UTG (UTGN) 10-Q 8 Nov 13 2013 Q3 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information (USD $)	9 Months Ended
	Sep. 30, 2013	Oct. 24, 2013	Mar. 31, 2013
Document and Entity Information [Abstract]	'	'	'
Entity Registrant Name	'UTG Inc	'	'
Entity Central Index Key	'0000832480	'	'
Current Fiscal Year End Date	'--12-31	'	'
Entity Well-known Seasoned Issuer	'No	'	'
Entity Voluntary Filers	'No	'	'
Entity Current Reporting Status	'No	'	'
Entity Filer Category	'Smaller Reporting Company	'	'
Entity Public Float	'	'	$0
Entity Common Stock, Shares Outstanding	'	3,777,840	'
Document Fiscal Year Focus	'2013	'	'
Document Fiscal Period Focus	'Q3	'	'
Document Type	'10-Q	'	'
Amendment Flag	'false	'	'
Document Period End Date	30-Sep-13	'	'

Balance_Sheet

Balance Sheet (USD $)	Sep. 30, 2013	Dec. 31, 2012
Investments available for sale:	'	'
Fixed maturities, at fair value (amortized cost $168,770,852 and $173,526,717)	$173,069,382	$187,327,285
Equity securities, at fair value (cost $38,010,235 and $29,497,001)	38,368,894	30,504,914
Trading securities, at fair value (cost $5,962,028 and $14,714,333)	6,171,863	14,018,460
Mortgage loans on real estate at amortized cost	12,553,581	17,671,554
Discounted mortgage loans on real estate at cost	19,176,036	26,336,953
Investment real estate	82,195,332	68,165,013
Policy loans	12,037,472	12,591,572
Short-term investments	0	6,268,320
Total investments	343,572,560	362,884,071
Cash and cash equivalents	22,252,917	23,321,246
Accrued investment income	2,155,936	2,444,790
Future policy benefits	28,773,437	29,318,018
Policy claims and other benefits	4,531,243	4,492,430
Cost of insurance acquired	10,902,501	11,700,765
Deferred policy acquisition costs	383,894	426,218
Property and equipment, net of accumulated depreciation	1,223,076	1,344,851
Income tax receivable	1,843,610	20,035
Other assets	3,535,800	5,381,969
Total assets	419,174,974	441,334,393
Liabilities:	'	'
Future policyholder benefits	288,067,396	293,800,162
Policy claims and benefits payable	3,597,687	3,371,767
Other policyholder funds	398,715	477,948
Dividend and endowment accumulations	14,104,163	14,072,513
Income tax payable	0	2,042,786
Deferred income taxes	10,382,256	12,301,577
Notes payable	17,000,000	18,857,954
Trading securities, at fair value (proceeds $940,602 and $8,094,787)	628,162	7,552,704
Other liabilities	9,140,488	9,202,354
Total liabilities	343,318,867	361,679,765
Common stock - no par value, stated value $.001 per share. Authorized 7,000,000 shares - 3,791,262 and 3,798,871 shares outstanding	3,780	3,799
Additional paid-in capital	44,099,457	44,337,743
Retained earnings	23,448,264	21,917,318
Accumulated other comprehensive income	4,092,962	9,664,466
Total UTG shareholders' equity	71,644,463	75,923,326
Noncontrolling interests	4,211,644	3,731,302
Total shareholders' equity	75,856,107	79,654,628
Total liabilities and shareholders' equity	$419,174,974	$441,334,393

Balance_Sheet_Parenthetical

Balance Sheet Parenthetical (USD $)	Sep. 30, 2013	Dec. 31, 2012
Investments available for sale:	'	'
Fixed maturities, amortized cost	$168,031,070	$173,526,717
Equity securities, cost	37,064,005	29,497,001
Trading securities, cost	5,924,422	14,714,333
Liabilities:	'	'
Trading Securities, Proceeds	$505,272	$8,094,787
Shareholders' equity:	'	'
Common stock, stated value (in dollars per share)	$0.00	$0.00
Common stock, authorized (in shares)	7,000,000	7,000,000
Common stock, outstanding (in shares)	3,780,373	3,798,871

Income_Statement

Income Statement (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Revenues:	'	'	'	'
Premiums and policy fees	$3,129,418	$3,158,614	$9,561,435	$10,155,175
Ceded reinsurance premiums and policy fees	-882,710	-830,087	-2,427,747	-2,602,152
Net investment income	6,914,455	4,611,440	16,057,973	13,990,695
Other income	507,571	514,850	1,539,590	1,594,029
Revenues before realized gains	9,668,734	7,454,817	24,731,251	23,137,747
Realized investment gains (losses), net:	'	'	'	'
Other-than-temporary impairments	-1,010,001	0	-1,036,927	0
Other realized investment gains, net	677,248	255,555	1,325,738	11,238,250
Total realized investment gains, net	-332,753	255,555	288,811	11,238,250
Total revenue	9,335,981	7,710,372	25,020,062	34,375,997
Benefits, claims and settlement expenses:	'	'	'	'
Life	5,091,459	6,570,185	16,056,237	17,967,145
Ceded Reinsurance benefits and claims	-1,251,518	-1,864,743	-2,448,871	-3,893,151
Annuity	413,332	298,940	971,763	777,859
Dividends to policyholders	109,547	107,293	405,846	373,563
Commissions and amortization of deferred policy acquisition costs	716	-140,218	-49,742	-424,702
Amortization of cost of insurance acquired	266,088	286,376	798,264	859,126
Operating expenses	2,330,328	1,767,229	6,360,454	7,053,358
Interest expense	173,928	67,568	428,466	222,266
Total benefits and other expenses	7,133,880	7,092,630	22,522,417	22,935,464
Income before income taxes	2,202,101	617,742	2,497,645	11,440,533
Income tax expense	-498,392	-288,007	-486,357	-4,017,248
Net income	1,703,709	329,735	2,011,288	7,423,285
Net income attributable to noncontrolling interests	-137,559	-200,212	-480,342	-626,590
Net income attributable to common shareholders'	$1,566,150	$129,523	$1,530,946	$6,796,695
Amounts attributable to common shareholders':	'	'	'	'
Basic income per share (in dollars per share)	$0.41	$0.03	$0.40	$1.78
Diluted income per share (in dollars per share)	$0.41	$0.03	$0.40	$1.78
Basic weighted average shares outstanding (in shares)	3,786,692	3,797,779	3,791,732	3,816,354
Diluted weighted average shares outstanding (in shares)	3,786,692	3,797,779	3,791,732	3,816,354

Condensed_Consolidated_Stateme

Condensed Consolidated Statement of Comprehensive Income (Unaudited) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Condensed Consolidated Statement of Comprehensive Income (Unaudited) [Abstract]	'	'	'	'
Net Income	$1,703,709	$329,735	$2,011,288	$7,423,285
Other comprehensive income, net of tax:	'	'	'	'
Unrealized holding gains/(losses) arising during period	98,171	4,740,177	-4,979,756	4,091,719
Less reclassification adjustment for (gains)/losses included in net income	-117,873	-121,191	-591,748	-5,931,611
Subtotal: Other comprehensive income/(loss), net of tax	-19,702	4,618,986	-5,571,504	-1,839,892
Comprehensive income	1,684,007	4,948,721	-3,560,216	5,583,393
Less comprehensive income attributable to noncontrolling interests	-137,559	-200,212	-480,342	-626,590
Comprehensive income attributable to UTG, Inc.	$1,546,448	$4,748,509	($4,040,558)	$4,956,803

Statement_of_Cash_Flows

Statement of Cash Flows (USD $)	9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012
Cash flows from operating activities:	'	'
Net income attributable to common shareholders	$1,530,946	$6,796,695
Adjustments to reconcile net income to net cash used in operating activities net of changes in assets and liabilities resulting from the sales and purchases of subsidiaries:	'	'
Amortization (accretion) of investments	-3,197,526	2,218,898
Realized investment gains, net	-288,811	-11,238,250
Unrealized trading gains included in income	-249,992	281,685
Amortization of deferred policy acquisition costs	42,324	46,536
Amortization of cost of insurance acquired	798,264	859,126
Depreciation	954,827	959,836
Net income attributable to noncontrolling interest	480,342	626,590
Charges for mortality and administration of universal life and annuity products	-5,171,353	-5,281,297
Interest credited to account balances	3,893,025	3,725,149
Change in accrued investment income (loss)	288,854	-974,807
Change in reinsurance receivables	505,768	1,507,932
Change in policy liabilities and accruals	-4,680,614	-2,422,859
Change in income taxes receivable (payable)	-3,866,361	2,259,832
Change in other assets and liabilities, net	3,005,247	-935,954
Net cash provided by (used in) operating activities	-5,955,060	-1,570,888
Proceeds from investments sold and matured:	'	'
Fixed maturities available for sale	27,476,702	84,519,249
Equity securities available for sale	528,114	1,287,475
Trading securities	24,017,415	15,344,038
Mortgage loans	15,094,812	4,134,379
Discounted mortgage loans	6,182,319	7,195,550
Real estate	7,301,330	9,499,500
Policy loans	2,758,116	2,782,021
Total proceeds from investments sold and matured	83,358,808	124,762,212
Cost of investments acquired:	'	'
Fixed maturities available for sale	-21,602,005	-122,811,049
Equity securities available for sale	-8,996,880	-11,938,273
Trading securities	-23,105,651	-12,876,567
Mortgage loans	-9,986,840	-17,513,757
Discounted mortgage loans	-1,455,670	-6,146,295
Real estate	-9,404,269	-9,299,718
Policy loans	-2,204,016	-4,194,686
Payments for (Proceeds from) Other Investing Activities	-25,000	0
Total cost of investments acquired	-76,780,331	-184,780,345
Sale of property and equipment	0	17,440
Net cash used in investing activities	6,578,477	-60,000,693
Cash flows from financing activities:	'	'
Cash received in reinsurance recapture	0	2,480,706
Policyholder contract deposits	4,461,097	4,382,637
Policyholder contract withdrawals	-4,056,584	-4,664,817
Proceeds from notes payable/line of credit	0	1,411,000
Payments of principal on notes payable/line of credit	-1,857,954	-2,827,206
Purchase of treasury stock	-238,305	-781,124
Distributions to minority interests of consolidated subsidiaries	0	-160,000
Net cash provided by (used in) financing activities	-1,691,746	-158,804
Net increase (decrease) in cash and cash equivalents	-1,068,329	-61,730,385
Cash and cash equivalents at beginning of period	23,321,246	82,925,675
Cash and cash equivalents at end of period	$22,252,917	$21,195,290

BASIS_OF_PRESENTATION

BASIS OF PRESENTATION	9 Months Ended
	Sep. 30, 2013
BASIS OF PRESENTATION [Abstract]	'
BASIS OF PRESENTATION	'
	Note 1 – Basis of Presentation
	The accompanying condensed consolidated balance sheet as of December 31, 2012, which has been derived from audited financial statements, and the unaudited interim condensed consolidated financial statements include the accounts of UTG, Inc. (the "Parent") and its subsidiaries (collectively with the Parent, the "Company").  All significant intercompany accounts and transactions have been eliminated in consolidation.  The accompanying condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP") for interim financial information and with the instructions to Form 10-Q and Article 8 of regulation S-X.  Accordingly, they do not include all of the information and notes required by GAAP for audited annual financial statements.  The information furnished includes all adjustments and accruals of a normal recurring nature, which in the opinion of management, are necessary for a fair presentation of the results for the interim periods.  The unaudited condensed consolidated financial statements included herein and these related notes should be read in conjunction with the Company's consolidated financial statements, and the notes thereto, included in the Company's Annual Report on Form 10-K for the year ended December 31, 2012.  The Company's results of operations for the nine month period ended September 30, 2013 are not necessarily indicative of the results that may be expected for the year ending December 31, 2013 or for any other future period.
	This document at times will refer to the Registrant's largest shareholder, Mr. Jesse T. Correll and certain companies controlled by Mr. Correll.  Mr. Correll holds a majority ownership of First Southern Funding LLC ("FSF"), a Kentucky corporation, and First Southern Bancorp, Inc. ("FSBI"), a financial services holding company.  FSBI operates through its 100 % owned subsidiary bank, First Southern National Bank ("FSNB").  Banking activities are conducted through multiple locations within south-central and western Kentucky.  Mr. Correll is Chief Executive Officer and Chairman of the Board of Directors of UTG and is currently UTG's largest shareholder through his ownership control of FSF, FSBI and affiliates.  At September 30, 2013, Mr. Correll owns or controls directly and indirectly approximately 56 % of UTG's outstanding stock.
	UTG's life insurance subsidiary, Universal Guaranty Life Insurance Company ("UG"), has several wholly-owned and majority-owned subsidiaries.  The subsidiaries were formed to hold certain real estate investments.  The real estate investments were placed into the limited liability companies and partnerships to provide additional protection to the policyholders and to UG.

NEW_ACCOUNTING_STANDARDS

NEW ACCOUNTING STANDARDS	9 Months Ended
	Sep. 30, 2013
NEW ACCOUNTING STANDARDS [Abstract]	'
NEW ACCOUNTING STANDARDS	'
	Note 2 – New Accounting Standards
	Comprehensive Income - In February 2013, the Financial Accounting Standards Board ("FASB") issued an accounting standard which requires an entity to provide information about the amounts reclassified out of accumulated other comprehensive income by component. In addition, an entity is required to present, either on the face of the statement where net income is presented or in the notes, significant amounts reclassified out of accumulated other comprehensive income by the respective line items of net income but only if the amount reclassified is required under U.S. GAAP to be reclassified to net income in its entirety in the same reporting period. For other amounts that are not required under U.S. GAAP to be reclassified in their entirety to net income, an entity is required to cross-reference to other disclosures required under U.S. GAAP that provide additional detail about those amounts. This guidance is effective for periods beginning after December 15, 2012. The adoption of this new guidance did not have a material impact on the Company's consolidated financial statements.
	Intangibles-Goodwill and Other – In July 2012, FASB issued guidance on the testing of indefinite-lived intangible assets for impairment, which is intended to reduce the cost and complexity of the impairment test for indefinite-lived intangible assets by providing an entity with the option to first assess qualitatively whether it is necessary to perform the impairment test that is currently in place. An entity would not be required to quantitatively calculate the fair value of an indefinite-lived intangible asset unless the entity determines that it is more likely than not that its fair value is less than its carrying value. This guidance is effective for interim and annual impairment tests beginning after September 15, 2012, with early adoption permitted. The adoption of this new guidance did not have a material impact on the Company's consolidated financial statements.

INVESTMENTS

INVESTMENTS	9 Months Ended
	Sep. 30, 2013
INVESTMENTS [Abstract]	'
INVESTMENTS	'
	Note 3 – Investments
	Available for Sale Securities – Fixed Maturity and Equity Securities
	The Company's insurance subsidiary is regulated by insurance statutes and regulations as to the type of investments they are permitted to make, and the amount of funds that may be used for any one type of investment.
	Investments in available for sale securities are summarized as follows:
	30-Sep-13		Original or Amortized				Gross Unrealized Gains			Gross Unrealized Losses			Estimated
			Cost										Fair
													Value
	Investments available for sale:
	Fixed maturities
	U.S. Government and govt. agencies and authorities		$	32,960,101			$	3,608,781		$	(81,167	)	$	36,487,715
	States, municipalities and political subdivisions			120,000				224			0			120,224
	U.S. special revenue and assessments			2,152,177				107,269			(117,890	)		2,141,556
	Collateralized mortgage obligations			1,407,647				115,187			(1	)		1,522,833
	Public utilities			399,909				48,501			0			448,410
	All other corporate bonds			130,991,236				4,430,376			(3,072,968	)		132,348,644
				168,031,070				8,310,338			(3,272,026	)		173,069,382
	Equity securities			37,064,005				1,419,938			(115,049	)		38,368,894
	Total		$	205,095,075			$	9,730,276		$	(3,387,075	)	$	211,438,276
	31-Dec-12		Original or Amortized				Gross Unrealized Gains			Gross Unrealized Losses			Estimated
			Cost										Fair
													Value
	Investments available for sale:
	Fixed maturities
	U.S. Government and govt. agencies and authorities		$	33,430,165			$	5,457,009		$	0		$	38,887,174
	States, municipalities and political subdivisions			160,000				6,637			0			166,637
	U.S. special revenue and assessments			2,150,070				153,545			0			2,303,615
	Collateralized mortgage obligations			2,241,384				183,409			(8	)		2,424,785
	Public utilities			399,900				63,662			0			463,562
	All other corporate bonds			135,145,198				9,747,565			(1,811,251	)		143,081,512
				173,526,717				15,611,827			(1,811,259	)		187,327,285
	Equity securities			29,497,001				1,303,328			(295,415	)		30,504,914
	Total		$	203,023,718			$	16,915,155		$	(2,106,674	)	$	217,832,199
	The amortized cost and estimated market value of debt securities at September 30, 2013, by contractual maturity, is shown 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.
	Fixed Maturities Available for Sale		Amortized				Estimated
	30-Sep-13		Cost				Fair Value
	Due in one year or less		$	448,205			$	459,757
	Due after one year through five years			22,357,791				24,087,416
	Due after five years through ten years			107,871,345				111,304,056
	Due after ten years			35,780,266				35,526,776
	Collateralized mortgage obligations			1,573,463				1,691,377
	Total		$	168,031,070			$	173,069,382
	The fair value of investments with sustained gross unrealized losses at September 30, 2013 and December 31, 2012 are as follows:
	30-Sep-13		Less than 12 months							12 months or longer						Total
			Fair value				Unrealized losses			Fair value			Unrealized losses			Fair value		Unrealized losses
	U.S. Government and govt. agencies and authorities		$	4,915,234				(81,167	)	$	0			0		$	4,915,234		(81,167	)
	U.S. Special Revenue and Assessments			869,430				(117,890	)		0			0			869,430		(117,890	)
	MBS/Collateralized mortgage obligations			1,998				(1	)		0			0			1,998		(1	)
	All other corporate bonds			41,465,134				(1,174,253	)		7,186,013			(1,898,715	)		48,651,147		(3,072,968	)
	Total fixed maturities		$	47,251,796				(1,373,311	)	$	7,186,013			(1,898,715	)	$	54,437,809		(3,272,026	)
	Equity securities		$	1,193,226				(115,049	)	$	0			0		$	1,193,226		(115,049	)
	31-Dec-12		Less than 12 months							12 months or longer						Total
			Fair value				Unrealized losses			Fair value			Unrealized losses			Fair value		Unrealized losses
	Collateralized mortgage obligations		$	4,513				(8	)	$	0			0		$	4,513		(8	)
	All other corporate bonds			13,776,705				(245,846	)		385,823			(1,565,405	)		14,162,528		(1,811,251	)
	Total fixed maturities		$	13,781,218				(245,854	)	$	385,823			(1,565,405	)	$	14,167,041		(1,811,259	)
	Equity securities		$	594,081				(295,415	)	$	0			0		$	594,081		(295,415	)
	Additional information regarding investments in an unrealized loss position is as follows:
		Less than 12 months		12 months or longer		Total
	As of September 30, 2013
	Fixed maturities	29		5		34
	Equity securities	1		0		1
	As of December 31, 2012
	Fixed maturities	8		3		11
Equity securities	9		0		9
Substantially all of the unrealized losses on fixed maturities available for sale at September 30, 2013 and December 31, 2012 are attributable to changes in market interest rates and general disruptions in the credit market subsequent to purchase.  The unrealized losses on equity investments were primarily attributable to normal market fluctuations.  The Company does not currently intend to sell nor does it expect to be required to sell any of the securities in an unrealized loss position.  Based upon the Company's expected continuation of receipt of contractually required principal and interest payments and its intent and ability to retain the securities until price recovery, as well as the Company's evaluation of other relevant factors, the Company deems these securities to be temporarily impaired as of September 30, 2013 and December 31, 2012.
The Company regularly reviews its investment securities for factors that may indicate that a decline in fair value of an investment is other than temporary.  The factors considered by management in its regular review to identify and recognize other-than-temporary impairment losses on fixed maturities include, but are not limited to: the length of time and extent to which the fair value has been less than cost; the Company's intent to sell, or be required to sell, the debt security before the anticipated recovery of its remaining amortized cost basis; the financial condition and near-term prospects of the issuer; adverse changes in ratings announced by one or more rating agencies; subordinated credit support, whether the issuer of a debt security has remained current on principal and interest payments; current expected cash flows; whether the decline in fair value appears to be issuer specific or, alternatively, a reflection of general market or industry conditions, including the effect of changes in market interest rates.  If the Company intends to sell a debt security, or it is more likely than not that it would be required to sell a debt security before the recovery of its amortized cost basis, the entire difference between the security's amortized cost basis and its fair value at the balance sheet date would be recognized by a charge to other-than-temporary losses in the Condensed Consolidated Statements of Operations.
Equity securities may experience other-than-temporary impairments in the future based on the prospects for full recovery in value in a reasonable period of time and the Company's ability and intent to hold the security to recovery.  If a decline in fair value is judged by management to be other-than-temporary or management does not have the intent or ability to hold a security, a loss is recognized by a charge to other-than-temporary impairment losses in the Condensed Consolidated Statements of Operations.
Based on management's review of the investment portfolio, the Company recorded the following losses for other-than-temporary impairments in the Condensed Consolidated Statements of Operations:
		Three Months Ended
		September 30,
		2013				2012
Other than temporary impairments:
Common stock		$	1,000,000			$	0
Mortgage loan			10,001				0
Total		$	1,010,001			$	0
		Nine Months Ended
		September 30,
		2013				2012
Other than temporary impairments:
Common stock		$	1,000,000			$	0
Mortgage loan			10,001				0
Real estate			26,926				0
Total		$	1,036,927			$	0
The other-than-temporary impairments recognized during 2013 were due to Management's assessment of the value of the investments. The investments were written down to better reflect their current expected market value.
Trading Securities
Securities designated as trading securities are reported at fair value, with gains or losses resulting from changes in fair value recognized in net investment income on the Condensed Consolidated Statements of Operations.  Trading securities include exchange-traded equities and exchange-traded options.  Trading securities carried as liabilities are securities sold short. A gain, limited to the price at which the security was sold short, or a loss, potentially unlimited in size, will be recognized upon the termination of the short sale.  The fair value of derivatives included in trading security assets and trading security liabilities as of September 30, 2013 was $353,750 and $(624,477), respectively. The fair value of derivatives included in trading security assets and trading security liabilities as of December 31, 2012 was $6,745,528 and $(6,050,344), respectively.  Earnings from trading securities are classified in cash flows from operating activities. The derivatives held by the Company are for income generation purposes only.
Trading revenue charged to net investment income from trading securities was:
		Three Months Ended
		September 30,
		2013				2012
Net unrealized gains (losses)		$	200,447			$	(361,447	)
Net realized gains (losses)			(258,099	)			(611,749	)
Net unrealized and realized gains (losses)		$	(57,652	)		$	(973,196	)
		Nine Months Ended
		September 30,
		2013				2012
Net unrealized gains		$	249,992			$	167,251
Net realized gains (losses)			(42,237	)			1,698,758
Net unrealized and realized gains		$	207,755			$	1,866,009
Mortgage Loans
As of September 30, 2013 and December 31, 2012, the Company's mortgage loan portfolio contained 44 and 71 mortgage loans, including discounted mortgage loans, with a carrying value of $31,729,617 and $44,008,507, respectively.
Changes in the current economy could have a negative impact on the loans, including the financial stability of the borrowers, the borrowers' ability to pay or to refinance, the value of the property held as collateral and the ability to find purchasers at favorable prices.  Given the uncertainty of the current market, management has taken a conservative approach with the discounted mortgage loans and has classified all discounted mortgage loans held as non-accrual.  In such status, the Company is not recording any accrued interest income nor is it recording any accrual of discount on the loans held.  Discount accruals reported during 2012 and 2013 were the result of the loan basis already being fully paid.
On the remainder of the mortgage loan portfolio, interest accruals are analyzed based on the likelihood of repayment.  In no event will interest continue to accrue when accrued interest along with the outstanding principal exceeds the net realizable value of the property.  The Company does not utilize a specified number of days delinquent to cause an automatic non-accrual status.
A mortgage loan reserve is established and adjusted based on management's quarterly analysis of the portfolio and any deterioration in value of the underlying property which would reduce the net realizable value of the property below its current carrying value.  The Company acquires the discounted mortgage loans at below contract value, and believes that it will fully recover its carrying value upon disposal, therefore no reserve for delinquent loans is deemed necessary.  Those loans not currently paying are being vigorously worked by management.  The current discounted commercial mortgage loan portfolio has an average price of 40.8 % of face value and management has determined that this deep discount provides a financial cushion or built in allowance for any of the loans that are not currently performing within the portfolio of loans purchased.

FAIR_VALUE_MEASUREMENTS

FAIR VALUE MEASUREMENTS	9 Months Ended
	Sep. 30, 2013
FAIR VALUE MEASUREMENTS [Abstract]	'
FAIR VALUE MEASUREMENTS	'
	Note 4 – Fair Value Measurements
	The Company measures its assets and liabilities recorded at fair value in the Condensed Consolidated Balance Sheets based on the framework set forth in the GAAP fair value accounting guidance.  The framework establishes a fair value hierarchy of three levels based upon the transparency of information used in measuring the fair value of assets or liabilities as of the measurement date.  The fair value hierarchy prioritizes the inputs in the valuation techniques used to measure fair value into three categories.
	Level 1 – Valuation is based upon quoted prices for identical assets or liabilities in active markets that the Company is able to access.  Level 1 fair value is not subject to valuation adjustments.
	Level 2 – Valuation is based upon quoted prices for similar assets and liabilities in active markets or quoted prices for identical or similar instruments in markets that are not active. In addition, the Company may use various valuation techniques or pricing models that use observable inputs to measure fair value.
	Level 3 – Valuation is based upon unobservable inputs that are supported by little or no market activity and are significant to the fair value of the assets or liabilities. Unobservable inputs reflect the Company's own assumptions about the inputs that market participants would use in pricing the asset or liability.
	The Company determines the existence of an active market for an asset or liability based on its judgment as to whether transactions for the asset or liability occur in such market with sufficient frequency and volume to provide reliable pricing information.  If the Company concludes that there has been a significant decrease in the volume and level of activity for an investment in relation to normal market activity for such investment, adjustments to transactions and quoted prices are made to estimate fair value.
	The inputs used in the valuation techniques employed by the Company are provided by nationally recognized pricing services, external investment managers and internal resources.  To assess these inputs, the Company's review process includes, but is not limited to, quantitative analysis including benchmarking, initial and ongoing evaluations of methodologies used by external parties to calculate fair value, and ongoing evaluations of fair value estimates based on the Company's knowledge and monitoring of market conditions.
	The Company periodically reviews the pricing service provider's policies and procedures for valuing securities.  The assumptions underlying the valuations from external service providers, including unobservable inputs, are generally not readily available as this information is often deemed proprietary.  Accordingly, the Company is unable to obtain comprehensive information regarding these assumptions and methodologies.
	The Company's investments in fixed maturity securities available for sale, equity securities available for sale and trading securities assets and liabilities are carried at fair value.  The following are the Company's methodologies and valuation techniques for assets and liabilities measured at fair value.
	Fixed maturities available for sale mainly consist of U.S. treasury securities and corporate debt securities. The Company employs a market approach to the valuation of securities where there are sufficient market transactions involving identical or comparable assets. If sufficient market data is not available for identical or comparable assets, the Company uses an income approach to valuation. The majority of the financial instruments included in fixed maturity securities available for sale are evaluated utilizing observable inputs; accordingly, they are categorized in either Level 1 or Level 2 of the fair value hierarchy. However, in instances where significant inputs utilized in valuation of the securities are unobservable, the securities are categorized in Level 3 of the fair value hierarchy.
	Corporate securities primarily include fixed rate corporate bonds. Inputs utilized in connection with the Company's valuation techniques relating to this class of securities include recently executed transactions, market price quotations, benchmark yields and issuer spreads. Corporate securities are categorized in Level 2 of the fair value hierarchy.
	U.S. treasury securities are based on quoted prices in active markets and are generally categorized in Level 1 of the fair value hierarchy.
	Equity securities available for sale consist of common and preferred stocks mainly in private equity investments, financial institutions and insurance companies. Equity securities for which there is sufficient market data are categorized as Level 1 or 2 in the fair value hierarchy.  For the equity securities in which quoted market prices are not available, the transaction price is used as the best estimate of fair value at inception.  When evidence is believed to support a change to the carrying value from the transaction price, adjustments are made to reflect the expected exit values. The Company performs ongoing reviews of the underlying investments. The reviews consist of the evaluations of expected cash flows, material events and market data. These investments are included in Level 3 of the fair value hierarchy.
	Securities designated as trading securities consist of bonds, exchange traded equities and exchange traded options.  These securities are primarily valued at quoted active market prices, and are therefore categorized as Level 1 in the fair value hierarchy.  The exchange traded bonds consist of corporate bonds and are classified as Level 2, consistent with the classification of the fixed maturity corporate bonds.
	The following table presents the Company's assets and liabilities measured at fair value in the condensed consolidated balance sheet on a recurring basis as of September 30, 2013.
		Level 1		Level 2		Level 3		Total
	Assets
	Fixed Maturities, available for sale	$	19,623,494	$	153,113,751	$	332,137	$	173,069,382
	Equity Securities, available for sale		1,552,773		6,812,933		30,003,188		38,368,894
	Trading Securities		6,171,863		0		0		6,171,863
	Total	$	27,348,130	$	159,926,684	$	30,335,325	$	217,610,139
	Liabilities
	Trading Securities	$	628,162	$	0	$	0	$	628,162
	The following table presents the Company's assets and liabilities measured at fair value in the Condensed Consolidated Balance Sheet on a recurring basis as of December 31, 2012.
		Level 1		Level 2		Level 3		Total
	Assets
	Fixed Maturities, available for sale	$	20,993,398	$	166,060,160	$	273,727	$	187,327,285
	Equity Securities, available for sale		1,448,585		6,092,614		22,963,715		30,504,914
	Trading Securities		13,903,148		115,312		0		14,018,460
	Total	$	36,345,131	$	172,268,086	$	23,237,442	$	231,850,659
	Liabilities
	Trading Securities	$	7,552,704	$	0	$	0	$	7,552,704
	The following table provides reconciliations for Level 3 assets measured at fair value on a recurring basis. Transfers into and out of Level 3 are recognized as of the end of the quarter in which they occur.
		Fixed Maturities,		Equity Securities,		Total
		Available for Sale		Available for Sale
	Balance at December 31, 2012	$	273,727	$	22,963,715	$	23,237,442
	Total unrealized gains or (losses):
	Included in other comprehensive income		58,410		19,953		78,363
	Purchases		0		7,019,520		7,019,520
	Balance at September 30, 2013	$	332,137	$	30,003,188	$	30,335,325
	The Level 3 securities include collateralized debt obligations of trust preferred securities issued by banks and insurance companies and certain equity securities with unobservable inputs.  None of the collateral is subprime or Alt-A mortgages (loans for which the typical documentation was not provided by the borrower).
	Certain assets are not carried at fair value on a recurring basis, including investments such as mortgage loans and policy loans. Accordingly such investments are only included in the fair value hierarchy disclosure when the investment is subject to re-measurement at fair value after initial recognition and the resulting re-measurement is reflected in the condensed consolidated financial statements.
	The carrying values and estimated fair values of certain of the Company's financial instruments not recorded at fair value in the condensed consolidated balance sheets are shown below. Because the fair value for all condensed consolidated balance sheet items are not required to be disclosed, the aggregate fair value amounts presented below are not reflective of the underlying value of the Company.
		30-Sep-13				31-Dec-12
		Carrying		Estimated		Carrying		Estimated
		Amount		Fair		Amount		Fair
	Assets			Value				Value
	Mortgage loans on real estate	$	12,553,581	$	12,818,672	$	17,671,554	$	17,803,159
	Discounted mortgage loans		19,176,036		19,176,036		26,336,953		26,336,953
	Investment real estate		82,195,332		82,195,332		68,165,013		68,165,013
	Policy loans		12,037,472		12,037,472		12,591,572		12,591,572
	Cash and cash equivalents		22,252,917		22,252,917		23,321,246		23,321,246
	Short term investments		0		0		6,268,320		6,268,320
	Liabilities
	Notes payable		17,000,000		17,000,000		18,857,954		18,857,954
	The above estimated fair value amounts have been determined based upon the following valuation methodologies. Considerable judgment was required to interpret market data in order 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.
	The fair values of mortgage loans on real estate are estimated using discounted cash flow analyses and interest rates being offered for similar loans to borrowers with similar credit ratings.  The inputs used to measure the fair value of our mortgage loans on real estate are classified as Level 3 within the fair value hierarchy.
	The Company has been purchasing non-performing discounted mortgage loans at a deep discount through an auction process led by the federal government.  In general, the discounted loans are non-performing and there is a significant amount of uncertainty surrounding the timing and amount of cash flows to be received by the Company.  Accordingly, the Company records its investment in the discounted loans at its original purchase price, which management believes approximates fair value.  The inputs used to measure the fair value of our discounted mortgage loans are classified as Level 3 within the fair value hierarchy.
	Investment real estate is recorded at the lower of the net investment in the real estate or the fair value of the real estate less costs to sell.  The determination of fair value assessments are performed on a periodic, non-recurring basis by external appraisal and assessment of property values by management.  The inputs used to measure the fair value of our investment real estate are classified as Level 3 within the fair value hierarchy.
	Policy loans are carried at the aggregate unpaid principal balances in the consolidated balance sheets which approximate fair value, and earn interest at rates ranging from 4 % to 8 %.  Individual policy liabilities in all cases equal or exceed outstanding policy loan balances.  The inputs used to measure the fair value of our policy loans are classified as Level 3 within the fair value hierarchy.
	The carrying amount of cash and cash equivalents in the financial statements approximates fair value given the highly liquid nature of the instruments.  The inputs used to measure the fair value of our cash and cash equivalents are classified as Level 1 within the fair value hierarchy.
	The carrying amount of short term investments in the financial statements approximates fair value.  The inputs used to measure the fair value of our short term investments are classified as Level 3 within the fair value hierarchy.
	The carrying value is a reasonable estimate of fair value for notes payable subject to floating rates of interest.  The fair value of notes payable with fixed rate borrowings is determined based on the borrowing rates currently available to the Company for loans with similar terms and average maturities.  The inputs used to measure the fair value of our notes payable are classified as Level 2 within the fair value hierarchy.

CREDIT_ARRANGEMENTS

CREDIT ARRANGEMENTS	9 Months Ended
	Sep. 30, 2013
NOTES PAYABLE [Abstract]	'
CREDIT ARRANGEMENTS	'
	Note 5 – Credit Arrangements
	At September 30, 2013 and December 31, 2012, the Company had the following outstanding debt:
						Outstanding Principal Balance
	Instrument	Issue Date		Maturity Date		30-Sep-13		31-Dec-12
	Promissory Note:
	HPG Acquisitions		2/7/07		11/7/17	$	0	$	202,919
	HPG Acquisitions		12/27/12		3/4/18		12,000,000		12,000,000
	Instrument	Issue Date		Maturity Date		Revolving Credit Limit		31-Dec-12		Borrowings		Repayments		30-Sep-13
	Lines of Credit:
	UTG		11/20/12		11/20/13	$	8,000,000	$	1,655,035		0		1,655,035	$	0
	UTG Avalon		12/28/11		1/3/14		5,000,000		5,000,000		0		5,000,000		0
	UTG Avalon		3/28/13		3/28/14		5,000,000		0		5,000,000		0		5,000,000
	UG		12/28/10		12/6/13		15,000,000		0		0		0		0
	The HPG Acquisitions promissory note issued on February 7, 2007 bears interest at a fixed rate of 5%. This promissory note was fully repaid during the second quarter of 2013.
	The HPG Acquisitions promissory note issued on December 27, 2012 is secured by real estate owned by HPG. The promissory note bears interest at a fixed rate of 4%. Interest is payable monthly. Principal is payable monthly beginning in the third year of the note.
	The UTG line of credit carries interest at a fixed rate of 3.75% and is payable monthly. As collateral, UTG has pledged 100% of the common voting stock of its wholly owned subsidiary, Universal Guaranty Life Insurance Company ("UG"). The UTG line of credit was fully repaid on July 5, 2013. On October 28, 2013, the Company borrowed $3,000,000 on its line of credit. The funds were used to pay the ACAP dissenting shareholders. See Note 7 for further information regarding this matter.
	The UTG Avalon line of credit issued on December 28, 2011 carried interest at a rate of 4.0% and was payable in two semi-annual payments. This line of credit was repaid during March 2013 and replaced by the line of credit described below.
	The UTG Avalon line of credit issued on March 28, 2013 currently carries interest at a rate of 4.0% and is payable in two semi-annual payments. The interest rate is a variable rate that will be 0.50% above the lowest of the U.S. Prime Rates as published in the money section of the Wall Street Journal. The interest rate is subject to change monthly and changes in the interest rate will take effect on the first day of the month following the rate change.
	UG is a member of the Federal Home Loan Bank ("FHLB").  This membership allows the Company access to additional credit up to a maximum of 50% of the total assets of UG.  To be a member of the FHLB, the Company was required to purchase shares of common stock of FHLB.  Borrowing capacity is based on 50 times each dollar of stock acquired in FHLB above the "base membership" amount.
	The consolidated scheduled principal reductions on the notes payable for the next five years are as follows:
	Year	Amount
	2013	$	0
	2014		5,000,000
	2015		345,460
	2016		478,193
	2017		499,277

SHAREHOLDERS_EQUITY

SHAREHOLDERS' EQUITY	9 Months Ended
	Sep. 30, 2013
CAPITAL STOCK TRANSACTIONS [Abstract]	'
CAPITAL STOCK TRANSACTIONS	'
	Note 6 – Shareholders' Equity
	Stock Repurchase Programs
	The Board of Directors of UTG authorized the repurchase in the open market or in privately negotiated transactions of up to $6 million of UTG's common stock. Repurchased shares are available for future issuance for general corporate purposes.  This program can be terminated at any time.  Open market purchases are made based on the last available market price and are generally limited to a maximum per share price of the most recent reported per share GAAP equity book value of the Company.  During the nine month period ended September 30, 2013, the Company repurchased 18,498 shares through the stock repurchase program for $238,305.  Through September 30, 2013, UTG has spent $4.9 million in the acquisition of 581,188 shares under this program.
	Earnings Per Share Calculations
	Earnings per share are based on the weighted average number of common shares outstanding during each period.  At September 30, 2013 and September 30, 2012, diluted earnings per share were the same as basic earnings per share since the Company had no dilutive instruments outstanding.

COMMITMENTS_AND_CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	9 Months Ended
	Sep. 30, 2013
COMMITMENTS AND CONTINGENCIES [Abstract]	'
COMMITMENTS AND CONTINGENCIES	'
	Note 7 – Commitments and Contingencies
	The insurance industry has experienced a number of civil jury verdicts which have been returned against life and health insurers in the jurisdictions in which the Company does business involving the insurers' sales practices, alleged agent misconduct, failure to properly supervise agents, and other matters.  Some of the lawsuits have resulted in the award of substantial judgments against the insurer, including material amounts of punitive damages.  In some states, juries have substantial discretion in awarding punitive damages in these circumstances.  In the normal course of business, the Company is involved from time to time in various legal actions and other state and federal proceedings.  Management is of the opinion that the ultimate disposition of the matters will not have a materially adverse effect on the Company's results of operations or financial position.
	Under the insurance guaranty fund laws in most states, insurance companies doing business in a participating state can be assessed up to prescribed limits for policyholder losses incurred by insolvent or failed insurance companies.  Although the Company cannot predict the amount of any future assessments, most insurance guaranty fund laws currently provide that an assessment may be excused or deferred if it would threaten an insurer's financial strength.  Mandatory assessments may be partially recovered through a reduction in future premium tax in some states. The Company does not believe such assessments will be materially different from amounts already provided for in the financial statements, though the Company has no control over such assessments.
	As part of the Texas Imperial Life Insurance Company sale, the Company remains contingently liable for certain costs pending the outcome of an ongoing race-based audit on Texas Imperial Life Insurance Company by the Texas Department of Insurance.  Under the agreement, the Company is responsible for 100% of the first $50,000 of costs, 90% of the next $50,000, 75% of the third $50,000 and 50% of the costs above $150,000.  Management had conservatively estimated the Company's exposure and other costs at $50,000 based on information provided to date from the examination team and has established a contingent liability of $47,727 in its financial statements.  This contingency expires December 30, 2013.
	Within the Company's trading accounts, certain trading securities carried as liabilities represent securities sold short.  A gain, limited to the price at which the security was sold short, or a loss, potentially unlimited in size, will be recognized upon the termination of the short sale.
	On November 9, 2011, ACAP shareholders approved a proposed merger with UTG whereby ACAP shareholders received 233 shares of UTG for each share previously held of ACAP.  On November 14, 2011, the merger was completed.  Certain of the ACAP shareholders dissented to the merger requesting the courts determine the value of the ACAP shares. Following the merger, the Company established a contingent liability of $2,550,822 to cover the anticipated proceeds due to the dissenting shareholders and associated legal and other costs.
	During the third quarter 2013, the Company and the dissenters agreed, in principle, to a settlement whereby the dissenting parties will receive a total consideration of $3,000,000.  The settlement agreement was executed October 24, 2013.  During the third quarter 2013, the Company increased the liability related to this matter in response to the settlement agreement.  At September 30, 2013, the Company held a liability of $3,000,000 for this matter.  The balance was settled on October 28, 2013, using the proceeds from the Company's line of credit as further described in Note 5.
	The following table represents the total funding commitments and the unfunded commitment as of September 30, 2013 related to certain investments:
		Total Funding		Unfunded
		Commitment		Commitment
	RLF III, LLC	$	4,000,000	$	398,120
	Llano Music, LLC		2,000,000		517,000
	Marcellus III, LLP		1,250,000		156,875
	Dew Learning, LLC		1,000,000		0
	Marcellus HBPI, LLP		1,800,000		141,300
	PBEX, LLC		5,625,000		2,818,750
	Sovereign's Capital, LP		500,000		250,000
	During 2006, the Company committed to invest in RLF III, LLC ("RLF"), which makes land-based investment in undervalued assets. RLF does capital calls as funds are needed for continued land purchases.
	During 2010, the Company made a commitment to invest in Llano Music, LLC ("Llano"), which invests in music royalties. Llano does capital calls to its investors as funds are needed to acquire the royalty rights.
	During 2011, the Company committed to invest in Marcellus III, LLP, which purchases land for leasing opportunities to those looking to harvest natural resources. Marcellus III, LLP does capital calls to its investors as funds are needed for continued land purchases.
	During 2012, the Company made a commitment to investment in Dew Learning, LLC ("Dew"), which is involved in the marketing and distribution of an electronic education based classroom model. Dew does capital calls to investors as funds are needed for continued development of the program.
	During 2012, the Company committed to invest in Marcellus HBPI, LLP, which purchases land for leasing opportunities to those looking to harvest natural resources. Marcellus HPBI, LLP does capital calls to investors as funds are needed for continued land purchases.
	During 2012, the Company committed to invest in PBEX, LLC, which purchases land for leasing opportunities to those looking to harvest natural resources. PBEX, LLC does capital calls to investors as funds are needed for continued land purchases.
	During 2012, the Company committed to invest in Sovereign's Capital, LP ("Sovereign's"), which invests in companies in emerging markets. Sovereign's is expected to call the remaining unfunded commitment during 2013.

OTHER_CASH_FLOW_DISCLOSURES

OTHER CASH FLOW DISCLOSURES	9 Months Ended
	Sep. 30, 2013
OTHER CASH FLOW DISCLOSURES [Abstract]	'
OTHER CASH FLOW DISCLOSURES	'
	Note 8 – Other Cash Flow Disclosures
	On a cash basis, the Company paid the following expenses:
		Three Months Ended
		September 30,
		2013		2012
	Interest expense	$	2,551	$	19,896
	Federal income tax		0		65,689
		Nine Months Ended
		September 30,
		2013		2012
	Interest expense	$	34,592	$	169,509
	Federal income tax		3,465,000		1,408,770
	During the first quarter of 2013, UG's wholly-owned subsidiary, UTG Avalon, LLC, entered into a noncash transaction whereby the subsidiary obtained a new line of credit in the amount of $5 million and utilized the line of credit to repay the prior line of credit. The terms of the new line of credit are consistent with the terms of the prior line of credit.
	During the second quarter of 2013, UG and one of its subsidiaries, Cumberland Woodlands, LLC, entered into noncash transactions whereby short-term investments in the amount of $6.3 million were exchanged for real estate in the amount of $6.3 million.

CONCENTRATIONS

CONCENTRATIONS	9 Months Ended
	Sep. 30, 2013
CONCENTRATIONS [Abstract]	'
CONCENTRATIONS	'
	Note 9 – Concentrations of Credit Risk
	The Company maintains cash balances in financial institutions that at times may exceed federally insured limits.  The Company maintains its primary operating cash accounts with First Southern National Bank, an affiliate of the largest shareholder of UTG, Mr. Jesse Correll, the Company's CEO and Chairman.  The Company has not experienced any losses in such accounts and believes it is not exposed to any significant credit risk on cash and cash equivalents.

NEW_ACCOUNTING_STANDARDS_Polic

NEW ACCOUNTING STANDARDS (Policies)	9 Months Ended
	Sep. 30, 2013
NEW ACCOUNTING STANDARDS [Abstract]	'
New Accounting Pronouncements, Policy [Policy Text Block]	'
	Comprehensive Income - In February 2013, the Financial Accounting Standards Board ("FASB") issued an accounting standard which requires an entity to provide information about the amounts reclassified out of accumulated other comprehensive income by component. In addition, an entity is required to present, either on the face of the statement where net income is presented or in the notes, significant amounts reclassified out of accumulated other comprehensive income by the respective line items of net income but only if the amount reclassified is required under U.S. GAAP to be reclassified to net income in its entirety in the same reporting period. For other amounts that are not required under U.S. GAAP to be reclassified in their entirety to net income, an entity is required to cross-reference to other disclosures required under U.S. GAAP that provide additional detail about those amounts. This guidance is effective for periods beginning after December 15, 2012. The adoption of this new guidance did not have a material impact on the Company's consolidated financial statements.
	Intangibles-Goodwill and Other – In July 2012, FASB issued guidance on the testing of indefinite-lived intangible assets for impairment, which is intended to reduce the cost and complexity of the impairment test for indefinite-lived intangible assets by providing an entity with the option to first assess qualitatively whether it is necessary to perform the impairment test that is currently in place. An entity would not be required to quantitatively calculate the fair value of an indefinite-lived intangible asset unless the entity determines that it is more likely than not that its fair value is less than its carrying value. This guidance is effective for interim and annual impairment tests beginning after September 15, 2012, with early adoption permitted. The adoption of this new guidance did not have a material impact on the Company's consolidated financial statements.

INVESTMENTS_Tables

INVESTMENTS (Tables)	9 Months Ended
	Sep. 30, 2013
INVESTMENTS [Abstract]	'
Amortized cost and estimated values of investments in securities including investments held for sale	'
	Investments in available for sale securities are summarized as follows:
	30-Sep-13		Original or Amortized				Gross Unrealized Gains			Gross Unrealized Losses			Estimated
			Cost										Fair
													Value
	Investments available for sale:
	Fixed maturities
	U.S. Government and govt. agencies and authorities		$	32,960,101			$	3,608,781		$	(81,167	)	$	36,487,715
	States, municipalities and political subdivisions			120,000				224			0			120,224
	U.S. special revenue and assessments			2,152,177				107,269			(117,890	)		2,141,556
	Collateralized mortgage obligations			1,407,647				115,187			(1	)		1,522,833
	Public utilities			399,909				48,501			0			448,410
	All other corporate bonds			130,991,236				4,430,376			(3,072,968	)		132,348,644
				168,031,070				8,310,338			(3,272,026	)		173,069,382
	Equity securities			37,064,005				1,419,938			(115,049	)		38,368,894
	Total		$	205,095,075			$	9,730,276		$	(3,387,075	)	$	211,438,276
	31-Dec-12		Original or Amortized				Gross Unrealized Gains			Gross Unrealized Losses			Estimated
			Cost										Fair
													Value
	Investments available for sale:
	Fixed maturities
	U.S. Government and govt. agencies and authorities		$	33,430,165			$	5,457,009		$	0		$	38,887,174
	States, municipalities and political subdivisions			160,000				6,637			0			166,637
	U.S. special revenue and assessments			2,150,070				153,545			0			2,303,615
	Collateralized mortgage obligations			2,241,384				183,409			(8	)		2,424,785
	Public utilities			399,900				63,662			0			463,562
	All other corporate bonds			135,145,198				9,747,565			(1,811,251	)		143,081,512
				173,526,717				15,611,827			(1,811,259	)		187,327,285
	Equity securities			29,497,001				1,303,328			(295,415	)		30,504,914
	Total		$	203,023,718			$	16,915,155		$	(2,106,674	)	$	217,832,199
Amortized cost and estimated market value of debt securities, by contractual maturity	'
	The amortized cost and estimated market value of debt securities at September 30, 2013, by contractual maturity, is shown 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.
	Fixed Maturities Available for Sale		Amortized				Estimated
	30-Sep-13		Cost				Fair Value
	Due in one year or less		$	448,205			$	459,757
	Due after one year through five years			22,357,791				24,087,416
	Due after five years through ten years			107,871,345				111,304,056
	Due after ten years			35,780,266				35,526,776
	Collateralized mortgage obligations			1,573,463				1,691,377
	Total		$	168,031,070			$	173,069,382
Fair value of investments with sustained gross unrealized losses	'
	The fair value of investments with sustained gross unrealized losses at September 30, 2013 and December 31, 2012 are as follows:
	30-Sep-13		Less than 12 months							12 months or longer						Total
			Fair value				Unrealized losses			Fair value			Unrealized losses			Fair value		Unrealized losses
	U.S. Government and govt. agencies and authorities		$	4,915,234				(81,167	)	$	0			0		$	4,915,234		(81,167	)
	U.S. Special Revenue and Assessments			869,430				(117,890	)		0			0			869,430		(117,890	)
	MBS/Collateralized mortgage obligations			1,998				(1	)		0			0			1,998		(1	)
	All other corporate bonds			41,465,134				(1,174,253	)		7,186,013			(1,898,715	)		48,651,147		(3,072,968	)
	Total fixed maturities		$	47,251,796				(1,373,311	)	$	7,186,013			(1,898,715	)	$	54,437,809		(3,272,026	)
	Equity securities		$	1,193,226				(115,049	)	$	0			0		$	1,193,226		(115,049	)
	31-Dec-12		Less than 12 months							12 months or longer						Total
			Fair value				Unrealized losses			Fair value			Unrealized losses			Fair value		Unrealized losses
	Collateralized mortgage obligations		$	4,513				(8	)	$	0			0		$	4,513		(8	)
	All other corporate bonds			13,776,705				(245,846	)		385,823			(1,565,405	)		14,162,528		(1,811,251	)
	Total fixed maturities		$	13,781,218				(245,854	)	$	385,823			(1,565,405	)	$	14,167,041		(1,811,259	)
	Equity securities		$	594,081				(295,415	)	$	0			0		$	594,081		(295,415	)
	Additional information regarding investments in an unrealized loss position is as follows:
		Less than 12 months		12 months or longer		Total
	As of September 30, 2013
	Fixed maturities	29		5		34
	Equity securities	1		0		1
	As of December 31, 2012
	Fixed maturities	8		3		11
	Equity securities	9		0		9
Other than temporary impairments	'
	Based on management's review of the investment portfolio, the Company recorded the following losses for other-than-temporary impairments in the Condensed Consolidated Statements of Operations:
			Three Months Ended
			September 30,
			2013				2012
	Other than temporary impairments:
	Common stock		$	1,000,000			$	0
	Mortgage loan			10,001				0
	Total		$	1,010,001			$	0
			Nine Months Ended
			September 30,
			2013				2012
	Other than temporary impairments:
	Common stock		$	1,000,000			$	0
	Mortgage loan			10,001				0
	Real estate			26,926				0
	Total		$	1,036,927			$	0
Trading revenue charged to investment	'
	Trading revenue charged to net investment income from trading securities was:
			Three Months Ended
			September 30,
			2013				2012
	Net unrealized gains (losses)		$	200,447			$	(361,447	)
	Net realized gains (losses)			(258,099	)			(611,749	)
	Net unrealized and realized gains (losses)		$	(57,652	)		$	(973,196	)
			Nine Months Ended
			September 30,
			2013				2012
	Net unrealized gains		$	249,992			$	167,251
	Net realized gains (losses)			(42,237	)			1,698,758
	Net unrealized and realized gains		$	207,755			$	1,866,009

FAIR_VALUE_MEASUREMENTS_Tables

FAIR VALUE MEASUREMENTS (Tables)	9 Months Ended
	Sep. 30, 2013
FAIR VALUE MEASUREMENTS [Abstract]	'
Financial assets and liabilities measured on recurring basis	'
	The following table presents the Company's assets and liabilities measured at fair value in the condensed consolidated balance sheet on a recurring basis as of September 30, 2013.
		Level 1		Level 2		Level 3		Total
	Assets
	Fixed Maturities, available for sale	$	19,623,494	$	153,113,751	$	332,137	$	173,069,382
	Equity Securities, available for sale		1,552,773		6,812,933		30,003,188		38,368,894
	Trading Securities		6,171,863		0		0		6,171,863
	Total	$	27,348,130	$	159,926,684	$	30,335,325	$	217,610,139
	Liabilities
	Trading Securities	$	628,162	$	0	$	0	$	628,162
	The following table presents the Company's assets and liabilities measured at fair value in the Condensed Consolidated Balance Sheet on a recurring basis as of December 31, 2012.
		Level 1		Level 2		Level 3		Total
	Assets
	Fixed Maturities, available for sale	$	20,993,398	$	166,060,160	$	273,727	$	187,327,285
	Equity Securities, available for sale		1,448,585		6,092,614		22,963,715		30,504,914
	Trading Securities		13,903,148		115,312		0		14,018,460
	Total	$	36,345,131	$	172,268,086	$	23,237,442	$	231,850,659
	Liabilities
	Trading Securities	$	7,552,704	$	0	$	0	$	7,552,704
	The following table provides reconciliations for Level 3 assets measured at fair value on a recurring basis. Transfers into and out of Level 3 are recognized as of the end of the quarter in which they occur.
		Fixed Maturities,		Equity Securities,		Total
		Available for Sale		Available for Sale
	Balance at December 31, 2012	$	273,727	$	22,963,715	$	23,237,442
	Total unrealized gains or (losses):
	Included in other comprehensive income		58,410		19,953		78,363
	Purchases		0		7,019,520		7,019,520
	Balance at September 30, 2013	$	332,137	$	30,003,188	$	30,335,325
Estimated fair value of financial instruments required to be valued by ASC 820	'
	The carrying values and estimated fair values of certain of the Company's financial instruments not recorded at fair value in the condensed consolidated balance sheets are shown below. Because the fair value for all condensed consolidated balance sheet items are not required to be disclosed, the aggregate fair value amounts presented below are not reflective of the underlying value of the Company.
		30-Sep-13				31-Dec-12
		Carrying		Estimated		Carrying		Estimated
		Amount		Fair		Amount		Fair
	Assets			Value				Value
	Mortgage loans on real estate	$	12,553,581	$	12,818,672	$	17,671,554	$	17,803,159
	Discounted mortgage loans		19,176,036		19,176,036		26,336,953		26,336,953
	Investment real estate		82,195,332		82,195,332		68,165,013		68,165,013
	Policy loans		12,037,472		12,037,472		12,591,572		12,591,572
	Cash and cash equivalents		22,252,917		22,252,917		23,321,246		23,321,246
	Short term investments		0		0		6,268,320		6,268,320
	Liabilities
	Notes payable		17,000,000		17,000,000		18,857,954		18,857,954

CREDIT_ARRANGEMENTS_Tables

CREDIT ARRANGEMENTS (Tables)	9 Months Ended
	Sep. 30, 2013
NOTES PAYABLE [Abstract]	'
Schedule of promissory note	'
	At September 30, 2013 and December 31, 2012, the Company had the following outstanding debt:
						Outstanding Principal Balance
	Instrument	Issue Date		Maturity Date		30-Sep-13		31-Dec-12
	Promissory Note:
	HPG Acquisitions		2/7/07		11/7/17	$	0	$	202,919
	HPG Acquisitions		12/27/12		3/4/18		12,000,000		12,000,000
Schedule of lines of credit	'
	Instrument	Issue Date		Maturity Date		Revolving Credit Limit		31-Dec-12		Borrowings		Repayments		30-Sep-13
	Lines of Credit:
	UTG		11/20/12		11/20/13	$	8,000,000	$	1,655,035		0		1,655,035	$	0
	UTG Avalon		12/28/11		1/3/14		5,000,000		5,000,000		0		5,000,000		0
	UTG Avalon		3/28/13		3/28/14		5,000,000		0		5,000,000		0		5,000,000
	UG		12/28/10		12/6/13		15,000,000		0		0		0		0
Scheduled principal reduction on notes payable for the next five years	'
	The consolidated scheduled principal reductions on the notes payable for the next five years are as follows:
	Year	Amount
	2013	$	0
	2014		5,000,000
	2015		345,460
	2016		478,193
	2017		499,277

COMMITMENTS_AND_CONTINGENCIES_

COMMITMENTS AND CONTINGENCIES (Tables)	9 Months Ended
	Sep. 30, 2013
COMMITMENTS AND CONTINGENCIES [Abstract]	'
Funding commitment and unfunded commitment	'
	The following table represents the total funding commitments and the unfunded commitment as of September 30, 2013 related to certain investments:
		Total Funding		Unfunded
		Commitment		Commitment
	RLF III, LLC	$	4,000,000	$	398,120
	Llano Music, LLC		2,000,000		517,000
	Marcellus III, LLP		1,250,000		156,875
	Dew Learning, LLC		1,000,000		0
	Marcellus HBPI, LLP		1,800,000		141,300
	PBEX, LLC		5,625,000		2,818,750
	Sovereign's Capital, LP		500,000		250,000

OTHER_CASH_FLOW_DISCLOSURES_Ta

OTHER CASH FLOW DISCLOSURES (Tables)	9 Months Ended
	Sep. 30, 2013
OTHER CASH FLOW DISCLOSURES [Abstract]	'
Expenses paid on a cash basis	'
	On a cash basis, the Company paid the following expenses:
		Three Months Ended
		September 30,
		2013		2012
	Interest expense	$	2,551	$	19,896
	Federal income tax		0		65,689
		Nine Months Ended
		September 30,
		2013		2012
	Interest expense	$	34,592	$	169,509
	Federal income tax		3,465,000		1,408,770

BASIS_OF_PRESENTATION_Details

BASIS OF PRESENTATION (Details)	9 Months Ended
	Sep. 30, 2013
Subsidiary or Equity Method Investee [Line Items]	'
Ownership in subsidiary bank (in hundredths)	100.00%
Related Party Disclosure [Line Items]	'
Ownership or control of outstanding common stock directly or indirectly (in hundredths)	56.00%

INVESTMENTS_Details

INVESTMENTS (Details) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012	Dec. 31, 2012
Amortized cost and estimated value of debt securities, by contractual maturity [Abstract]	'	'	'	'	'
Due in one year or less	$459,757	'	$459,757	'	'
Due after one year through five years	24,087,416	'	24,087,416	'	'
Due after five years through ten years	111,304,056	'	111,304,056	'	'
Due after ten years	35,526,776	'	35,526,776	'	'
Collateralized mortgage obligations	1,691,377	'	1,691,377	'	'
Total	173,069,382	'	173,069,382	'	'
Fixed maturities [Abstract]	'	'	'	'	'
Original or Amortized Cost	205,095,075	'	205,095,075	'	203,023,718
Gross Unrealized Gains	'	'	9,730,276	16,915,155	'
Gross Unrealized Losses	'	'	-3,387,075	-2,106,674	'
Estimated Market Value	211,438,276	'	211,438,276	'	217,832,199
Other than Temporary Impairment Losses, Investments, Available-for-sale Securities [Abstract]	'	'	'	'	'
Other than temporary impairment losses, investments, available-for-sale securities	1,010,001	0	1,036,927	0	'
Amortized cost and estimated market value of debt securities, by contractual maturity [Abstract]	'	'	'	'	'
Due in one year or less	448,205	'	448,205	'	'
Due after one year through five years	22,357,791	'	22,357,791	'	'
Due after five years through ten years	107,871,345	'	107,871,345	'	'
Due after ten years	35,780,266	'	35,780,266	'	'
Collateralized mortgage obligation	1,573,463	'	1,573,463	'	'
Total	168,031,070	'	168,031,070	'	'
Trading Securities [Abstract]	'	'	'	'	'
Fair value, derivatives included in trading security assets	353,750	'	353,750	'	6,745,528
Fair value, derivative included in trading security liabilities	-624,477	'	-624,477	'	-6,050,344
Trading securities, net unrealized gain (loss)	200,447	-361,447	249,992	167,251	'
Trading securities, realized gain (loss)	-258,099	-611,749	-42,237	1,698,758	'
Increase (Decrease) in Trading Securities [Abstract]	'	'	'	'	'
Net Realized and Unrealized Gain (Loss) on Trading Securities	-57,652	-973,196	207,755	1,866,009	'
Mortgages [Abstract]	'	'	'	'	'
Number of Mortgage Loans including Discounted Mortgage Loans	44	'	44	'	71
Mortgage Loans including Discounted Mortgage Loans	31,729,617	'	31,729,617	'	44,008,507
Mortgage loans reserve	'	'	'	'	0
Average purchase price to outstanding loan (in hundredths)	'	'	40.80%	'	'
U.S. Government and Government Agencies and Authorities [Member]	'	'	'	'	'
Fixed maturities [Abstract]	'	'	'	'	'
Original or Amortized Cost	32,960,101	'	32,960,101	'	33,430,165
Gross Unrealized Gains	'	'	3,608,781	5,457,009	'
Gross Unrealized Losses	'	'	-81,167	0	'
Estimated Market Value	36,487,715	'	36,487,715	'	38,887,174
Available-for-sale Securities, Continuous Unrealized Loss Position [Abstract]	'	'	'	'	'
Less than 12 months, Fair value	4,915,234	'	4,915,234	'	'
Less than 12 months, Unrealized losses	'	'	-81,167	'	'
Twelve months or longer, Fair value	0	'	0	'	'
Twelve months or longer, Unrealized losses	'	'	0	'	'
Total Fair value	4,915,234	'	4,915,234	'	'
Total Unrealized losses	'	'	-81,167	'	'
US Special Revenue and Assessments [Member]	'	'	'	'	'
Fixed maturities [Abstract]	'	'	'	'	'
Original or Amortized Cost	2,152,177	'	2,152,177	'	2,150,070
Gross Unrealized Gains	'	'	107,269	153,545	'
Gross Unrealized Losses	'	'	-117,890	0	'
Estimated Market Value	2,141,556	'	2,141,556	'	2,303,615
Available-for-sale Securities, Continuous Unrealized Loss Position [Abstract]	'	'	'	'	'
Less than 12 months, Fair value	869,430	'	869,430	'	'
Less than 12 months, Unrealized losses	'	'	-117,890	'	'
Twelve months or longer, Fair value	0	'	0	'	'
Twelve months or longer, Unrealized losses	'	'	0	'	'
Total Fair value	869,430	'	869,430	'	'
Total Unrealized losses	'	'	-117,890	'	'
States, Municipalities and Political Subdivisions [Member]	'	'	'	'	'
Fixed maturities [Abstract]	'	'	'	'	'
Original or Amortized Cost	120,000	'	120,000	'	160,000
Gross Unrealized Gains	'	'	224	6,637	'
Gross Unrealized Losses	'	'	0	0	'
Estimated Market Value	120,224	'	120,224	'	166,637
Collateralized Mortgage Obligations [Member]	'	'	'	'	'
Fixed maturities [Abstract]	'	'	'	'	'
Original or Amortized Cost	1,407,647	'	1,407,647	'	2,241,384
Gross Unrealized Gains	'	'	115,187	183,409	'
Gross Unrealized Losses	'	'	-1	-8	'
Estimated Market Value	1,522,833	'	1,522,833	'	2,424,785
Available-for-sale Securities, Continuous Unrealized Loss Position [Abstract]	'	'	'	'	'
Less than 12 months, Fair value	1,998	'	1,998	'	4,513
Less than 12 months, Unrealized losses	'	'	-1	-8	'
Twelve months or longer, Fair value	0	'	0	'	0
Twelve months or longer, Unrealized losses	'	'	0	0	'
Total Fair value	1,998	'	1,998	'	4,513
Total Unrealized losses	'	'	-1	-8	'
Common Stock [Member]	'	'	'	'	'
Other than Temporary Impairment Losses, Investments, Available-for-sale Securities [Abstract]	'	'	'	'	'
Other than temporary impairment losses, investments, available-for-sale securities	1,000,000	0	1,000,000	0	'
Mortgage Loans on Real Estate [Member]	'	'	'	'	'
Other than Temporary Impairment Losses, Investments, Available-for-sale Securities [Abstract]	'	'	'	'	'
Other than temporary impairment losses, investments, available-for-sale securities	10,001	0	10,001	0	'
Commercial Real Estate [Member]	'	'	'	'	'
Other than Temporary Impairment Losses, Investments, Available-for-sale Securities [Abstract]	'	'	'	'	'
Other than temporary impairment losses, investments, available-for-sale securities	'	'	26,926	0	'
Public Utilities [Member]	'	'	'	'	'
Fixed maturities [Abstract]	'	'	'	'	'
Original or Amortized Cost	399,909	'	399,909	'	399,900
Gross Unrealized Gains	'	'	48,501	63,662	'
Gross Unrealized Losses	'	'	0	0	'
Estimated Market Value	448,410	'	448,410	'	463,562
Debt Securities [Member]	'	'	'	'	'
Fixed maturities [Abstract]	'	'	'	'	'
Original or Amortized Cost	168,031,070	'	168,031,070	'	173,526,717
Gross Unrealized Gains	'	'	8,310,338	15,611,827	'
Gross Unrealized Losses	'	'	-3,272,026	-1,811,259	'
Estimated Market Value	173,069,382	'	173,069,382	'	187,327,285
Available-for-sale Securities, Continuous Unrealized Loss Position [Abstract]	'	'	'	'	'
Less than 12 months, Fair value	47,251,796	'	47,251,796	'	13,781,218
Less than 12 months, Unrealized losses	'	'	-1,373,311	-245,854	'
Twelve months or longer, Fair value	7,186,013	'	7,186,013	'	385,823
Twelve months or longer, Unrealized losses	'	'	-1,898,715	-1,565,405	'
Total Fair value	54,437,809	'	54,437,809	'	14,167,041
Total Unrealized losses	'	'	-3,272,026	-1,811,259	'
Less than 12 months Number of Securities	29	'	29	'	8
Twelve months or longer Number of Securities	5	'	5	'	3
Total Number of Securities	34	'	34	'	11
Equity Securities [Member]	'	'	'	'	'
Fixed maturities [Abstract]	'	'	'	'	'
Original or Amortized Cost	37,064,005	'	37,064,005	'	29,497,001
Gross Unrealized Gains	'	'	1,419,938	1,303,328	'
Gross Unrealized Losses	'	'	-115,049	-295,415	'
Estimated Market Value	38,368,894	'	38,368,894	'	30,504,914
Available-for-sale Securities, Continuous Unrealized Loss Position [Abstract]	'	'	'	'	'
Less than 12 months, Fair value	1,193,226	'	1,193,226	'	594,081
Less than 12 months, Unrealized losses	'	'	-115,049	-295,415	'
Twelve months or longer, Fair value	0	'	0	'	0
Twelve months or longer, Unrealized losses	'	'	0	0	'
Total Fair value	1,193,226	'	1,193,226	'	594,081
Total Unrealized losses	'	'	-115,049	-295,415	'
Less than 12 months Number of Securities	1	'	1	'	9
Twelve months or longer Number of Securities	0	'	0	'	0
Total Number of Securities	1	'	1	'	9
All Other Corporate Bonds [Member]	'	'	'	'	'
Fixed maturities [Abstract]	'	'	'	'	'
Original or Amortized Cost	130,991,236	'	130,991,236	'	135,145,198
Gross Unrealized Gains	'	'	4,430,376	9,747,565	'
Gross Unrealized Losses	'	'	-3,072,968	-1,811,251	'
Estimated Market Value	132,348,644	'	132,348,644	'	143,081,512
Available-for-sale Securities, Continuous Unrealized Loss Position [Abstract]	'	'	'	'	'
Less than 12 months, Fair value	41,465,134	'	41,465,134	'	13,776,705
Less than 12 months, Unrealized losses	'	'	-1,174,253	-245,846	'
Twelve months or longer, Fair value	7,186,013	'	7,186,013	'	385,823
Twelve months or longer, Unrealized losses	'	'	-1,898,715	-1,565,405	'
Total Fair value	48,651,147	'	48,651,147	'	14,162,528
Total Unrealized losses	'	'	($3,072,968)	($1,811,251)	'

FAIR_VALUE_MEASUREMENTS_Detail

FAIR VALUE MEASUREMENTS (Details) (USD $)	3 Months Ended	9 Months Ended
	Sep. 30, 2013	Sep. 30, 2013	Dec. 31, 2012	Sep. 30, 2012	Dec. 31, 2011
Assets [Abstract]	'	'	'	'	'
Fixed Maturities, available for sale	$173,069,382	$173,069,382	$187,327,285	'	'
Trading Securities	6,171,863	6,171,863	14,018,460	'	'
Liabilities [Abstract]	'	'	'	'	'
Trading Securities	624,477	624,477	6,050,344	'	'
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]	'	'	'	'	'
Beginning Balance	'	23,237,442	'	'	'
Total Unrealized Gains (Losses) Included in Other Comprehensive Income	78,363	'	'	'	'
Purchases	7,019,520	'	'	'	'
Ending Balance	30,335,325	30,335,325	'	'	'
Assets [Abstract]	'	'	'	'	'
Discounted mortgage loans	19,176,036	19,176,036	26,336,953	'	'
Investment real estate	82,195,332	82,195,332	68,165,013	'	'
Cash and cash equivalents	22,252,917	22,252,917	23,321,246	21,195,290	82,925,675
Liabilities [Abstract]	'	'	'	'	'
Policy loan interest rate, minimum (in hundredths)	'	4.00%	'	'	'
Policy loan interest rate, maximum (in hundredths)	'	8.00%	'	'	'
Carrying Amount [Member]	'	'	'	'	'
Assets [Abstract]	'	'	'	'	'
Mortgage loans on real estate	12,553,581	12,553,581	17,671,554	'	'
Discounted mortgage loans	19,176,036	19,176,036	26,336,953	'	'
Investment real estate	82,195,332	82,195,332	68,165,013	'	'
Policy Loans	12,037,472	12,037,472	12,591,572	'	'
Cash and cash equivalents	22,252,917	22,252,917	23,321,246	'	'
Other Assets, Fair Value Disclosure	0	0	6,268,320	'	'
Liabilities [Abstract]	'	'	'	'	'
Notes payable	17,000,000	17,000,000	18,857,954	'	'
Estimated Fair Value [Member]	'	'	'	'	'
Assets [Abstract]	'	'	'	'	'
Mortgage loans on real estate	12,818,672	12,818,672	17,803,159	'	'
Discounted mortgage loans	19,176,036	19,176,036	26,336,953	'	'
Investment real estate	82,195,332	82,195,332	68,165,013	'	'
Policy Loans	12,037,472	12,037,472	12,591,572	'	'
Cash and cash equivalents	22,252,917	22,252,917	23,321,246	'	'
Other Assets, Fair Value Disclosure	0	0	6,268,320	'	'
Liabilities [Abstract]	'	'	'	'	'
Notes payable	17,000,000	17,000,000	18,857,954	'	'
Fixed Maturities [Member]	'	'	'	'	'
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]	'	'	'	'	'
Beginning Balance	'	'	273,727	'	'
Total Unrealized Gains (Losses) Included in Other Comprehensive Income	58,410	'	'	'	'
Purchases	0	'	'	'	'
Ending Balance	332,137	332,137	273,727	'	'
Equity Securities [Member]	'	'	'	'	'
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]	'	'	'	'	'
Beginning Balance	'	'	22,963,715	'	'
Total Unrealized Gains (Losses) Included in Other Comprehensive Income	19,953	'	'	'	'
Purchases	7,019,520	'	'	'	'
Ending Balance	30,003,188	30,003,188	22,963,715	'	'
Measured on a recurring basis [Member]	'	'	'	'	'
Assets [Abstract]	'	'	'	'	'
Fixed Maturities, available for sale	173,069,382	173,069,382	187,327,285	'	'
Equity Securities, available for sale	38,368,894	38,368,894	30,504,914	'	'
Trading Securities	6,171,863	6,171,863	14,018,460	'	'
Total Financial Assets	217,610,139	217,610,139	231,850,659	'	'
Liabilities [Abstract]	'	'	'	'	'
Trading Securities	628,162	628,162	7,552,704	'	'
Measured on a recurring basis [Member] | Level 1 [Member]	'	'	'	'	'
Assets [Abstract]	'	'	'	'	'
Fixed Maturities, available for sale	19,623,494	19,623,494	20,993,398	'	'
Equity Securities, available for sale	1,552,773	1,552,773	1,448,585	'	'
Trading Securities	6,171,863	6,171,863	13,903,148	'	'
Total Financial Assets	27,348,130	27,348,130	36,345,131	'	'
Liabilities [Abstract]	'	'	'	'	'
Trading Securities	628,162	628,162	7,552,704	'	'
Measured on a recurring basis [Member] | Level 2 [Member]	'	'	'	'	'
Assets [Abstract]	'	'	'	'	'
Fixed Maturities, available for sale	153,113,751	153,113,751	166,060,160	'	'
Equity Securities, available for sale	6,812,933	6,812,933	6,092,614	'	'
Trading Securities	0	0	115,312	'	'
Total Financial Assets	159,926,684	159,926,684	172,268,086	'	'
Liabilities [Abstract]	'	'	'	'	'
Trading Securities	0	0	0	'	'
Measured on a recurring basis [Member] | Level 3 [Member]	'	'	'	'	'
Assets [Abstract]	'	'	'	'	'
Fixed Maturities, available for sale	332,137	332,137	273,727	'	'
Equity Securities, available for sale	30,003,188	30,003,188	22,963,715	'	'
Trading Securities	0	0	0	'	'
Total Financial Assets	30,335,325	30,335,325	23,237,442	'	'
Liabilities [Abstract]	'	'	'	'	'
Trading Securities	$0	$0	$0	'	'

CREDIT_ARRANGEMENTS_Details

CREDIT ARRANGEMENTS (Details) (USD $)

Sep. 30, 2013

Sep. 30, 2013

Dec. 31, 2012

Oct. 28, 2013

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Dec. 31, 2012

UTG 2012-11-20 [Member]

UTG 2012-11-20 [Member]

UTG 2012-11-20 [Member]

UTG Avalon 2011-12-28 [Member]

UTG Avalon 2011-12-28 [Member]

UTG Avalon 2013-03-28 [Member]

UTG Avalon 2013-03-28 [Member]

UG 2010-12-28 [Member]

UG 2010-12-28 [Member]

HPG Acquisition 2007-02-07 [Member]

HPG Acquisition 2007-02-07 [Member]

HPG Acquisitions 2012-12-27 [Member]

HPG Acquisitions 2012-12-27 [Member]

Subsequent Event [Member]

Debt Instrument [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Issue Date

'

'

'

'

'

'

'

'

'

'

7-Feb-07

'

27-Dec-12

'

Maturity Date

'

'

'

'

'

'

'

'

'

'

7-Nov-17

'

4-Mar-18

'

Outstanding Principal Balance

'

'

'

'

'

'

'

'

'

'

$0

$202,919

$12,000,000

$12,000,000

Interest Rate

'

'

'

'

'

'

'

'

'

'

5.00%

'

4.00%

'

Lines of Credit [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Issue Date

'

20-Nov-12

'

'

28-Dec-11

'

28-Mar-13

'

28-Dec-10

'

'

'

'

'

Maturity Date

'

20-Nov-13

'

'

3-Jan-14

'

28-Mar-14

'

6-Dec-13

'

'

'

'

'

Revolving Credit Limit

'

8,000,000

'

'

5,000,000

'

5,000,000

'

15,000,000

'

'

'

'

'

Outstanding Balance

'

0

1,655,035

'

0

5,000,000

5,000,000

0

0

0

'

'

'

'

Borrowings

'

0

'

3,000,000

0

'

5,000,000

'

0

'

'

'

'

'

Repayments

'

1,655,035

'

'

5,000,000

'

0

'

0

'

'

'

'

'

Interest Rate

'

3.75%

'

'

4.00%

'

4.00%

'

'

'

'

'

'

'

Assets Pledged

'

'100% of the common voting stock of its wholly owned subsidiary, Universal Guaranty Life Insurance Company (bUGb).

'

'

'

'

'

'

'

'

'

'

'

'

Frequency of Payments

'

'

'

'

'two semi-annual

'

'two semi-annual

'

'

'

'

'

'

'

Interest Rate Description

'

'

'

'

'

'

'0.50% above the lowest of the U.S. Prime Rates as published in the money section of the Wall Street Journal.

'

'

'

'

'

'

'

Additional Credit Capacity

'

'

'

'

'

'

'

'

'up to a maximum of 50% of the total assets of UG.

'

'

'

'

'

Borrowing Capacity

'

'

'

'

'

'

'

'

'based on 50 times each dollar of stock acquired in FHLB above the bbase membershipb amount.

'

'

'

'

'

Scheduled principal reductions on notes payable for the next five years [Abstract]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

2013

0

'

'

'

'

'

'

'

'

'

'

'

'

'

2014

5,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

2015

345,460

'

'

'

'

'

'

'

'

'

'

'

'

'

2016

478,193

'

'

'

'

'

'

'

'

'

'

'

'

'

2017

$499,277

'

'

'

'

'

'

'

'

'

'

'

'

'

SHAREHOLDERS_EQUITY_Details

SHAREHOLDERS' EQUITY (Details) (USD $)	9 Months Ended
	Sep. 30, 2013
STOCK REPURCHASE PROGRAM [Abstract]	'
Stock repurchase program authorized amount	$6,000,000
Treasury Stock, Shares, Acquired	18,498
Amount paid to repurchase shares during the year	238,305
Amount of common stock repurchased	$4.90
Number of common stock acquired (in shares)	581,188

COMMITMENTS_AND_CONTINGENCIES_1

COMMITMENTS AND CONTINGENCIES (Details) (USD $)	9 Months Ended
	Sep. 30, 2013
Liability for contingent costs [Line Items]	'
Cost contingency, tier one (in hundredths)	100.00%
Cost contingency threshold, tier one	$50,000
Cost contingency, tier two (in hundredths)	90.00%
Cost contingency threshold, tier two	50,000
Cost contingency, tier three (in hundredths)	75.00%
Cost contingency threshold, tier three	50,000
Cost contingency, tier four (in hundredths)	50.00%
Cost contingency threshold, tier four	150,000
Estimate of cost contingency, total	50,000
Litigation Settlement, Amount	3,000,000
Loss Contingency Accrual, Ending Balance	47,727
Loss Contingency	47,727
RLF III, LLC [Member]	'
Investment Commitment [Line Items]	'
Total Funding Commitment	4,000,000
Unfunded Commitment	398,120
Llano Music, LLC [Member]	'
Investment Commitment [Line Items]	'
Total Funding Commitment	2,000,000
Unfunded Commitment	517,000
Marcellus III, LLC [Member]	'
Investment Commitment [Line Items]	'
Total Funding Commitment	1,250,000
Unfunded Commitment	156,875
Dew Learning, LLC [Member]	'
Investment Commitment [Line Items]	'
Total Funding Commitment	1,000,000
Unfunded Commitment	0
Marcellus HBPI, LLP [Member]	'
Investment Commitment [Line Items]	'
Total Funding Commitment	1,800,000
Unfunded Commitment	141,300
PBEX, LLC [Member]	'
Investment Commitment [Line Items]	'
Total Funding Commitment	5,625,000
Unfunded Commitment	2,818,750
Sovereign's Capital, LP [Member]	'
Investment Commitment [Line Items]	'
Total Funding Commitment	500,000
Unfunded Commitment	250,000
ACAP [Member]	'
Liability for contingent costs [Line Items]	'
Estimate of cost contingency, total	2,550,822
Loss Contingency Accrual, Ending Balance	3,000,000
Loss Contingency	$3,000,000
Share Conversion	233

OTHER_CASH_FLOW_DISCLOSURES_De

OTHER CASH FLOW DISCLOSURES (Details) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
OTHER CASH FLOW DISCLOSURES [Abstract]	'	'	'	'
Interest expense paid	$2,551	$19,896	$34,592	$169,509
Federal income tax	0	65,689	3,465,000	1,408,770
Noncash transaction LOC	5,000,000	'	5,000,000	'
Noncash transaction short term investments	6,300,000	'	6,300,000	'
Noncash transaction real estate	$6,300,000	'	$6,300,000	'