar. 31, 2015
Fair Value Disclosures [Abstract]
Fair Value Disclosures [Text Block]	NOTE 5 – 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 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 March 31, 2015 and December 31, 2014.
		31-Mar-15
		Level 1			Level 2		Level 3		Total
	Fixed maturities:
	U.S. government obligations	$	-		$	28,195,770	$	-	$	28,195,770
	States and political subdivisions		-			43,337,181		-		43,337,181
	Corporate		-			239,070,068		-		239,070,068
	Foreign		-			66,908,261		-		66,908,261
	Asset-backed securities		-			1,453,265		-		1,453,265
	Mortgage-backed securities:
	Commercial MBS		-			8,119,655		-		8,119,655
	Residential MBS		-			43,687,461		-		43,687,461
	Total fixed maturities	$	-		$	430,771,661	$	-	$	430,771,661
	Equity securities:
	U.S. agencies	$	707,900		$	-	$	-	$	707,900
	Mutual funds		356,286			-		-		356,286
	Corporate common stock		6,266,108			-		352,000		6,618,108
	Total equity securities	$	7,330,294		$	-	$	352,000	$	7,682,294
		31-Dec-14
		Level 1			Level 2		Level 3		Total
	Fixed maturities:
	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
	Equity securities:
	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
	The following table provides a summary of changes in fair value of our Level 3 financial instruments reported at fair value for the quarters ended March 31, 2015 and 2014.
		Quarter Ended March 31,
		2015			2014
	Corporate common stock:
	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 income		(32,000	)		-
	Ending balance	$	352,000		$	384,000
	The Company experienced no transfers between Level 1 and Level 2 during the quarters ended March 31, 2015 or 2014. The Company experienced no transfers between Level 2 and Level 3 during the quarters ended March 31, 2015 or 2014. 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 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.
	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 March 31, 2015 and December 31, 2014, 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-Mar-15
	Carrying			Fair
	Amount			Value		Level 1		Level 2		Level 3
Assets:
Mortgage loans on real estate:
Commercial	$	12,390,295		$	13,050,138	$	-	$	-	$	13,050,138
Residential		20,026,282			22,180,264		-		-		22,180,264
Policy loans		6,716,387			6,716,387		-		-		6,716,387
State-guaranteed receivables		7,759,795			9,650,127		-		9,650,127		-
Other invested assets		3,396,033			3,396,033		-		-		3,396,033
Cash and cash equivalents		5,675,143			5,675,143		5,675,143		-		-
Accrued investment income		4,452,620			4,452,620		-		-		4,452,620
Cash value of company-owned life insurance		12,528,527			12,528,527		-		-		12,528,527
Liabilities:
Policyholder deposits (Investment-type contracts)		52,964,159			55,662,540		-		-		55,662,540
Policy claims		2,635,852			2,635,852		-		-		2,635,852
Obligations under capital leases		645,799			645,799		-		-		645,799
Notes payable		2,611,875			2,611,875		-		-		2,611,875
	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
The following methods and assumptions were used in estimating the fair value disclosures for financial instruments in the accompanying 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.
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 with floating interest rates and promissory notes 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_6_Earnings_Per_Share

Note 6 - Earnings Per Share	3 Months Ended
	Mar. 31, 2015
Earnings Per Share [Abstract]
Earnings Per Share [Text Block]	NOTE 6 - Earnings per Share
	Earnings per share of common stock were computed based on the weighted average number of common shares outstanding during each period. The weighted average number of shares outstanding for the quarters ended March 31, 2015 and 2014 were 1,123,980 and 1,128,583, respectively.

Note_7_Segment_Data

Note 7 - Segment Data	3 Months Ended
	Mar. 31, 2015
Segment Reporting [Abstract]
Segment Reporting Disclosure [Text Block]	NOTE 7 - Segment Data
	The Company operates in four segments as shown in the following table. 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 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 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.
		Quarter Ended March 31,
		2015			2014
	Revenue:
	Preneed and burial products	$	12,131,407		$	11,212,714
	Traditional and universal life products		4,442,464			5,597,532
	Administrative and financial services		302,094			277,436
	Corporate and other		219,797			202,202
	Total revenue	$	17,095,762		$	17,289,884
	Pre-tax income (loss) from operations:
	Preneed and burial products	$	(246,848	)	$	(308,578	)
	Traditional and universal life products		71,578			192,491
	Administrative and financial services		57,586			46,231
	Corporate and other		20,955			2,151
	Total pre-tax income	$	(96,729	)	$	(67,705	)

Note_8_Federal_Income_Taxes

Note 8 - Federal Income Taxes	3 Months Ended
	Mar. 31, 2015
Income Tax Disclosure [Abstract]
Income Tax Disclosure [Text Block]	NOTE 8 – Federal Income Taxes
	The provision for federal income taxes is based on the estimated effective annual tax rate. Deferred 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. Income before federal income taxes differs from taxable income principally due to the dividends-received deduction; the 404(k) dividend deduction; the small life insurance company tax deduction; nondeductible travel and entertainment expenses; and non-taxable effects of company-owned life insurance premiums, cash value growth, and death benefit proceeds.
	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 financial statements.

Note_9_Other_Comprehensive_Inc

Note 9 - Other Comprehensive Income (Loss)	3 Months Ended
	Mar. 31, 2015
Disclosure Text Block [Abstract]
Comprehensive Income (Loss) Note [Text Block]	NOTE 9 – Other Comprehensive Income (Loss)
	The following tables present the pretax components of the Company’s other comprehensive income (loss), and the related income tax expense (benefit) for each component, for the quarters ended March 31, 2015 and 2014.
		Quarter Ended March 31, 2015
					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	$	4,999,552		$	1,679,372		$	3,320,180
	Reclassification adjustment for gains included in income		(158,828	)		(33,526	)		(125,302	)
	Adjustment for effect of deferred acquisition costs		(119,053	)		(40,478	)		(78,575	)
	Net unrealized gains on investments		4,721,671			1,605,368			3,116,303
	Change in defined benefit pension plan:
	Amortization of actuarial net loss in net periodic pension cost		190,558			64,790			125,768
	Total other comprehensive income	$	4,912,229		$	1,670,158		$	3,242,071
		Quarter Ended March 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	$	7,168,195		$	2,437,718		$	4,730,477
	Reclassification adjustment for losses included in income		3,806			761			3,045
	Adjustment for effect of deferred acquisition costs		(191,144	)		(64,988	)		(126,156	)
	Net unrealized losses on investments		6,980,857			2,373,491			4,607,366
	Change in defined benefit pension plan:
	Amortization of actuarial net loss in net periodic pension cost		97,603			33,185			64,418
	Total other comprehensive income	$	7,078,460		$	2,406,676		$	4,671,784
	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, net of tax, for the quarters ended March 31, 2015 and 2014 are as follows:
		Unrealized Gains			Defined			Accumulated
		(Losses) on			Benefit			Other
		Available-For-Sale			Pension			Comprehensive
		Securities			Plan			Income
	For the quarter ended March 31, 2015:
	Beginning balance	$	17,743,407		$	(5,039,088	)	$	12,704,319
	Other comprehensive income before reclassifications		3,241,605			-			3,241,605
	Amounts reclassified from accumulated other comprehensive income		(125,302	)		125,768			466
	Net current period other comprehensive income		3,116,303			125,768			3,242,071
	Ending balance	$	20,859,710		$	(4,913,320	)	$	15,946,390
	For the quarter ended March 31, 2014:
	Beginning balance	$	9,916,148		$	(3,164,157	)	$	6,751,991
	Other comprehensive income before reclassifications		4,604,321			-			4,604,321
	Amounts reclassified from accumulated other comprehensive income		3,045			64,418			67,463
	Net current period other comprehensive income		4,607,366			64,418			4,671,784
	Ending balance	$	14,523,514		$	(3,099,739	)	$	11,423,775
	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 quarters ended March 31, 2015 and 2014.
		Quarter Ended March 31,
	Reclassification Adjustments	2015			2014
	Unrealized gains on available-for-sale securities:
	Realized gains (losses) on sale of securities (a)	$	158,828		$	(3,806	)
	Income tax benefit (expense) (c)		(33,526	)		761
	Net of tax		125,302			(3,045	)
	Defined benefit pension plan:
	Amortization of actuarial net loss (b)		(190,558	)		(97,603	)
	Income tax benefit (c)		64,790			33,185
	Net of tax		(125,768	)		(64,418	)
	Total reclassifications for the period	$	(466	)	$	(67,463	)
	(a) These items appear within net realized gains (losses) on investments in the consolidated income statements.
	(b) These items are included in the computation of net periodic pension cost (see Note 10).
	(c) These items appear within federal income taxes in the consolidated income statements.

Note_10_Employee_Benefit_Plans

Note 10 - Employee Benefit Plans	3 Months Ended
	Mar. 31, 2015
Compensation and Retirement Disclosure [Abstract]
Pension and Other Postretirement Benefits Disclosure [Text Block]	NOTE 10 – Employee Benefit Plans
	Investors Heritage Capital Corporation sponsors a noncontributory defined benefit pension plan, which was frozen in 2012 with respect to new benefit accruals. Participants in the plan at the time it was frozen may still continue to earn vesting credit towards their pension plan benefit. The following table provides the components of our net periodic benefit cost:
		Quarter Ended March 31,
		2015			2014
	Service cost	$	-		$	-
	Interest cost		222,566			261,264
	Expected return on plan assets		(293,069	)		(299,418	)
	Recognized actuarial net loss		190,558			97,603
	Net periodic pension cost	$	120,055		$	59,449
	We previously disclosed in our financial statements for the year ended December 31, 2014 that the Company expected to contribute $300,000 to our defined benefit pension plan during 2015. As of March 31, 2015, the Company had contributed $75,000 to the plan.

Note_11_Notes_Payable

Note 11 - Notes Payable	3 Months Ended
	Mar. 31, 2015
Debt Disclosure [Abstract]
Debt Disclosure [Text Block]	NOTE 11 – Notes Payable
	The Company renewed the Investors Heritage Capital Corporation Line of Credit and the At Need Funding Line of Credit during the first quarter of 2015. The Investors Heritage Capital Corporation Line of Credit remains for $150,000 with a new maturity date of March 24, 2017. Interest is paid on this note monthly at the prime rate, with a floor of 3.25%. The At Need Funding Line of Credit was increased to $1,500,000 with a new maturity date of March 24, 2017. Interest is paid on this note monthly at the prime rate, which is currently 3.25%.

Note_4_Investments_Tables

Note 4 - Investments (Tables)	3 Months Ended
	Mar. 31, 2015
Investments Disclosure [Abstract]
Schedule of Available-for-sale Securities Reconciliation [Table Text Block]					Gross			Gross
	31-Mar-15	Amortized			Unrealized			Unrealized		Fair
		Cost			Gains			Losses		Value
	Fixed maturity securities:
	U.S. government obligations	$	27,058,920		$	1,136,850		$	-	$	28,195,770
	States and political subdivisions		37,179,634			6,168,220			10,673		43,337,181
	Corporate		221,515,492			18,149,584			595,008		239,070,068
	Foreign		63,756,771			3,670,266			518,776		66,908,261
	Asset-backed securities		1,432,996			20,269			-		1,453,265
	Mortgage-backed securities (MBS):
	Commercial MBS		7,705,874			413,781			-		8,119,655
	Residential MBS		40,891,117			2,796,344			-		43,687,461
	Total fixed maturity securities		399,540,804			32,355,314			1,124,457		430,771,661
	Equity securities:
	U.S. agencies		707,900			-			-		707,900
	Mutual funds		318,284			38,002			-		356,286
	Corporate common stock		5,450,643			1,325,475			158,010		6,618,108
	Total equity securities		6,476,827			1,363,477			158,010		7,682,294
	Total	$	406,017,631		$	33,718,791		$	1,282,467	$	438,453,955
					Gross			Gross
	31-Dec-14	Amortized			Unrealized			Unrealized		Fair
		Cost			Gains			Losses		Value
	Fixed maturity 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
Schedule of Temporary Impairment Losses, Investments [Table Text Block]		31-Mar-15								31-Dec-14
					Gross			Number				Gross		Number
		Estimated			Unrealized			of		Estimated		Unrealized		of
		Fair Value			Loss			Securities		Fair Value		Loss		Securities
	Fixed Maturities:
	Less than 12 months:
	States and political subdivisions	$	739,328		$	10,673			1	$	-	$	-		-
	Corporate		9,069,557			330,560			6		12,473,068		508,818		7
	Foreign		5,981,173			258,603			4		10,374,173		310,267		7
	Residential MBS		-			-			-		16,862		6		1
	Greater than 12 months:
	U.S. government obligations		-			-			-		7,736,774		16,164		1
	Corporate		3,985,662			264,448			3		3,828,887		421,814		3
	Foreign		4,899,184			260,173			2		4,724,455		441,102		2
	Total fixed maturities		24,674,904			1,124,457			16		39,154,219		1,698,171		21
	Equities:
	Less than 12 months:
	Corporate common stock		574,114			97,184			8		527,614		103,438		4
	Greater than 12 months:
	Corporate common stock		165,471			60,826			4		525,865		19,935		4
	Total equities		739,585			158,010			12		1,053,479		123,373		8
	Total	$	25,414,489		$	1,282,467			28	$	40,207,698	$	1,821,544		29
Unrealized Gain (Loss) on Investments [Table Text Block]		March 31,			December 31,
		2015			2014
	Net unrealized appreciation on available-for sale securities	$	32,436,324		$	27,595,600
	Adjustment to deferred acquisition costs		(830,703	)		(711,650	)
	Deferred income taxes		(10,745,911	)		(9,140,543	)
	Net unrealized appreciation on available-for sale securities	$	20,859,710		$	17,743,407
Investments Classified by Contractual Maturity Date [Table Text Block]		Available-for-Sale
		Amortized			Fair
		Cost			Value
	Due in one year or less	$	8,830,253		$	9,030,285
	Due after one year through five years		84,073,704			92,683,476
	Due after five years through ten years		180,399,260			190,895,214
	Due after ten years		52,812,115			60,644,458
	Due at multiple maturity dates		73,425,472			77,518,228
	Total	$	399,540,804		$	430,771,661
Realized Gain (Loss) on Investments [Table Text Block]		Quarter Ended March 31,
		2015			2014
	Proceeds from sales and maturities	$	12,820,020		$	7,150,048
	Gross realized gains		160,792			21,672
	Gross realized losses		(1,964	)		(25,478	)
Realized and Unrealized Gains (Losses) on Investments [Table Text Block]		Quarter Ended March 31,
		2015			2014
	Change in unrealized investment gains:
	Available-for-sale:
	Fixed maturities	$	4,709,640		$	6,860,197
	Equity securities		131,084			311,804
	Net realized investment gains (losses):
	Available-for-sale:
	Fixed maturities	$	90,859		$	-
	Equity securities		67,969			(3,806	)
Schedule of Mortgage Loans on Real Estate [Table Text Block]		March 31,			December 31,
		2015			2014
	Florida	$	5,401,368		$	6,047,236
	California		5,078,618			4,806,451
	Illinois		4,631,248			3,392,446
	Texas		3,485,045			2,290,700
	Kentucky		3,440,569			3,492,854
	Georgia		2,710,588			3,123,530
	Ohio		1,777,594			1,805,093
	Arizona		1,145,494			927,600
	Tennessee		978,461			1,054,671
	Indiana		625,664			95,434
	West Virginia		433,772			440,725
	Pennsylvania		383,560			-
	Nevada		376,000			-
	North Carolina		358,466			359,308
	Missouri		267,324			267,996
	New Jersey		251,423			252,612
	South Carolina		242,707			248,815
	Colorado		224,666			225,772
	Massachusetts		219,363			239,399
	Idaho		170,680			174,433
	Kansas		136,172			136,442
	Utah		77,795			77,919
	Total	$	32,416,577		$	29,459,436
State Guaranteed Receivables, Classified by Contractual Maturity Date [Table Text Block]		Amortized			Fair
		Cost			Value
	Due in one year or less	$	739,517		$	755,505
	Due after one year through five years		2,476,155			2,750,467
	Due after five years through ten years		3,011,141			3,859,923
	Due after ten years		1,532,982			2,284,232
	Total	$	7,759,795		$	9,650,127
Schedule of Payments On State Guaranteed Receivables by State [Table Text Block]		March 31,			December 31,
		2015			2014
	New York	$	3,579,778		$	3,694,805
	Massachusetts		1,953,718			1,969,570
	Georgia		1,447,195			1,467,774
	Pennsylvania		305,144			299,851
	Texas		231,722			227,649
	California		171,233			188,131
	Ohio		71,005			69,599
	Total	$	7,759,795		$	7,917,379
Investment Income [Table Text Block]		Quarter Ended March 31,
		2015			2014
	Fixed maturities	$	4,637,808		$	4,709,081
	Equity securities		63,291			51,637
	Mortgage loans on real estate		558,396			303,876
	Policy loans		118,740			116,929
	State-guaranteed receivables		140,675			143,795
	Other		60,652			57,057
	Gross investment income		5,579,562			5,382,375
	Investment expenses		355,750			303,393
	Net investment income	$	5,223,812		$	5,078,982

Note_5_Fair_Values_of_Financia1

Note 5 - Fair Values of Financial Instruments (Tables)	3 Months Ended
	Mar. 31, 2015
Fair Value Disclosures [Abstract]
Fair Value, Assets Measured on Recurring Basis [Table Text Block]		31-Mar-15
		Level 1			Level 2		Level 3		Total
	Fixed maturities:
	U.S. government obligations	$	-		$	28,195,770	$	-	$	28,195,770
	States and political subdivisions		-			43,337,181		-		43,337,181
	Corporate		-			239,070,068		-		239,070,068
	Foreign		-			66,908,261		-		66,908,261
	Asset-backed securities		-			1,453,265		-		1,453,265
	Mortgage-backed securities:
	Commercial MBS		-			8,119,655		-		8,119,655
	Residential MBS		-			43,687,461		-		43,687,461
	Total fixed maturities	$	-		$	430,771,661	$	-	$	430,771,661
	Equity securities:
	U.S. agencies	$	707,900		$	-	$	-	$	707,900
	Mutual funds		356,286			-		-		356,286
	Corporate common stock		6,266,108			-		352,000		6,618,108
	Total equity securities	$	7,330,294		$	-	$	352,000	$	7,682,294
		31-Dec-14
		Level 1			Level 2		Level 3		Total
	Fixed maturities:
	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
	Equity securities:
	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
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]		Quarter Ended March 31,
		2015			2014
	Corporate common stock:
	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 income		(32,000	)		-
	Ending balance	$	352,000		$	384,000
Fair Value, by Balance Sheet Grouping [Table Text Block]		31-Mar-15
		Carrying			Fair
		Amount			Value		Level 1		Level 2		Level 3
	Assets:
	Mortgage loans on real estate:
	Commercial	$	12,390,295		$	13,050,138	$	-	$	-	$	13,050,138
	Residential		20,026,282			22,180,264		-		-		22,180,264
	Policy loans		6,716,387			6,716,387		-		-		6,716,387
	State-guaranteed receivables		7,759,795			9,650,127		-		9,650,127		-
	Other invested assets		3,396,033			3,396,033		-		-		3,396,033
	Cash and cash equivalents		5,675,143			5,675,143		5,675,143		-		-
	Accrued investment income		4,452,620			4,452,620		-		-		4,452,620
	Cash value of company-owned life insurance		12,528,527			12,528,527		-		-		12,528,527
	Liabilities:
	Policyholder deposits (Investment-type contracts)		52,964,159			55,662,540		-		-		55,662,540
	Policy claims		2,635,852			2,635,852		-		-		2,635,852
	Obligations under capital leases		645,799			645,799		-		-		645,799
	Notes payable		2,611,875			2,611,875		-		-		2,611,875
		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

Note_7_Segment_Data_Tables

Note 7 - Segment Data (Tables)	3 Months Ended
	Mar. 31, 2015
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment [Table Text Block]		Quarter Ended March 31,
		2015			2014
	Revenue:
	Preneed and burial products	$	12,131,407		$	11,212,714
	Traditional and universal life products		4,442,464			5,597,532
	Administrative and financial services		302,094			277,436
	Corporate and other		219,797			202,202
	Total revenue	$	17,095,762		$	17,289,884
	Pre-tax income (loss) from operations:
	Preneed and burial products	$	(246,848	)	$	(308,578	)
	Traditional and universal life products		71,578			192,491
	Administrative and financial services		57,586			46,231
	Corporate and other		20,955			2,151
	Total pre-tax income	$	(96,729	)	$	(67,705	)

Note_9_Other_Comprehensive_Inc1

Note 9 - Other Comprehensive Income (Loss) (Tables)	3 Months Ended
	Mar. 31, 2015
Disclosure Text Block [Abstract]
Comprehensive Income (Loss) [Table Text Block]		Quarter Ended March 31, 2015
					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	$	4,999,552		$	1,679,372		$	3,320,180
	Reclassification adjustment for gains included in income		(158,828	)		(33,526	)		(125,302	)
	Adjustment for effect of deferred acquisition costs		(119,053	)		(40,478	)		(78,575	)
	Net unrealized gains on investments		4,721,671			1,605,368			3,116,303
	Change in defined benefit pension plan:
	Amortization of actuarial net loss in net periodic pension cost		190,558			64,790			125,768
	Total other comprehensive income	$	4,912,229		$	1,670,158		$	3,242,071
		Quarter Ended March 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	$	7,168,195		$	2,437,718		$	4,730,477
	Reclassification adjustment for losses included in income		3,806			761			3,045
	Adjustment for effect of deferred acquisition costs		(191,144	)		(64,988	)		(126,156	)
	Net unrealized losses on investments		6,980,857			2,373,491			4,607,366
	Change in defined benefit pension plan:
	Amortization of actuarial net loss in net periodic pension cost		97,603			33,185			64,418
	Total other comprehensive income	$	7,078,460		$	2,406,676		$	4,671,784
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]		Unrealized Gains			Defined			Accumulated
		(Losses) on			Benefit			Other
		Available-For-Sale			Pension			Comprehensive
		Securities			Plan			Income
	For the quarter ended March 31, 2015:
	Beginning balance	$	17,743,407		$	(5,039,088	)	$	12,704,319
	Other comprehensive income before reclassifications		3,241,605			-			3,241,605
	Amounts reclassified from accumulated other comprehensive income		(125,302	)		125,768			466
	Net current period other comprehensive income		3,116,303			125,768			3,242,071
	Ending balance	$	20,859,710		$	(4,913,320	)	$	15,946,390
	For the quarter ended March 31, 2014:
	Beginning balance	$	9,916,148		$	(3,164,157	)	$	6,751,991
	Other comprehensive income before reclassifications		4,604,321			-			4,604,321
	Amounts reclassified from accumulated other comprehensive income		3,045			64,418			67,463
	Net current period other comprehensive income		4,607,366			64,418			4,671,784
	Ending balance	$	14,523,514		$	(3,099,739	)	$	11,423,775
Schedule of Amounts Recognized in Other Comprehensive Income (Loss) [Table Text Block]		Quarter Ended March 31,
	Reclassification Adjustments	2015			2014
	Unrealized gains on available-for-sale securities:
	Realized gains (losses) on sale of securities (a)	$	158,828		$	(3,806	)
	Income tax benefit (expense) (c)		(33,526	)		761
	Net of tax		125,302			(3,045	)
	Defined benefit pension plan:
	Amortization of actuarial net loss (b)		(190,558	)		(97,603	)
	Income tax benefit (c)		64,790			33,185
	Net of tax		(125,768	)		(64,418	)
	Total reclassifications for the period	$	(466	)	$	(67,463	)
	(a) These items appear within net realized gains (losses) on investments in the consolidated income statements.
	(b) These items are included in the computation of net periodic pension cost (see Note 10).
	(c) These items appear within federal income taxes in the consolidated income statements.

Note_10_Employee_Benefit_Plans1

Note 10 - Employee Benefit Plans (Tables)	3 Months Ended
	Mar. 31, 2015
Compensation and Retirement Disclosure [Abstract]
Schedule of Defined Benefit Plans Disclosures [Table Text Block]		Quarter Ended March 31,
		2015			2014
	Service cost	$	-		$	-
	Interest cost		222,566			261,264
	Expected return on plan assets		(293,069	)		(299,418	)
	Recognized actuarial net loss		190,558			97,603
	Net periodic pension cost	$	120,055		$	59,449

Note_1_Nature_of_Operations_De

Note 1 - Nature of Operations (Details)	3 Months Ended
	Mar. 31, 2015
Disclosure Text Block [Abstract]
Percent of Revenue	99.00%

Note_4_Investments_Details

Note 4 - Investments (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
Note 4 - Investments (Details) [Line Items]
Restricted Cash and Investments (in Dollars)	$23,640,234	$23,951,372
Mortgage Loans, Commercial Percentage	38.20%	41.90%
Mortgage Loans, Residential Percentage	61.80%	58.10%
Maximum Loan to Value Ratio Required	80.00%
Minimum Debt Service Coverage Required	115.00%
Fixed Maturities [Member]
Note 4 - Investments (Details) [Line Items]
Minimum Fair Value to Cost Ratio	90.00%	86.00%
Equity Securities [Member]
Note 4 - Investments (Details) [Line Items]
Minimum Fair Value to Cost Ratio	69.00%	78.00%

Note_4_Investments_Details_Ava

Note 4 - Investments (Details) - Available-for-sale Securities (USD $)	Mar. 31, 2015	Dec. 31, 2014
Fixed maturity securities:
Fixed maturity securities, amortized cost	$399,540,804	$403,596,261
Fixed maturity securities, gross unrealized gains	32,355,314	28,219,388
Fixed maturity securities, gross unrealized losses	1,124,457	1,698,171
Fixed maturity securities	430,771,661	430,117,478
Equity securities:
Equity securities, amortized cost	6,476,827	6,331,436
Equity securities, gross unrealized gains	1,363,477	1,197,756
Equity securities, gross unrealized losses	158,010	123,373
Equity securities	7,682,294	7,405,819
Securities, amortized cost	406,017,631	409,927,697
Securities, gross unrealized gains	33,718,791	29,417,144
Securities, gross unrealized losses	1,282,467	1,821,544
Securities	438,453,955	437,523,297
US Government Agencies Debt Securities [Member]
Fixed maturity securities:
Fixed maturity securities, amortized cost	27,058,920	28,063,178
Fixed maturity securities, gross unrealized gains	1,136,850	820,997
Fixed maturity securities, gross unrealized losses		16,164
Fixed maturity securities	28,195,770	28,868,011
Equity securities:
Securities	28,195,770	28,868,011
US States and Political Subdivisions Debt Securities [Member]
Fixed maturity securities:
Fixed maturity securities, amortized cost	37,179,634	38,021,271
Fixed maturity securities, gross unrealized gains	6,168,220	5,985,975
Fixed maturity securities, gross unrealized losses	10,673
Fixed maturity securities	43,337,181	44,007,246
Equity securities:
Securities	43,337,181	44,007,246
Corporate Debt Securities [Member]
Fixed maturity securities:
Fixed maturity securities, amortized cost	221,515,492	224,299,411
Fixed maturity securities, gross unrealized gains	18,149,584	15,669,733
Fixed maturity securities, gross unrealized losses	595,008	930,632
Fixed maturity securities	239,070,068	239,038,512
Equity securities:
Securities	239,070,068	239,038,512
Foreign [Member]
Fixed maturity securities:
Fixed maturity securities, amortized cost	63,756,771	63,792,040
Fixed maturity securities, gross unrealized gains	3,670,266	2,934,542
Fixed maturity securities, gross unrealized losses	518,776	751,369
Fixed maturity securities	66,908,261	65,975,213
Equity securities:
Securities	66,908,261	65,975,213
Asset-backed Securities [Member]
Fixed maturity securities:
Fixed maturity securities, amortized cost	1,432,996	1,432,996
Fixed maturity securities, gross unrealized gains	20,269	33,501
Fixed maturity securities	1,453,265	1,466,497
Equity securities:
Securities	1,453,265	1,466,497
Commercial Mortgage Backed Securities [Member]
Fixed maturity securities:
Fixed maturity securities, amortized cost	7,705,874	7,869,355
Fixed maturity securities, gross unrealized gains	413,781	266,831
Fixed maturity securities	8,119,655	8,136,186
Equity securities:
Securities	8,119,655	8,136,186
Residential Mortgage Backed Securities [Member]
Fixed maturity securities:
Fixed maturity securities, amortized cost	40,891,117	40,118,010
Fixed maturity securities, gross unrealized gains	2,796,344	2,507,809
Fixed maturity securities, gross unrealized losses		6
Fixed maturity securities	43,687,461	42,625,813
Equity securities:
Securities	43,687,461	42,625,813
US Agencies [Member]
Equity securities:
Equity securities, amortized cost	707,900	707,900
Equity securities	707,900	707,900
Securities	707,900	707,900
Mutual Funds [Member]
Equity securities:
Equity securities, amortized cost	318,284	318,284
Equity securities, gross unrealized gains	38,002	40,038
Equity securities	356,286	358,322
Securities	356,286	358,322
Common Stock [Member]
Equity securities:
Equity securities, amortized cost	5,450,643	5,305,252
Equity securities, gross unrealized gains	1,325,475	1,157,718
Equity securities, gross unrealized losses	158,010	123,373
Equity securities	6,618,108	6,339,597
Securities	$6,618,108	$6,339,597

Note_4_Investments_Details_Sec

Note 4 - Investments (Details) - Securities in a Continuous Unrealized Loss Position (USD $)	Mar. 31, 2015	Dec. 31, 2014
Greater than 12 months:
Securities in continuous loss position, estimated fair value	$25,414,489	$40,207,698
Securities in continuous loss position, gross unrealized loss	1,282,467	1,821,544
Securities in continuous loss position, number of securities	28	29
US States and Political Subdivisions Debt Securities [Member]
Less than 12 months:
Securities in continuous loss position, less than 12 months, fair value	739,328
Securities in continuous loss position, less than 12 months, gross unrealized loss	10,673
Securities in continuous loss position, less than 12 months, number of securities	1
Corporate Debt Securities [Member]
Less than 12 months:
Securities in continuous loss position, less than 12 months, fair value	9,069,557	12,473,068
Securities in continuous loss position, less than 12 months, gross unrealized loss	330,560	508,818
Securities in continuous loss position, less than 12 months, number of securities	6	7
Greater than 12 months:
Securities in continuous loss position, greater than 12 months, fair value	3,985,662	3,828,887
Securities in continuous loss position, greater than 12 months, gross unrealized loss	264,448	421,814
Securities in continuous loss position, greater than 12 months, number of securities	3	3
Foreign [Member]
Less than 12 months:
Securities in continuous loss position, less than 12 months, fair value	5,981,173	10,374,173
Securities in continuous loss position, less than 12 months, gross unrealized loss	258,603	310,267
Securities in continuous loss position, less than 12 months, number of securities	4	7
Greater than 12 months:
Securities in continuous loss position, greater than 12 months, fair value	4,899,184	4,724,455
Securities in continuous loss position, greater than 12 months, gross unrealized loss	260,173	441,102
Securities in continuous loss position, greater than 12 months, number of securities	2	2
Residential Mortgage Backed Securities [Member]
Less than 12 months:
Securities in continuous loss position, less than 12 months, fair value		16,862
Securities in continuous loss position, less than 12 months, gross unrealized loss		6
Securities in continuous loss position, less than 12 months, number of securities		1
US Government Agencies Debt Securities [Member]
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
Debt Securities [Member]
Greater than 12 months:
Securities in continuous loss position, estimated fair value	24,674,904	39,154,219
Securities in continuous loss position, gross unrealized loss	1,124,457	1,698,171
Securities in continuous loss position, number of securities	16	21
Common Stock [Member]
Less than 12 months:
Securities in continuous loss position, less than 12 months, fair value	574,114	527,614
Securities in continuous loss position, less than 12 months, gross unrealized loss	97,184	103,438
Securities in continuous loss position, less than 12 months, number of securities	8	4
Greater than 12 months:
Securities in continuous loss position, greater than 12 months, fair value	165,471	525,865
Securities in continuous loss position, greater than 12 months, gross unrealized loss	60,826	19,935
Securities in continuous loss position, greater than 12 months, number of securities	4	4
Equity Securities [Member]
Greater than 12 months:
Securities in continuous loss position, estimated fair value	739,585	1,053,479
Securities in continuous loss position, gross unrealized loss	$158,010	$123,373
Securities in continuous loss position, number of securities	12	8

Note_4_Investments_Details_Net

Note 4 - Investments (Details) - Net Unrealized Gains for Investments Classified as Available-for-sale (USD $)	3 Months Ended	12 Months Ended
	Mar. 31, 2015	Dec. 31, 2014
Net Unrealized Gains for Investments Classified as Available-for-sale [Abstract]
Net unrealized appreciation on available-for sale securities	$32,436,324	$27,595,600
Adjustment to deferred acquisition costs	-830,703	-711,650
Deferred income taxes	-10,745,911	-9,140,543
Net unrealized appreciation on available-for sale securities	$20,859,710	$17,743,407

Note_4_Investments_Details_Fix

Note 4 - Investments (Details) - Fixed Maturity Securities by Contractual Maturity (USD $)	Mar. 31, 2015	Dec. 31, 2014
Note 4 - Investments (Details) - Fixed Maturity Securities by Contractual Maturity [Line Items]
Total	$399,540,804	$403,596,261
Total	430,771,661	430,117,478
All Except for State Guaranteed Receivables [Member]
Note 4 - Investments (Details) - Fixed Maturity Securities by Contractual Maturity [Line Items]
Due in one year or less	8,830,253
Due in one year or less	9,030,285
Due after one year through five years	84,073,704
Due after one year through five years	92,683,476
Due after five years through ten years	180,399,260
Due after five years through ten years	190,895,214
Due after ten years	52,812,115
Due after ten years	60,644,458
Due at multiple maturity dates	73,425,472
Due at multiple maturity dates	77,518,228
Total	399,540,804
Total	$430,771,661

Note_4_Investments_Details_Pro

Note 4 - Investments (Details) - Proceeds from Sales and Maturities of Investments in Available-for-sale (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Proceeds from Sales and Maturities of Investments in Available-for-sale [Abstract]
Proceeds from sales and maturities	$12,820,020	$7,150,048
Gross realized gains	160,792	21,672
Gross realized losses	($1,964)	($25,478)

Note_4_Investments_Details_Ava1

Note 4 - Investments (Details) - Available-for-sale Securities - Change in Unrealized Gains (Losses) and Realized Gains (Losses) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Debt Securities [Member]
Note 4 - Investments (Details) - Available-for-sale Securities - Change in Unrealized Gains (Losses) and Realized Gains (Losses) [Line Items]
Change in unrealized investment gains (losses)	$4,709,640	$6,860,197
Realized investment gains (losses)	90,859
Equity Securities [Member]
Note 4 - Investments (Details) - Available-for-sale Securities - Change in Unrealized Gains (Losses) and Realized Gains (Losses) [Line Items]
Change in unrealized investment gains (losses)	131,084	311,804
Realized investment gains (losses)	$67,969	($3,806)

Note_4_Investments_Details_Mor

Note 4 - Investments (Details) - Mortgage Loans by State (USD $)	Mar. 31, 2015	Dec. 31, 2014
Note 4 - Investments (Details) - Mortgage Loans by State [Line Items]
Mortgage Loans On Real Estate	$32,416,577	$29,459,436
FLORIDA
Note 4 - Investments (Details) - Mortgage Loans by State [Line Items]
Mortgage Loans On Real Estate	5,401,368	6,047,236
CALIFORNIA
Note 4 - Investments (Details) - Mortgage Loans by State [Line Items]
Mortgage Loans On Real Estate	5,078,618	4,806,451
ILLINOIS
Note 4 - Investments (Details) - Mortgage Loans by State [Line Items]
Mortgage Loans On Real Estate	4,631,248	3,392,446
TEXAS
Note 4 - Investments (Details) - Mortgage Loans by State [Line Items]
Mortgage Loans On Real Estate	3,485,045	2,290,700
KENTUCKY
Note 4 - Investments (Details) - Mortgage Loans by State [Line Items]
Mortgage Loans On Real Estate	3,440,569	3,492,854
GEORGIA
Note 4 - Investments (Details) - Mortgage Loans by State [Line Items]
Mortgage Loans On Real Estate	2,710,588	3,123,530
OHIO
Note 4 - Investments (Details) - Mortgage Loans by State [Line Items]
Mortgage Loans On Real Estate	1,777,594	1,805,093
ARIZONA
Note 4 - Investments (Details) - Mortgage Loans by State [Line Items]
Mortgage Loans On Real Estate	1,145,494	927,600
TENNESSEE
Note 4 - Investments (Details) - Mortgage Loans by State [Line Items]
Mortgage Loans On Real Estate	978,461	1,054,671
INDIANA
Note 4 - Investments (Details) - Mortgage Loans by State [Line Items]
Mortgage Loans On Real Estate	625,664	95,434
WEST VIRGINIA
Note 4 - Investments (Details) - Mortgage Loans by State [Line Items]
Mortgage Loans On Real Estate	433,772	440,725
PENNSYLVANIA
Note 4 - Investments (Details) - Mortgage Loans by State [Line Items]
Mortgage Loans On Real Estate	383,560
NEVADA
Note 4 - Investments (Details) - Mortgage Loans by State [Line Items]
Mortgage Loans On Real Estate	376,000
NORTH CAROLINA
Note 4 - Investments (Details) - Mortgage Loans by State [Line Items]
Mortgage Loans On Real Estate	358,466	359,308
MISSOURI
Note 4 - Investments (Details) - Mortgage Loans by State [Line Items]
Mortgage Loans On Real Estate	267,324	267,996
NEW JERSEY
Note 4 - Investments (Details) - Mortgage Loans by State [Line Items]
Mortgage Loans On Real Estate	251,423	252,612
SOUTH CAROLINA
Note 4 - Investments (Details) - Mortgage Loans by State [Line Items]
Mortgage Loans On Real Estate	242,707	248,815
COLORADO
Note 4 - Investments (Details) - Mortgage Loans by State [Line Items]
Mortgage Loans On Real Estate	224,666	225,772
MASSACHUSETTS
Note 4 - Investments (Details) - Mortgage Loans by State [Line Items]
Mortgage Loans On Real Estate	219,363	239,399
IDAHO
Note 4 - Investments (Details) - Mortgage Loans by State [Line Items]
Mortgage Loans On Real Estate	170,680	174,433
KANSAS
Note 4 - Investments (Details) - Mortgage Loans by State [Line Items]
Mortgage Loans On Real Estate	136,172	136,442
UTAH
Note 4 - Investments (Details) - Mortgage Loans by State [Line Items]
Mortgage Loans On Real Estate	$77,795	$77,919

Note_4_Investments_Details_Sta

Note 4 - Investments (Details) - State-Guaranteed Receivables by Contractual Maturity (USD $)	Mar. 31, 2015	Dec. 31, 2014
Note 4 - Investments (Details) - State-Guaranteed Receivables by Contractual Maturity [Line Items]
Total	$7,759,795	$7,917,379
Total	9,650,127	9,719,006
State-Guaranteed Receivables [Member]
Note 4 - Investments (Details) - State-Guaranteed Receivables by Contractual Maturity [Line Items]
Due in one year or less	739,517
Due in one year or less	755,505
Due after one year through five years	2,476,155
Due after one year through five years	2,750,467
Due after five years through ten years	3,011,141
Due after five years through ten years	3,859,923
Due after ten years	1,532,982
Due after ten years	2,284,232
Total	7,759,795
Total	$9,650,127

Note_4_Investments_Details_Amo

Note 4 - Investments (Details) - Amortized Cost of State-guaranteed Receivables, by State (USD $)	Mar. 31, 2015	Dec. 31, 2014
Note 4 - Investments (Details) - Amortized Cost of State-guaranteed Receivables, by State [Line Items]
Amortized cost of state-guaranteed receivables	$7,759,795	$7,917,379
NEW YORK
Note 4 - Investments (Details) - Amortized Cost of State-guaranteed Receivables, by State [Line Items]
Amortized cost of state-guaranteed receivables	3,579,778	3,694,805
MASSACHUSETTS
Note 4 - Investments (Details) - Amortized Cost of State-guaranteed Receivables, by State [Line Items]
Amortized cost of state-guaranteed receivables	1,953,718	1,969,570
GEORGIA
Note 4 - Investments (Details) - Amortized Cost of State-guaranteed Receivables, by State [Line Items]
Amortized cost of state-guaranteed receivables	1,447,195	1,467,774
PENNSYLVANIA
Note 4 - Investments (Details) - Amortized Cost of State-guaranteed Receivables, by State [Line Items]
Amortized cost of state-guaranteed receivables	305,144	299,851
TEXAS
Note 4 - Investments (Details) - Amortized Cost of State-guaranteed Receivables, by State [Line Items]
Amortized cost of state-guaranteed receivables	231,722	227,649
CALIFORNIA
Note 4 - Investments (Details) - Amortized Cost of State-guaranteed Receivables, by State [Line Items]
Amortized cost of state-guaranteed receivables	171,233	188,131
OHIO
Note 4 - Investments (Details) - Amortized Cost of State-guaranteed Receivables, by State [Line Items]
Amortized cost of state-guaranteed receivables	$71,005	$69,599

Note_4_Investments_Details_Net1

Note 4 - Investments (Details) - Net Investment Income (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Net Investment Income [Line Items]
Gross investment income	$5,579,562	$5,382,375
Investment expenses	355,750	303,393
Net investment income	5,223,812	5,078,982
Fixed Maturities [Member]
Net Investment Income [Line Items]
Gross investment income	4,637,808	4,709,081
Equity Securities [Member]
Net Investment Income [Line Items]
Gross investment income	63,291	51,637
Mortgage Loans on Real Estate [Member]
Net Investment Income [Line Items]
Gross investment income	558,396	303,876
Policy Loans [Member]
Net Investment Income [Line Items]
Gross investment income	118,740	116,929
State-Guaranteed Receivables [Member]
Net Investment Income [Line Items]
Gross investment income	140,675	143,795
Other Long-term Investments [Member]
Net Investment Income [Line Items]
Gross investment income	$60,652	$57,057

Note_5_Fair_Values_of_Financia2

Note 5 - Fair Values of Financial Instruments (Details) (Private Equity Investment [Member])	Mar. 31, 2015
Private Equity Investment [Member]
Note 5 - Fair Values of Financial Instruments (Details) [Line Items]
Number of Level 3 Investments Reported at Fair Value	1

Note_5_Fair_Values_of_Financia3

Note 5 - Fair Values of Financial Instruments (Details) - Financial Instruments Measured at Fair Value on a Recurring Basis (USD $)	Mar. 31, 2015	Dec. 31, 2014
Fixed maturities:
Securities available-for-sale	$438,453,955	$437,523,297
US Government Agencies Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member]
Fixed maturities:
Securities available-for-sale	28,195,770	28,868,011
US Government Agencies Debt Securities [Member]
Fixed maturities:
Securities available-for-sale	28,195,770	28,868,011
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member]
Fixed maturities:
Securities available-for-sale	43,337,181	44,007,246
US States and Political Subdivisions Debt Securities [Member]
Fixed maturities:
Securities available-for-sale	43,337,181	44,007,246
Corporate Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member]
Fixed maturities:
Securities available-for-sale	239,070,068	239,038,512
Corporate Debt Securities [Member]
Fixed maturities:
Securities available-for-sale	239,070,068	239,038,512
Foreign [Member] | Fair Value, Inputs, Level 2 [Member]
Fixed maturities:
Securities available-for-sale	66,908,261	65,975,213
Foreign [Member]
Fixed maturities:
Securities available-for-sale	66,908,261	65,975,213
Asset-backed Securities [Member] | Fair Value, Inputs, Level 2 [Member]
Fixed maturities:
Securities available-for-sale	1,453,265	1,466,497
Asset-backed Securities [Member]
Fixed maturities:
Securities available-for-sale	1,453,265	1,466,497
Commercial Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 2 [Member]
Fixed maturities:
Securities available-for-sale	8,119,655	8,136,186
Commercial Mortgage Backed Securities [Member]
Fixed maturities:
Securities available-for-sale	8,119,655	8,136,186
Residential Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 2 [Member]
Fixed maturities:
Securities available-for-sale	43,687,461	42,625,813
Residential Mortgage Backed Securities [Member]
Fixed maturities:
Securities available-for-sale	43,687,461	42,625,813
Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member]
Fixed maturities:
Securities available-for-sale	430,771,661	430,117,478
Debt Securities [Member]
Fixed maturities:
Securities available-for-sale	430,771,661	430,117,478
US Agencies [Member] | Fair Value, Inputs, Level 1 [Member]
Fixed maturities:
Securities available-for-sale	707,900	707,900
US Agencies [Member]
Fixed maturities:
Securities available-for-sale	707,900	707,900
Mutual Funds [Member] | Fair Value, Inputs, Level 1 [Member]
Fixed maturities:
Securities available-for-sale	356,286	358,322
Mutual Funds [Member]
Fixed maturities:
Securities available-for-sale	356,286	358,322
Common Stock [Member] | Fair Value, Inputs, Level 1 [Member]
Fixed maturities:
Securities available-for-sale	6,266,108	5,955,597
Common Stock [Member] | Fair Value, Inputs, Level 3 [Member]
Fixed maturities:
Securities available-for-sale	352,000	384,000
Common Stock [Member]
Fixed maturities:
Securities available-for-sale	6,618,108	6,339,597
Equity Securities [Member] | Fair Value, Inputs, Level 1 [Member]
Fixed maturities:
Securities available-for-sale	7,330,294	7,021,819
Equity Securities [Member] | Fair Value, Inputs, Level 3 [Member]
Fixed maturities:
Securities available-for-sale	352,000	384,000
Equity Securities [Member]
Fixed maturities:
Securities available-for-sale	$7,682,294	$7,405,819

Note_5_Fair_Values_of_Financia4

Note 5 - Fair Values of Financial Instruments (Details) - Changes in Fair Value of Level 3 Financial Instruments (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Corporate common stock:
Beginning balance	$384,000	$384,000
Total gains or losses:
Included in other comprehensive income	-32,000	0
Ending balance	$352,000	$384,000

Note_5_Fair_Values_of_Financia5

Note 5 - Fair Values of Financial Instruments (Details) - Estimated Fair Values of Financial Instruments (USD $)	Mar. 31, 2015	Dec. 31, 2014	Mar. 31, 2014	Dec. 31, 2013
Assets:
Mortgage loans on real estate	$32,416,577	$29,459,436
Policy loans	6,716,387	6,665,493
Policy loans, fair value	6,716,387	6,665,493
State-guaranteed receivables	7,759,795	7,917,379
State-guaranteed receivables, fair value	9,650,127	9,719,006
Other invested assets	3,396,033	3,270,848
Other invested assets, fair value	3,396,033	3,270,848
Cash and cash equivalents	5,675,143	1,870,867	6,064,838	4,143,291
Cash and cash equivalents, fair value	5,675,143	1,870,867
Accrued investment income	4,452,620	5,190,740
Accrued investment income, fair value	4,452,620	5,190,740
Cash value of company-owned life insurance	12,528,527	12,441,833
Cash value of company-owned life insurance, fair value	12,528,527	12,441,833
Liabilities:
Policyholder deposits (Investment-type contracts)	52,964,159	53,318,598
Policyholder deposits (Investment-type contracts), fair value	55,662,540	55,486,262
Policy claims	2,635,852	2,821,106
Policy claims, fair value	2,635,852	2,821,106
Obligations under capital leases	645,799	553,028
Obligations under capital leases, fair value	645,799	553,028
Notes payable	2,611,875	2,508,576
Notes payable, fair value	2,611,875	2,508,576
Commercial Mortgage [Member] | Fair Value, Inputs, Level 3 [Member]
Assets:
Mortgage loans on real estate, fair value	13,050,138	13,693,557
Commercial Mortgage [Member]
Assets:
Mortgage loans on real estate	12,390,295	12,961,492
Mortgage loans on real estate, fair value	13,050,138	13,693,557
Residential Mortgage [Member] | Fair Value, Inputs, Level 3 [Member]
Assets:
Mortgage loans on real estate, fair value	22,180,264	18,392,927
Residential Mortgage [Member]
Assets:
Mortgage loans on real estate	20,026,282	16,497,944
Mortgage loans on real estate, fair value	22,180,264	18,392,927
Fair Value, Inputs, Level 1 [Member]
Assets:
Cash and cash equivalents, fair value	5,675,143	1,870,867
Fair Value, Inputs, Level 2 [Member]
Assets:
State-guaranteed receivables, fair value	9,650,127	9,719,006
Fair Value, Inputs, Level 3 [Member]
Assets:
Policy loans	6,716,387	6,665,493
Policy loans, fair value	6,716,387	6,665,493
Other invested assets	3,396,033	3,270,848
Other invested assets, fair value	3,396,033	3,270,848
Accrued investment income	4,452,620	5,190,740
Accrued investment income, fair value	4,452,620	5,190,740
Cash value of company-owned life insurance	12,528,527	12,441,833
Cash value of company-owned life insurance, fair value	12,528,527	12,441,833
Liabilities:
Policyholder deposits (Investment-type contracts), fair value	55,662,540	55,486,262
Policy claims	2,635,852	2,821,106
Policy claims, fair value	2,635,852	2,821,106
Obligations under capital leases	645,799	553,028
Obligations under capital leases, fair value	645,799	553,028
Notes payable, fair value	$2,611,875	$2,508,576

Note_6_Earnings_Per_Share_Deta

Note 6 - Earnings Per Share (Details)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Earnings Per Share [Abstract]
Weighted Average Number of Shares Outstanding, Basic	1,123,980	1,128,583

Note_7_Segment_Data_Details

Note 7 - Segment Data (Details)	3 Months Ended
	Mar. 31, 2015
Segment Reporting [Abstract]
Number of Operating Segments	4

Note_7_Segment_Data_Details_Se

Note 7 - Segment Data (Details) - Segments by Operating Information (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Revenue:
Revenue	$17,095,762	$17,289,884
Pre-tax income (loss) from operations:
Pre-tax income (loss) from operations	-96,729	-67,705
Preneed and Burial Products [Member]
Revenue:
Revenue	12,131,407	11,212,714
Pre-tax income (loss) from operations:
Pre-tax income (loss) from operations	-246,848	-308,578
Traditional and Universal Life Products [Member]
Revenue:
Revenue	4,442,464	5,597,532
Pre-tax income (loss) from operations:
Pre-tax income (loss) from operations	71,578	192,491
Administrative and Financial Services [Member]
Revenue:
Revenue	302,094	277,436
Pre-tax income (loss) from operations:
Pre-tax income (loss) from operations	57,586	46,231
Corporate and Other [Member]
Revenue:
Revenue	219,797	202,202
Pre-tax income (loss) from operations:
Pre-tax income (loss) from operations	$20,955	$2,151

Note_9_Other_Comprehensive_Inc2

Note 9 - Other Comprehensive Income (Loss) (Details) - Other Comprehensive Income (USD $)	3 Months Ended
	Mar. 31, 2015		Mar. 31, 2014
Other comprehensive income:
Unrealized holding gains (losses) arising during period, pretax	$4,999,552		$7,168,195
Unrealized holding gains (losses) arising during period, tax	1,679,372		2,437,718
Unrealized holding gains (losses) arising during period, net of tax	3,320,180		4,730,477
Reclassification adjustment for losses (gains) included in income, pretax	-158,828	[1]	3,806	[1]
Reclassification adjustment for losses (gains) included in income, tax	-33,526	[2]	761	[2]
Reclassification adjustment for losses (gains) included in income, net of tax	-125,302		3,045
Adjustment for effect of deferred acquisition costs, pretax	-119,053		-191,144
Adjustment for effect of deferred acquisition costs, tax	-40,478		-64,988
Adjustment for effect of deferred acquisition costs, net of tax	-78,575		-126,156
Net unrealized gains (losses) on investments, pretax	4,721,671		6,980,857
Net unrealized gains (losses) on investments, tax	1,605,368		2,373,491
Net unrealized gains (losses) on investments, net of tax	3,116,303		4,607,366
Amortization of actuarial net loss in net periodic pension cost, pretax	190,558	[3]	97,603	[3]
Amortization of actuarial net loss in net periodic pension cost, tax	64,790	[2]	33,185	[2]
Amortization of actuarial net loss in net periodic pension cost, net of tax	125,768		64,418
Total other comprehensive income (loss), pretax	4,912,229		7,078,460
Total other comprehensive income (loss), tax	1,670,158		2,406,676
Total other comprehensive income (loss), net of tax	$3,242,071		$4,671,784
[1]	These items appear within net realized gains (losses) 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 pension cost (see Note 10).

Note_9_Other_Comprehensive_Inc3

Note 9 - Other Comprehensive Income (Loss) (Details) - Accumulated Other Comprehensive Income (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	$12,704,319	$6,751,991
Other comprehensive income before reclassifications	3,241,605	4,604,321
Amounts reclassified from accumulated other comprehensive income	466	67,463
Net current period other comprehensive income (loss)	3,242,071	4,671,784
Ending balance	15,946,390	11,423,775
Accumulated Net Unrealized Investment Gain (Loss) [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	17,743,407	9,916,148
Other comprehensive income before reclassifications	3,241,605	4,604,321
Amounts reclassified from accumulated other comprehensive income	-125,302	3,045
Net current period other comprehensive income (loss)	3,116,303	4,607,366
Ending balance	20,859,710	14,523,514
Accumulated Defined Benefit Plans Adjustment [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	-5,039,088	-3,164,157
Amounts reclassified from accumulated other comprehensive income	125,768	64,418
Net current period other comprehensive income (loss)	125,768	64,418
Ending balance	($4,913,320)	($3,099,739)

Note_9_Other_Comprehensive_Inc4

Note 9 - Other Comprehensive Income (Loss) (Details) - Amounts Reclassified from AOCI to Income (USD $)	3 Months Ended
	Mar. 31, 2015		Mar. 31, 2014
Amounts Reclassified from AOCI to Income [Abstract]
Realized gains (losses) on sale of securities (a)	$158,828	[1]	($3,806)	[1]
Income tax benefit (expense) (c)	-33,526	[2]	761	[2]
Net of tax	125,302		-3,045
Amortization of actuarial net loss (b)	-190,558	[3]	-97,603	[3]
Income tax benefit (c)	64,790	[2]	33,185	[2]
Net of tax	-125,768		-64,418
Total reclassifications for the period	($466)		($67,463)
[1]	These items appear within net realized gains (losses) 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 pension cost (see Note 10).

Note_10_Employee_Benefit_Plans2

Note 10 - Employee Benefit Plans (Details) (USD $)	3 Months Ended
	Mar. 31, 2015
Compensation and Retirement Disclosure [Abstract]
Defined Benefit Plans, Estimated Future Employer Contributions in Next Fiscal Year	$300,000
Defined Benefit Plan, Contributions by Employer	$75,000

Note_10_Employee_Benefit_Plans3

Note 10 - Employee Benefit Plans (Details) - Net Periodic Benefit Cost (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Net Periodic Benefit Cost [Abstract]
Interest cost	$222,566	$261,264
Expected return on plan assets	-293,069	-299,418
Recognized actuarial net loss	190,558	97,603
Net periodic pension cost	$120,055	$59,449

Note_11_Notes_Payable_Details

Note 11 - Notes Payable (Details) (USD $)	3 Months Ended
	Mar. 31, 2015
Operating Line of Credit [Member]
Note 11 - 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%
At Need Funding, LLC [Member]
Note 11 - Notes Payable (Details) [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	$1,500,000
Debt Instrument, Interest Rate, Stated Percentage Rate Range, Minimum	3.25%