UTG (UTGN) 10-K 25 Mar 14 2013 FY Annual report Financial data

Document_and_Entity_Informatio

Document and Entity Information (USD $)	12 Months Ended
	Dec. 31, 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	'	'	$18,493,320
Entity Common Stock, Shares Outstanding	'	3,773,037	'
Document Fiscal Year Focus	'2013	'	'
Document Fiscal Period Focus	'FY	'	'
Document Type	'10-K	'	'
Amendment Flag	'false	'	'
Document Period End Date	31-Dec-13	'	'

Balance_Sheet

Balance Sheet (USD $)	Dec. 31, 2013	Dec. 31, 2012
Investments available for sale:	'	'
Fixed maturities, at fair value	$174,409,824	$187,327,285
Equity securities, at fair value	40,514,978	30,504,914
Trading securities, at fair value	6,614,111	14,018,460
Mortgage loans on real estate at amortized cost	14,454,534	17,671,554
Discounted mortgage loans on real estate at cost	12,830,735	26,336,953
Investment real estate	83,585,359	68,165,013
Policy loans	11,860,960	12,591,572
Short-term investments	0	6,268,320
Total investments	344,270,501	362,884,071
Cash and cash equivalents	19,838,618	23,321,246
Accrued investment income	2,432,939	2,444,790
Future policy benefits	28,767,326	29,318,018
Policy claims and other benefits	3,926,736	4,492,430
Cost of insurance acquired	10,636,412	11,700,765
Deferred policy acquisition costs	369,786	426,218
Property and equipment, net of accumulated depreciation	1,185,108	1,344,851
Income tax receivable	1,296,043	20,035
Other assets	4,390,620	5,381,969
Total assets	417,114,089	441,334,393
Liabilities:	'	'
Future policyholder benefits	286,472,435	293,800,162
Policy claims and benefits payable	3,283,897	3,371,767
Other policyholder funds	378,772	477,948
Dividend and endowment accumulations	14,162,510	14,072,513
Income tax payable	0	2,042,786
Deferred income taxes	9,633,641	12,301,577
Notes payable	19,097,534	18,857,954
Trading securities liabilities, at fair value	357,439	7,552,704
Other liabilities	5,860,420	9,202,354
Total liabilities	339,246,648	361,679,765
Common stock	3,776	3,799
Additional paid-in capital	44,050,778	44,337,743
Retained earnings	25,169,646	21,917,318
Accumulated other comprehensive income	3,459,401	9,664,466
Total UTG shareholders' equity	72,683,601	75,923,326
Noncontrolling interests	5,183,840	3,731,302
Total shareholders' equity	77,867,441	79,654,628
Total liabilities and shareholders' equity	$417,114,089	$441,334,393

Balance_Sheet_Parenthetical

Balance Sheet Parenthetical (USD $)	Dec. 31, 2013	Dec. 31, 2012
Investments available for sale:	'	'
Fixed maturities, amortized cost	$171,085,396	$173,526,717
Equity securities, cost	38,625,230	29,497,001
Trading securities, cost	6,924,413	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)	3,776,197	3,798,871

Income_Statement

Income Statement (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Revenues:	'	'
Premiums and policy fees	$12,392,056	$13,276,880
Reinsurance premiums and policy fees	-3,214,562	-3,365,796
Net investment income	22,263,835	18,519,257
Other income	2,035,166	2,098,642
Revenues before realized gains (losses)	33,476,495	30,528,983
Realized investment gains (losses), net:	'	'
Other-than-temporary impairments	-1,201,775	-187,405
Other realized investment gains, net	2,091,028	14,492,717
Total realized investment gains, net	889,253	14,305,312
Total revenues	34,365,748	44,834,295
Benefits, claims and settlement expenses:	'	'
Life	20,701,727	21,436,471
Reinsurance benefits and claims	-3,003,022	-4,223,621
Annuity	1,045,410	1,074,622
Dividends to policyholders	524,993	501,070
Commissions and amortization of deferred policy acquisition costs	-37,775	-443,102
Amortization of cost of insurance acquired	1,064,353	1,145,501
Operating expenses	8,716,167	9,604,668
Interest expense	702,959	296,868
Total benefits and other expenses	29,714,812	29,392,477
Income before income taxes	4,650,936	15,441,818
Income tax expense	-780,924	-5,494,382
Net income	3,870,012	9,947,436
Net income attributable to noncontrolling interest	-617,684	-681,805
Net income attributable to common shareholders'	$3,252,328	$9,265,631
Amounts attributable to common shareholders':	'	'
Basic income per share (in dollars per share)	$0.86	$2.43
Diluted income per share (in dollars per share)	$0.86	$2.43
Basic weighted average shares outstanding (in shares)	3,787,913	3,809,639
Diluted weighted average shares outstanding (in shares)	3,787,913	3,809,639

Consolidated_Statement_of_Comp

Consolidated Statement of Comprehensive Income (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Condensed Consolidated Statement of Comprehensive Income [Abstract]	'	'
Net Income	$3,870,012	$9,947,436
Other comprehensive income, net of tax	'	'
Unrealized holding gains/(losses) arising during period	-5,166,565	3,978,086
Less reclassification adjustment for (gains)/losses included in net income	-1,038,500	-6,105,834
Subtotal: Other comprehensive income (loss), net of tax	-6,205,065	-2,127,748
Comprehensive income	-2,335,053	7,819,688
Less comprehensive income attributable to noncontrolling interests	-617,684	-681,805
Comprehensive income attributable to UTG, Inc.	($2,952,737)	$7,137,883

Consolidated_Statement_of_Comp1

Consolidated Statement of Comprehensive Income (Parenthetical) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Other comprehensive income, net of tax	'	'
Other Comprehensive Income (Loss), Unrealized Holding Gain (Loss) on Securities Arising During Period, Tax	($2,781,997)	$2,142,046
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, Tax	$559,192	$3,287,757

Statement_of_Shareholders_Equi

Statement of Shareholders' Equity (USD $)	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Noncontrolling Interest [Member]
Balance, beginning of year at Dec. 31, 2011	$75,785,048	$3,855	$45,051,608	$12,651,687	$11,792,214	$6,285,684
Issued during year	214,981	16	214,965	0	0	0
Treasury shares acquired and retired	-928,902	-72	-928,830	0	0	0
Net income attributable to common shareholders	9,265,631	0	0	9,265,631	0	0
Unrealized holding income (loss) on securities net of noncontrolling and reclassification adjustment and taxes	-2,127,748	0	0	0	-2,127,748	0
Distributions	-3,236,187	0	0	0	0	-3,236,187
Gain attributable to noncontrolling interest	681,805	0	0	0	0	681,805
Balance, end of period at Dec. 31, 2012	79,654,628	3,799	44,337,743	21,917,318	9,664,466	3,731,302
Issued during year	33,991	3	33,988	0	0	0
Treasury shares acquired and retired	-320,979	-26	-320,953	0	0	0
Net income attributable to common shareholders	3,252,328	0	0	3,252,328	0	0
Unrealized holding income (loss) on securities net of noncontrolling and reclassification adjustment and taxes	-6,205,065	0	0	0	-6,205,065	0
Contributions	931,923	0	0	0	0	931,923
Distributions	-97,069	0	0	0	0	-97,069
Gain attributable to noncontrolling interest	617,684	0	0	0	0	617,684
Balance, end of period at Dec. 31, 2013	$77,867,441	$3,776	$44,050,778	$25,169,646	$3,459,401	$5,183,840

Statement_of_Cash_Flows

Statement of Cash Flows (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Cash flows from operating activities:	'	'
Net income attributable to common shareholders	$3,252,328	$9,265,631
Accretion of investments	-4,861,780	-998,853
Realized investment gains, net	-889,253	-14,305,312
Unrealized trading gains included in income	36,876	352,761
Realized trading (gains) losses included in income	288,631	-2,462,205
Amortization of deferred policy acquisition costs	56,432	62,048
Amortization of cost of insurance acquired	1,064,353	1,145,501
Depreciation	1,260,697	1,242,149
Net income attributable to noncontrolling interest	617,684	681,805
Charges for mortality and administration of universal life and annuity products	-6,885,257	-7,067,717
Interest credited to account balances	5,118,692	5,192,370
Change in accrued investment income (loss)	11,851	-1,308,049
Change in reinsurance receivables	1,116,386	3,756,502
Change in policy liabilities and accruals	-6,146,134	-4,987,472
Change in income taxes payable	-3,318,794	2,082,289
Change in other assets and liabilities, net	-1,666,512	-3,292,668
Net cash provided by (used in) operating activities	-10,943,800	-10,641,220
Cash flows from investing activities:	'	'
Fixed maturities available for sale	37,802,120	98,640,115
Equity securities available for sale	681,209	1,953,434
Trading securities	24,017,415	15,299,053
Mortgage loans	15,428,176	7,546,798
Discounted mortgage loans	17,424,049	6,533,313
Real estate	8,880,306	16,411,306
Policy loans	3,617,041	3,678,795
Total proceeds from investments sold and matured	107,850,316	150,062,814
Cost of investments acquired:	'	'
Fixed maturities available for sale	-34,443,048	-128,314,307
Equity securities available for sale	-10,428,300	-13,834,829
Trading securities	-24,105,644	-16,597,713
Mortgage loans	-4,539,234	-15,945,433
Discounted mortgage loans	-12,222,291	-6,299,298
Real estate	-13,014,568	-15,829,535
Policy loans	-2,886,428	-2,958,138
Short-term investments	-25,000	-6,268,320
Total cost of investments acquired	-101,664,513	-206,047,573
Disposal (purchase) of property and equipment	0	17,440
Net cash used in investing activities	6,185,803	-55,967,319
Cash flows from financing activities:	'	'
Policyholder contract deposits	5,798,948	6,006,858
Policyholder contract withdrawals	-5,311,025	-6,644,674
Proceeds from notes payable/line of credit	3,000,000	16,321,035
Payments of principal on notes payable/line of credit	-2,760,420	-6,994,726
Purchase of treasury stock	-286,988	-928,902
Proceeds from sale of subsidiary	0	0
Non-controlling distributions of consolidated subsidiary	834,854	-3,236,187
Cash received in reinsurance recapture	0	2,480,706
Net cash provided by (used in) financing activities	1,275,369	7,004,110
Net increase (decrease) in cash and cash equivalents	-3,482,628	-59,604,429
Cash and cash equivalents at beginning of period	23,321,246	82,925,675
Cash and cash equivalents at end of period	$19,838,618	$23,321,246

SUMMARY_OF_SIGNIFICANT_ACCOUNT

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2013
Summary of Significant Accounting Policies [Abstract]	'
Summary of Significant Accounting Policies	'
	Note 1 – Summary of Significant Accounting Policies
	Business – UTG, Inc. is an insurance holding company. The Company's dominant business is individual life insurance, which includes the servicing of existing insurance in-force and the acquisition of other companies in the life insurance business. UTG and its subsidiaries are collectively referred to as the "Company".
	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 December 31, 2013, Mr. Correll owns or controls directly and indirectly approximately  56.23% of UTG's outstanding stock.
	UTG's life insurance subsidiary 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 provided additional protection to the policyholders and to UG.
	Basis of Presentation – The accompanying consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America ("GAAP"), under guidance issued by the Financial Accounting Standards Board ("FASB").  The preparation of financial statements in accordance with GAAP requires Management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period.  Actual results could differ from those estimates.
	Principles of Consolidation – The accompanying consolidated financial statements include the accounts of the Registrant and its wholly and majority-owned subsidiaries.  All significant intercompany accounts and transactions have been eliminated during consolidation.
	Business Segments – The Company has only one business segment – life insurance.
	Investments – The Company reports its investments as follows:
	Fixed Maturity Investments – The Company classifies its fixed maturity investments, which include bonds, as available for sale. Investments classified as available for sale are carried at fair value with unrealized gains and losses, net of deferred taxes, reflected directly in accumulated other comprehensive income.  Premiums and discounts on debt securities purchased at other than par value are amortized and accreted, respectively, to interest income in the Consolidated Statements of Operations, using the constant yield method over the period to maturity.  Net realized gains and losses on sales of available for sale securities, and unrealized losses considered to be other-than-temporary, are recorded to net realized investment gains (losses) in the Consolidated Statements of Operations.
	Equity Securities – Investments in equity securities, which include common and preferred stocks, are reported at fair value with unrealized gains and losses, net of deferred taxes, reflected directly in accumulated other comprehensive income.
	Trading Securities – Trading security investments are reported at fair value with gains and losses resulting from changes in fair value recognized in earnings. Trading securities include exchange traded equities and exchange traded options.
	Mortgage Loans on Real Estate – Mortgage loans on real estate are reported at their unpaid principal balances, adjusted for amortization of premium or discount and valuation allowances. Valuation allowances are established for impaired loans when it is probable that contractual principal and interest will not be collected.
	Discounted Mortgage Loans on Real Estate – Discounted mortgage loans on real estate are loans that the Company purchased 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 adjusted for any principal receipts received.  Management works with the borrower to reach a settlement on the loan or they foreclose on the underlying collateral which is primarily commercial real estate.  For cash payments received during the work out process, the Company records these payments to interest income on a cash basis.  For loan settlements reached, the Company records the amount in excess of the carrying amount of the loan as a discount accretion to investment income at the closing date.  Management reviews the discount loan portfolio regularly for impairment.  If an impairment is identified (after consideration of the underlying collateral), the Company records an impairment to earnings in the period the information becomes known.
	Investment Real Estate – Investment real estate held for sale is reported at the lower of cost or fair value less cost to sell. Expenses to maintain the property are expensed as incurred.
	Policy Loans – Policy loans are reported at their unpaid balances, including accumulated interest, but not in excess of the cash surrender value of the related policy.
	Short-Term Investments – Short-term investments are reported at amortized cost, which approximates fair value.
	Gains and Losses – Realized gains and losses include sales of investments and investment impairments.  If any, other-than-temporary impairments in fair value are recognized in net income on the specific identification basis.
	Fair Value – Fair values for cash, short-term investments, short-term debt, receivables and payables approximate carrying value. Fair values for fixed maturities, equity securities and certain other assets are determined in accordance with specific accounting guidance.  Fair values are based on quoted market prices, where available.  Otherwise, fair values are based on quoted market prices of comparable instruments in active markets, quotes in inactive markets, or other observable criteria. Mortgage loans on real estate are estimated using discounted cash flow analyses. Discounted mortgage loans on real estate are reported at original purchase price, which Management believes approximates fair value.  For more specific information regarding the Company's measurements and procedures in valuing financial instruments, see Note 3 – Fair Value Measurements.
	Impairment of Investments – The Company evaluates its investment portfolio for other-than-temporary impairments as described in Note 2 – Investments.  If a security is deemed to be other-than-temporarily impaired, the cost basis of the security is written down to fair value and is treated as a realized loss.
	Current accounting guidance states that if an entity intends to sell or if it is more likely than not that it will be required to sell an impaired security prior to recovery of its cost basis, the security is to be considered other-than-temporarily impaired and the full amount of impairment must be charged to earnings.  Otherwise, losses on fixed maturities which are other-than-temporarily impaired are separated into two categories, the portion of the loss which is considered credit loss and the portion of the loss which is due to other factors.  The credit loss portion is charged to earnings while the loss due to other factors is charged to other comprehensive income.
	Cash Equivalents – The Company considers certificates of deposit and other short-term instruments with an original purchased maturity of three months or less to be cash equivalents.
	Cash – Cash consists of balances on hand and on deposit in banks and financial institutions.
	Reinsurance - In the normal course of business, the Company seeks to limit its exposure to loss on any single insured and to recover a portion of benefits paid by ceding reinsurance to other insurance enterprises or reinsurers under excess coverage and coinsurance contracts.  The Company retains a maximum of  $125,000 of coverage per individual life.
	Reinsurance receivables are recognized in a manner consistent with the liabilities relating to the underlying reinsured contracts.  The cost of reinsurance related to long-duration contracts is accounted for over the life of the underlying reinsured policies using assumptions consistent with those used to account for the underlying policies.
	Cost of Insurance Acquired - When an insurance company is acquired, the Company assigns a portion of its cost to the right to receive future cash flows from insurance contracts existing at the date of the acquisition.  The cost of policies purchased represents the actuarially determined present value of the projected future profits from the acquired policies.  Cost of insurance acquired is amortized with interest in relation to expected future profits, including direct charge-offs for any excess of the unamortized asset over the projected future profits.  The amortization is adjusted retrospectively when estimates of current or future gross profits to be realized from a group of products are revised.
	Deferred Policy Acquisitions Costs - Commissions and other costs (salaries of certain employees involved in the underwriting and policy issue functions and medical and inspection fees) of acquiring life insurance products that vary with and are primarily related to the production of new business have been deferred. Deferred acquisition costs are amortized in a systematic manner which matches these costs with the associated revenues.
	Property and Equipment - Company-occupied property, data processing equipment and furniture and office equipment are stated at cost less accumulated depreciation of  $3,559,052 and $3,399,309 at December 31, 2013 and 2012, respectively. Depreciation is computed on a straight-line basis for financial reporting purposes using estimated useful lives of  three to thirty years.  Depreciation expense was $159,743 and $168,442 for the years ended December 31, 2013 and 2012, respectively.
	Future Policy Benefits and Expenses - The liabilities for traditional life insurance and accident and health insurance policy benefits are computed using a net level method. These liabilities include assumptions as to investment yields, mortality, withdrawals, and other assumptions based on the life insurance subsidiary's experience adjusted to reflect anticipated trends and to include provisions for possible unfavorable deviations. The Company makes these assumptions at the time the contract is issued or, in the case of contracts acquired by purchase, at the purchase date.  Future policy benefits for individual life insurance and annuity policies are computed using interest rates ranging from  2% to 6% for life insurance and 2.5% to 9.25% for annuities. Benefit reserves for traditional life insurance policies include certain deferred profits on limited-payment policies that are being recognized in income over the policy term. Policy benefit claims are charged to expense in the period that the claims are incurred. Current mortality rate assumptions are based on 1975-80 select and ultimate tables. Withdrawal rate assumptions are based upon Linton B or C, which are industry standard actuarial tables for forecasting assumed policy lapse rates.
	Benefit reserves for universal life insurance and interest sensitive life insurance products are computed under a retrospective deposit method and represent policy account balances before applicable surrender charges.  Policy benefits and claims that are charged to expense include benefit claims in excess of related policy account balances.  Interest crediting rates for universal life and interest sensitive products range from 4.0% to 5.5% as of December 31, 2013 and 2012.
	Policy Claims and Benefits Payable - Policy and contract claims include provisions for reported claims in process of settlement, valued in accordance with the terms of the policies and contracts, as well as provisions for claims incurred and unreported. The estimate of incurred and unreported claims is based on prior experience. The Company makes an estimate after careful evaluation of all information available to the Company.  There is no certainty the stated liability for policy claims and benefits payable, including the estimate for incurred but unreported claims, will be the Company's ultimate obligation.
	Income Taxes – Income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement book values and tax bases of assets and liabilities.  Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled.  The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date.  More information concerning income taxes is provided in Note 6 – Income Taxes.
	Earnings Per Share – The objective of both basic earnings per share ("EPS") and diluted EPS is to measure the performance of an entity over the reporting period.  The Company presents basic and diluted EPS on the face of the Consolidated Statements of Operations. Basic EPS is computed by dividing income available to common shareholders by the weighted average common shares outstanding for the period.  Diluted EPS is calculated by adding to shares outstanding the additional net effect of potentially dilutive securities or contracts, such as stock options, which could be exercised or converted into common shares.
	Recognition of Revenues and Related Expenses - Premiums for traditional life insurance products, which include those products with fixed and guaranteed premiums and benefits, consist principally of whole life insurance policies, and certain annuities with life contingencies are recognized as revenues when due. Limited payment life insurance policies defer gross premiums received in excess of net premiums, which is then recognized in income in a constant relationship with insurance in-force. Accident and health insurance premiums are recognized as revenue pro rata over the terms of the policies. Benefits and related expenses associated with the premiums earned are charged to expense proportionately over the lives of the policies through a provision for future policy benefit liabilities and through deferral and amortization of deferred policy acquisition costs. For universal life and investment products, generally there is no requirement for payment of premium other than to maintain account values at a level sufficient to pay mortality and expense charges. Consequently, premiums for universal life policies and investment products are not reported as revenue, but as deposits. Policy fee revenue for universal life policies and investment products consists of charges for the cost of insurance and policy administration fees assessed during the period. Expenses include interest credited to policy account balances and benefit claims incurred in excess of policy account balances.
	Recently Issued Accounting Standards
	Income Taxes – In July 2013, the Financial Accounting Standards Board ("FASB") issued guidance providing specific financial statement presentation requirements of an unrecognized tax benefit when a net operating loss carryforward, a similar tax loss, or a tax credit carryforward exists. The guidance states that an unrecognized tax benefit in those circumstances should be presented as a reduction to the deferred tax asset.  This guidance is effective for fiscal years, and interim periods within those years, beginning after December 15, 2013. Early adoption is permitted.  The adoption of this guidance is not expected to have a material impact on the Company's consolidated financial statements.
	Comprehensive Income - In February 2013, the 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	12 Months Ended
	Dec. 31, 2013
INVESTMENTS [Abstract]	'
INVESTMENTS	'
	Note 2 – Investments
	Available for Sale Securities – Fixed Maturity and Equity Securities
	The following tables provide a summary of fixed maturities available for sale and equity securities by original or amortized cost and estimated fair value:
	31-Dec-13		Original or Amortized			Gross			Gross			Estimated
			Cost			Unrealized			Unrealized			Fair
						Gains			Losses			Value
	Investments available for sale:
	Fixed maturities
	U.S. Government and govt. agencies and authorities		$	32,963,938		$	3,156,158		$	-107,550		$	36,012,546
	States, municipalities and political subdivisions			110,000			0			-924			109,076
	U.S. special revenue and assessments			2,152,892			95,763			-239,620			2,009,035
	Collateralized mortgage obligations			1,289,975			116,900			-13			1,406,862
	Public utilities			399,913			49,567			0			449,480
	All other corporate bonds			134,168,678			3,483,229			-3,229,082			134,422,825
				171,085,396			6,901,617			-3,577,189			174,409,824
	Equity securities			38,625,230			1,889,748			0			40,514,978
	Total		$	209,710,626		$	8,791,365		$	-3,577,189		$	214,924,802
	31-Dec-12		Original or Amortized			Gross			Gross			Estimated
			Cost			Unrealized			Unrealized			Fair
						Gains			Losses			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 following table provides a summary of fixed maturities by contractual maturity as of  December 31, 2013.  Actual maturities could differ from contractual maturities due to call or prepayment provisions:
	Fixed Maturities Available for Sale		Amortized			Estimated
	31-Dec-13		Cost			Fair Value
	Due in one year or less		$	574,145		$	584,549
	Due after one year through five years			21,161,153			22,675,320
	Due after five years through ten years			101,700,702			104,365,569
	Due after ten years			46,212,444			45,228,525
	Collateralized mortgage obligations			1,436,952			1,555,861
	Total		$	171,085,396		$	174,409,824
	By insurance statute, the majority of the Company's investment portfolio is invested in investment grade securities to provide ample protection for policyholders.
	Below investment grade debt securities generally provide higher yields and involve greater risks than investment grade debt securities because their issuers typically are more highly leveraged and more vulnerable to adverse economic conditions than investment grade issuers.  In addition, the trading market for these securities is usually more limited than for investment grade debt securities.  Debt securities classified as below-investment grade are those that receive a Standard & Poor's rating of BB+ or below.
	The Company held below investment grade investments with an estimated market value of  $13,842,824 and $19,080,167 as of December 31, 2013 and 2012, respectively.  The investments are all classified as "All other corporate bonds".
	The fair value of investments with sustained gross unrealized losses at December 31, 2013 and 2012 are as follows:
	31-Dec-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		$	4,889,060		-107,550		$	0		0		$	4,889,060	-107,550
	States, municipalities and political subdivisions			109,076		-924			0		0			109,076	-924
	U.S. special revenue and assessments			747,700		-239,620			0		0			747,700	-239,620
	Collateralized mortgage obligations			1,922		-13			0		0			1,922	-13
	All other corporate bonds			49,430,637		-1,481,562			7,318,832		-1,747,520			56,749,469	-3,229,082
	Total fixed maturities		$	55,178,395		-1,829,669		$	7,318,832		-1,747,520		$	62,497,227	-3,577,189
	Equity securities		$	0		0		$	0		0		$	0	0
	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
	The following table provides additional information regarding the number of securities that were in an unrealized loss position for greater than or less than twelve months:
		Less than 12 months		12 months or longer		Total
	As of December 31, 2013
	Fixed maturities	30		5		35
Equity securities	0		0		0
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 December 31, 2013 and 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 December 31, 2013 and 2012.
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 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 December 31, 2013 was  $194,000 and $(353,907), 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.  The derivatives held by the Company are for income generation purposes only.
Earnings from trading securities are classified in cash flows from operating activities.
The following table reflects trading securities revenue charged to net investment income for the periods ended December 31:
	2013			2012
Net unrealized gains (losses)	$	-36,876		$	-352,761
Net realized gains (losses)		35,932			2,918,279
Net unrealized and realized gains (losses)	$	-944		$	2,565,518
Mortgage Loans and Discounted Mortgage Loans on Real Estate
The Company, from time to time, acquires mortgage loans through participation agreements with FSNB.  FSNB has been able to provide the Company with additional expertise and experience in underwriting commercial and residential mortgage loans, which provide more attractive yields than the traditional bond market.  The Company is able to receive participations from FSNB for three primary reasons:  1) FSNB has already reached its maximum lending limit to a single borrower, but the borrower is still considered a suitable risk; 2) the interest rate on a particular loan may be fixed for a long period that is more suitable for UG given its asset-liability structure; and 3) FSNB's loan growth might at times outpace its deposit growth, resulting in FSNB participating such excess loan growth rather than turning customers away.  For originated loans, the Company's Management is responsible for the final approval of such loans after evaluation.  Before a new loan is issued, the applicant is subject to certain criteria set forth by Company Management to ensure quality control.  These criteria include, but are not limited to, a credit report, personal financial information such as outstanding debt, sources of income, and personal equity.  Once the loan is approved, the Company directly funds the loan to the borrower.  The Company bears all risk of loss associated with the terms of the mortgage with the borrower.
The Company began purchasing discounted commercial mortgage loans in 2009.  Management has extensive background and experience in the analysis and valuation of commercial real estate. The discounted loans are available through the FDIC's sale of assets of closed banks and from banks wanting to reduce their loan portfolios.  The loans are available on a loan by loan bid process.  Once a loan has been acquired, contact is made with the appropriate individuals to begin a dialog with a goal of determining the borrower's willingness to work together.  There are generally three paths a discounted loan will take:  the borrowers pay as required; a settlement is reached with the loan being paid off at a discounted value; or the loan is foreclosed.
During 2013 and 2012, the Company acquired $16,761,525 and $22,244,731 in mortgage loans, respectively, including both regular participation mortgage loans as well as discounted mortgage loans.  FSNB services the mortgage loan portfolio of the Company.  The Company pays FSNB a .25% servicing fee on these loans and a one-time fee at loan origination of .50% of the original loan amount to cover costs incurred by FSNB relating to the processing and establishment of the loan.
During 2013 and 2012, the maximum and minimum lending rates for mortgage loans were:
	2013				2012
	Maximum		Minimum		Maximum		Minimum
	rate		rate		rate		rate
Commercial Loans	10.00%		3.25%		10.00%		3.21%
Residential Loans	8.00%		7.00%		8.00%		6.00%
Most mortgage loans are first position loans.  Loans issued are generally limited to no more than 80% of the appraised value of the property.
The Company has in place a monitoring system to provide Management with information regarding potential troubled loans.  Letters are sent to each mortgagee when the loan becomes 30 days or more delinquent.  Management is provided with a monthly listing of loans that are 60 days or more past due along with a brief description of what steps are being taken to resolve the delinquency.  All loans 90 days or more past due are placed on a non-performing status and classified as delinquent loans.  Quarterly, coinciding with external financial reporting, the Company reviews each delinquent loan and determines how each delinquent loan should be classified.  Management believes the current internal controls surrounding the mortgage loan selection process provide a quality portfolio with minimal risk of foreclosure and/or negative financial impact.
Management has conservatively decided to place the loans in the discounted mortgage loan portfolio on a non-accrual status, due to the instability of the borrowers.
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 acquired 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 not currently paying are being vigorously worked by Management.  The current discounted commercial mortgage loan portfolio has an average price of 33.6 % 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.  The mortgage loan reserve was $0 at December 31, 2013 and 2012.
The following table summarizes the number loans held in the discounted mortgage loan portfolio and the carrying value of the loans as of December 31, 2013:
		Number of Loans		Carrying
Payment Frequency				Value
No payments received		9		$	56,576
One-time payment received		1			0
Irregular payments received		4			1,555,962
Periodic payments received		16			11,218,197
Total		30		$	12,830,735
The following table summarizes discounted mortgage loan holdings of the Company for the periods ended December 31:
	2013			2012
In good standing	$	1,493,437		$	3,945,701
Overdue interest over 90 days		4,875,812			3,368,750
Restructured		4,037,814			7,685,690
In process of foreclosure		2,423,672			11,336,812
Total discounted mortgage loans	$	12,830,735		$	26,336,953
Total foreclosed discounted mortgage loans during the year	$	6,294,403		$	2,603,017
Investment Real Estate
Real estate acquired through foreclosure, consisting of properties obtained through foreclosure proceedings or acceptance of a deed in lieu of foreclosure, is reported on an individual asset basis at the lower of cost or fair value, less disposal costs. Fair value is determined on the basis of current appraisals, comparable sales, and other estimates of value obtained principally from independent sources. When properties are acquired through foreclosure, any excess of the loan balance at the time of foreclosure over the fair value of the real estate held as collateral is recognized and charged to the income statement. Based upon Management's evaluation of the real estate acquired through foreclosure, additional expense is recorded when necessary in an amount sufficient to reflect any declines in estimated fair value. Gains and losses recognized on the disposition of the properties are recorded as realized gains and losses in the consolidated statements of income.
Analysis of Investment Operations
The following table reflects the Company's net investment income for the periods ended December 31:
	2013			2012
Fixed maturities	$	8,060,930		$	7,490,812
Equity securities		2,955,918			1,745,375
Trading securities		-944			2,565,518
Mortgage loans		888,960			1,022,895
Discounted mortgage loans		7,672,483			4,186,155
Real estate		9,967,590			8,384,417
Policy loans		782,358			809,885
Cash and cash equivalents		1,060			7,647
Total consolidated investment income		30,328,355			26,212,704
Investment expenses		-8,064,520			-7,693,447
Consolidated net investment income	$	22,263,835		$	18,519,257
The following table reflects the Company's net realized investments gains and losses for the periods ended December 31:
2013		Gross			Gross			Net
		Realized			Realized			Realized
		Gains			(Losses)			Gains (Losses)
Fixed maturities		$	1,631,590		$	-33,898		$	1,597,692
Real estate			691,762			-254,430			437,332
Common stock			76,973			-10,245			66,728
Preferred stock			411			0			411
Mortgage loans			0			-11,135			-11,135
Real Estate – OTTI			0			-201,775			-201,775
Common stock – OTTI			0			-1,000,000			-1,000,000
Total realized gains (losses)		$	2,400,736		$	-1,511,483		$	889,253
2012		Gross			Gross			Net
		Realized			Realized			Realized
		Gains			(Losses)			Gains (Losses)
Fixed maturities		$	9,816,015		$	-409,745		$	9,406,270
Real estate			4,533,747			-14,194			4,519,553
Common stock			566,894			0			566,894
Fixed maturities – OTTI			0			-12,680			-12,680
Common stock – OTTI			0			-174,725			-174,725
Total realized gains (losses)		$	14,916,656		$	-611,344		$	14,305,312
Other-Than-Temporary Impairments
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 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 Consolidated Statements of Operations.
Management regularly reviews its real estate portfolio in comparison to appraisal valuations and current market conditions for indications of other-than-temporary impairments. If a decline in value is judged by Management to be other-than-temporary, a loss is recognized by a charge to other-than-temporary impairment losses in the 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 Consolidated Statements of Operations for the periods ended December 31:
	2013			2012
Other than temporary impairments:
Common stock	$	1,000,000		$	174,725
Real estate		201,775			0
States, municipalities and political subdivisions		0			12,680
Total other than temporary impairments	$	1,201,775		$	187,405
The other-than-temporary impairments recognized during 2013 and 2012 were taken as a result of Management's assessment and consideration of the length of time the securities have remained in an unrealized loss position and as a result of appraisal valuations.  The investments were written down to better reflect their current expected market value.
Investments on Deposit
The Company had investments with a fair value of $10,824,094 and $11,660,630 on deposit with various state insurance departments as of December 31, 2013 and 2012, respectively.

FAIR_VALUE_MEASUREMENTS

FAIR VALUE MEASUREMENTS	12 Months Ended
	Dec. 31, 2013
FAIR VALUE MEASUREMENTS [Abstract]	'
FAIR VALUE MEASUREMENTS	'
	Note 3 – 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 and financial institutions. 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 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 following table presents the Company's assets and liabilities measured at fair value in the consolidated balance sheet on a recurring basis as of December 31, 2013.
		Level 1		Level 2		Level 3		Total
	Assets
	Fixed Maturities, available for sale	$	19,407,301	$	154,688,710	$	313,813	$	174,409,824
	Equity Securities, available for sale		1,643,803		6,774,589		32,096,586		40,514,978
	Trading Securities		6,614,111		0		0		6,614,111
	Total	$	27,665,215	$	161,463,299	$	32,410,399	$	221,538,913
	Liabilities
	Trading Securities	$	357,439	$	0	$	0	$	357,439
	The following table presents the Company's assets and liabilities measured at fair value in the 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
	Transfers in to Level 3		0		0		0
	Total unrealized gain or (losses):
	Included in other comprehensive income		40,086		713,352		753,438
	Purchases		0		8,419,519		8,419,519
	Balance at December 31, 2013	$	313,813	$	32,096,586	$	32,410,399
	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. The Company computed fair value of Level 3 equity investments based on a review of current financial information, earnings trends and similar companies in the same industries.
	There were no transfers in or out of Level 3 as of December 31, 2013.  Transfers occur when there is a lack of observable market information.
	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 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 Consolidated Balance Sheets are shown below. Because the fair value for all 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.
		31-Dec-13				31-Dec-12
		Carrying		Estimated		Carrying		Estimated
		Amount		Fair		Amount		Fair
	Assets			Value				Value
	Mortgage loans on real estate	$	14,454,534	$	14,734,756	$	17,671,554	$	17,803,159
	Discounted mortgage loans		12,830,735		12,830,735		26,336,953		26,336,953
	Investment real estate		83,585,359		83,585,359		68,165,013		68,165,013
	Policy loans		11,860,960		11,860,960		12,591,572		12,591,572
	Cash and cash equivalents		19,838,618		19,838,618		23,321,246		23,321,246
	Short term investments		0		0		6,268,320		6,268,320
	Liabilities
	Notes payable		19,097,534		19,097,534		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.

REINSURANCE

REINSURANCE	12 Months Ended
	Dec. 31, 2013
REINSURANCE [Abstract]	'
REINSURANCE	'
	Note 4 - Reinsurance
	As is customary in the insurance industry, the insurance subsidiary cedes insurance to, and assumes insurance from, other insurance companies under reinsurance agreements.  Reinsurance agreements are intended to limit a life insurer's maximum loss on a large or unusually hazardous risk or to obtain a greater diversification of risk.  The ceding insurance company remains primarily liable with respect to ceded insurance should any reinsurer be unable to meet the obligations assumed by it.  However, it is the practice of insurers to reduce their exposure to loss to the extent that they have been reinsured with other insurance companies.  The Company sets a limit on the amount of insurance retained on the life of any one person.  The Company will not retain more than $125,000, including accidental death benefits, on any one life.  At December 31, 2013, the Company had gross insurance in-force of $1.5 billion of which approximately $313 million was ceded to reinsurers.  At December 31, 2012, the Company had gross insurance in-force of $1.6 billion of which approximately $335 million was ceded to reinsurers.
	The Company's reinsured business is ceded to numerous reinsurers.  The Company monitors the solvency of its reinsurers in seeking to minimize the risk of loss in the event of a failure by one of the parties.  The Company is primarily liable to the insureds even if the reinsurers are unable to meet their obligations.  The primary reinsurers of the Company are large, well-capitalized entities.
	Most recently, UG utilized reinsurance agreements with Optimum Re Insurance Company ("Optimum"), and Swiss Re Life and Health America Incorporated ("SWISS RE").  Optimum and SWISS RE currently hold an "A-" (Excellent) and "A+" (Superior) rating, respectively, from A.M. Best, an industry rating company.  The reinsurance agreements were effective December 1, 1993, and covered most new business of UG.  Under the terms of the agreements, UG cedes risk amounts above its retention limit of  $100,000 with a minimum cession of $25,000.  Ceded amounts are shared equally between the two reinsurers on a yearly renewable term ("YRT") basis, a common industry method.  The treaty is self-administered; meaning the Company records the reinsurance results and reports them to the reinsurers.
	Also, Optimum is the reinsurer of 100% of the accidental death benefits ("ADB") in force of UG.  This coverage is renewable annually at the Company's option.  Optimum specializes in reinsurance agreements with small to mid-size carriers such as UG.
	UG entered into a coinsurance agreement with Park Avenue Life Insurance Company ("PALIC") effective September 30, 1996.  Under the terms of the agreement, UG ceded to PALIC substantially all of its then in-force paid-up life insurance policies.  Paid-up life insurance generally refers to non-premium paying life insurance policies.  Under the terms of the agreement, UG sold 100% of the future results of this block of business to PALIC through a coinsurance agreement.  UG continues to administer the business for PALIC and receives a servicing fee through a commission allowance based on the remaining in-force policies each month.  PALIC has the right to assumption reinsure the business, at its option, and transfer the administration.  The Company is not aware of any such plans.  PALIC and its ultimate parent, The Guardian Life Insurance Company of America ("Guardian"), currently hold an "A" (Excellent) and "A++" (Superior) rating, respectively, from A.M. Best.  The PALIC agreement accounts for approximately 62% and 63% of UG's reinsurance reserve credit, as of December 31, 2013 and 2012, respectively.
	At December 31, 1992, UG (formerly American Capitol) entered into a reinsurance agreement with Canada Life Assurance Company ("the Canada Life agreement") that fully reinsured virtually all of its traditional life insurance policies. The reinsurer's obligations under the Canada Life agreement were secured by assets withheld by UG representing policy loans and deferred and uncollected premiums related to the reinsured policies. UG continues to administer the reinsured policies. At December 31, 2013, the Canada Life agreement has insurance in-force of approximately $6,815,000, with no reserve credit being taken on that amount.  At December 31, 2012, the Canada Life agreement had insurance in-force of approximately  $7,433,000, with no reserve credit being taken on that amount.
	The Canada Life agreement was fully repaid in August 2012. With the reinsurance recaptured by the Company, a 15% profit share will continue to be paid to the reinsurer going forward relative to the block of business.  As a result of the reinsurance being repaid, the Company recognized assets in exchange for reducing its reinsurance recoverable.  See Note 12 – Other Cash Flow Disclosures for additional information regarding the reinsurance recapture.
	On September 30, 1998, UG entered into a coinsurance agreement with The Independent Order of Vikings, (IOV) an Illinois fraternal benefit society.  Under the terms of the agreement, UG agreed to assume, on a coinsurance basis, 25% of the reserves and liabilities arising from all in-force insurance contracts issued by the IOV to its members.  At December 31, 2013, the IOV insurance in-force assumed by UG was approximately $1,551,000, with reserves being held on that amount of approximately $350,000.  At December 31, 2012, the IOV insurance in-force assumed by UG was approximately $1,579,000, with reserves being held on that amount of approximately $358,000.
	The Company does not have any short-duration reinsurance contracts.  The effect of the Company's long-duration reinsurance contracts on premiums earned in 2013 and 2012 were as follows:
		2013		2012
		Premiums		Premiums
		Earned		Earned
	Direct	$	12,361,000	$	13,242,000
	Assumed		31,000		35,000
	Ceded		-3,215,000		-3,366,000
	Net Premiums	$	9,177,000	$	9,911,000

COST_OF_INSURANCE_ACQUIRED

COST OF INSURANCE ACQUIRED	12 Months Ended
	Dec. 31, 2013
Cost of Insurance Acquired [Abstract]	'
Schedule of cost of insurance acquired	'
	Note 5 – Cost of Insurance Acquired
	When an insurance company is acquired, the Company assigns a portion of its cost to the right to receive future cash flows from insurance contracts existing at the date of the acquisition.  The cost of policies purchased represents the actuarially determined present value of the projected future profits from the acquired policies.  Cost of insurance acquired is amortized with interest in relation to expected future profits, including direct charge-offs for any excess of the unamortized asset over the projected future profits.  The interest rates utilized may vary due to differences in the blocks of business.  The interest rate utilized in the amortization calculation of the remaining cost of insurance acquired is 12%. The amortization is adjusted retrospectively when estimates of current or future gross profits to be realized from a group of products are revised.
		2013			2012
	Cost of insurance acquired, beginning of year	$	11,700,765		$	12,846,266
	Interest accretion		1,426,703			1,564,162
	Amortization		-2,491,056			-2,709,663
	Net amortization		-1,064,353			-1,145,501
	Cost of insurance acquired, end of year	$	10,636,412		$	11,700,765
	Estimated net amortization expense of cost of insurance acquired for the next five years is as follows:
		Interest		Amortization		Net
		Accretion				Amortization
	2014	1,299,000		2,285,000		986,000
	2015	1,181,000		2,088,000		907,000
	2016	1,072,000		1,945,000		873,000
	2017	967,000		1,806,000		839,000
	2018	866,000		1,672,000		806,000

INCOME_TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2013
INCOME TAXES [Abstract]	'
INCOME TAXES	'
	Note 6 – Income Taxes
	UTG and UG file separate federal income tax returns.
	Income tax expense (benefit) consists of the following components:
		2013		2012
	Current tax	$	87,815	$	5,716,480
	Deferred tax		693,109		-222,098
		$	780,924	$	5,494,382
	The expense for income differed from the amounts computed by applying the applicable United States statutory rate of 35% before income taxes as a result of the following differences:
		2013		2012
	Tax computed at statutory rate	$	1,627,828	$	5,404,636
	Changes in taxes due to:
	Non-controlling interest		-216,189		-238,632
	Small company deduction		-437,070		0
	Other		-193,645		328,378
	Income tax expense (benefit)	$	780,924	$	5,494,382
	The following table summarizes the major components that comprise the deferred tax liability as reflected in the balance sheets:
		2013		2012
	Investments	$	2,202,177	$	4,644,740
	Cost of insurance acquired		3,722,744		4,095,268
	Deferred policy acquisition costs		129,425		149,176
	Management/consulting fees		-63,665		-66,344
	Future policy benefits		2,038,699		2,137,835
	Deferred gain on sale of subsidiary		2,312,483		2,312,483
	Other assets (liabilities)		66,732		-63,967
	Federal tax DAC		-774,954		-907,614
	Deferred tax liability	$	9,633,641	$	12,301,577
	At December 31, 2013 and 2012, respectively, the Company had gross deferred tax assets of $2,562,650 and $2,793,932, respectively, and gross deferred tax liabilities of $12,196,291 and $15,095,509, respectively, resulting from temporary differences primarily related to the life insurance subsidiary.  A valuation allowance is to be provided when it is more likely than not that deferred tax assets will not be realized by the Company. No valuation allowance has been recorded relating to the Company's deferred tax assets since, in Management's judgment, the Company will more likely than not have sufficient taxable income in future periods to fully realize its existing deferred tax assets.
	The Company's Federal income tax returns are periodically audited by the Internal Revenue Service ("IRS").  In February 2011, the IRS audited UTG's 2009 federal income tax return.  The examination was closed with no adjustments to the return.  There are currently no examinations in process, nor is Management aware of any pending examination by the IRS.  The statutes of limitation for the assessments of additional tax are closed for all tax years prior to 2010.  Management believes that adequate provision has been made in the consolidated financial statements for any potential assessments that may result from future tax examinations and other tax-related matters for all open tax years.
	The Company classifies interest and penalties on underpayment of income taxes as income tax expense.  No interest or penalties were included in the reported income taxes for the years presented.  The Company is not aware of any potential or proposed changes to any of its tax filings.

CREDIT_ARRANGEMENTS

CREDIT ARRANGEMENTS	12 Months Ended
	Dec. 31, 2013
NOTES PAYABLE [Abstract]	'
CREDIT ARRANGEMENTS	'
	Note 7 – Credit Arrangements
	At December 31, 2013 and 2012, the Company had the following outstanding debt:
						Outstanding Principal Balance
	Instrument	Issue		Maturity Date		31-Dec-13			31-Dec-12
		Date
	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	31-Dec-13
	Lines of Credit:
	UTG		11/20/13		11/20/14		$	8,000,000		$	1,655,035	3,000,000	2,557,501	$	2,097,534
	UTG Avalon		1/3/13		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		12/5/14			15,000,000			0	0	0		0
	The HPG Acquisitions promissory note issued on February 7, 2007 carried interest at a fixed rate of 5%. This promissory note was fully repaid during 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 8 for further information regarding this matter.
	The UTG Avalon line of credit issued on January 3, 2013 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% with  interest 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 Company had no borrowings on this line of credit during 2013 or 2012.
	The consolidated scheduled principal reductions on the notes payable for the next five years are as follows:
	Year		Amount
	2014		$	7,097,534
	2015			345,459
	2016			478,193
	2017			499,278
	2018			10,677,070

COMMITMENTS_AND_CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Dec. 31, 2013
COMMITMENTS AND CONTINGENCIES [Abstract]	'
COMMITMENTS AND CONTINGENCIES	'
	Note 8 – 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 material 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 remained contingently liable through December 30, 2013 for certain costs pending the outcome of an ongoing race-based audit of Texas Imperial Life Insurance Company by the Texas Department of Insurance. Management had conservatively estimated the Company's exposure and other costs at $50,000 based on information provided to date from the examination team. The Company carried a contingent liability of $47,727 in its financial statements as of December 31, 2012.  Upon expiration of the contingency, the Company's contingent liability was reduced to $0 at December 31, 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 would 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 7.
	The following table represents the total funding commitments and the unfunded commitment as of December 31, 2013 related to certain investments:
		Total Funding		Unfunded
		Commitment		Commitment
	RLF III, LLC	$	4,000,000	$	398,120
	Llano Music, LLC		2,000,000		257,000
	Marcellus HBPI, LP		1,800,000		141,300
	PBEX, LLC		5,600,000		1,400,000
	Sovereign's Capital, LP		500,000		250,000
	MM-Appalachia IV, LP		2,475,000		1,815,000
	During 2006, the Company committed to invest in RLF III, LLC ("RLF"), which makes land-based investment in undervalued assets. RLF makes 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 makes capital calls to its investors as funds are needed to acquire the royalty rights.
	During 2012, the Company committed to invest in Marcellus HBPI, LP, which purchases land for leasing opportunities to those looking to harvest natural resources. Marcellus HPBI, LP makes 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 makes 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.
	During 2013, the Company committed to invest in MM-Appalachia IV, LP, which purchases land for leasing opportunities to those looking to harvest natural resources. MM-Appalachia IV, LP makes capital calls to investors as funds are needed for continued land purchases.

SHAREHOLDERS_EQUITY

SHAREHOLDERS' EQUITY	12 Months Ended
	Dec. 31, 2013
CAPITAL STOCK TRANSACTIONS [Abstract]	'
CAPITAL STOCK TRANSACTIONS	'
	Note 9 – Shareholders' Equity
	Stock Repurchase Program – The Board of Directors of UTG has authorized the repurchase in the open market or in privately negotiated transactions of UTG's common stock. The Board of Directors approved resolutions for a total repurchase of $6 million.  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 2013, the Company repurchased 25,836 shares through the stock repurchase program for $320,980.   Through December 31, 2013, UTG has spent $4,932,675 in the acquisition of 588,526 shares under this program.
	Executive Compensation – In December 2012, the Company issued 16,225 shares of its common stock to certain members of management as part of year-end bonuses based on 2012 operating results.  The shares were valued at $13.25 per share, the market value at the date of issue.  During 2012, the Company recorded $214,981 in operating expenses related to this stock issuance.
	Director Compensation - Effective September 18, 2013, each outside Director will annually receive $8,000 as a retainer and $1,000 per meeting attended.  The compensation, however, shall be paid in UTG common stock.  The value will be determined annually on the close of business December 20th or the next business day should December 20th be a weekend or holiday, based on the activity of the year just ending.  UTG's director compensation policy also provides that Directors who are employees of UTG or its affiliates do not receive any compensation for their services as Directors except for reimbursement for reasonable travel expenses for attending each meeting.  In December 2013, the Company issued 3,162 shares of its common stock as compensation to the Directors.  The shares were valued at $10.75 per share, the market value at the date of issue.  During 2013, the Company record $33,992 in operating expense related to this stock issuance.
	Earnings Per Share - The following is a reconciliation of basic and diluted weighted average shares outstanding used in the computation of basic and diluted earnings per share:
		2013	2012
	Basic weighted average shares outstanding	3,787,913	3,809,639
	Weighted average dilutive options outstanding	0	0
	Diluted weighted average shares outstanding	3,787,913	3,809,639
	The computation of diluted earnings per share is the same as basic earnings per share for the years ending December 31, 2013 and 2012, as there were no outstanding securities, options or other offers that give the right to receive or acquire common shares of UTG.
	Statutory Restrictions – Restrictions exist on the flow of funds to UTG from its insurance subsidiary.  Statutory regulations require life insurance subsidiaries to maintain certain minimum amounts of capital and surplus. UG is required to maintain minimum statutory surplus of $2,500,000. At December 31, 2013, substantially all of the consolidated shareholders' equity represents net assets of UTG's subsidiaries.
	UG is domiciled in the state of Ohio. Ohio requires notification within five business days to the insurance commissioner following the declaration of any ordinary dividend and at least ten calendar days prior to payment of such dividend.  Ordinary dividends are defined as the greater of: a) prior year statutory net income or b) 10% of statutory capital and surplus.  Extraordinary dividends (amounts in excess of ordinary dividend limitations) require prior approval of the insurance commissioner and are not restricted to a specific calculation.  UG paid ordinary dividends of $2,700,000 and $3,316,722 to UTG in 2013 and 2012, respectively. No extraordinary dividends were paid during the two year period.

STATUTORY_ACCOUNTING

STATUTORY ACCOUNTING	12 Months Ended
	Dec. 31, 2013
SHAREHOLDERS DIVIDEND RESTRICTION AND MINIMUM STATUTORY CAPITAL [Abstract]	'
SHAREHOLDERS DIVIDEND RESTRICTION AND MINIMUM STATUTORY CAPITAL	'
	Note 10 - Statutory Accounting
	The insurance subsidiary prepares its statutory-based financial statements in accordance with accounting practices prescribed or permitted by the Ohio Department of Insurance.  These principles differ significantly from accounting principles generally accepted in the United States of America.  "Prescribed" statutory accounting practices include state laws, regulations, and general administrative rules, as well as a variety of publications of the National Association of Insurance Commissioners (NAIC).  "Permitted" statutory accounting practices encompass all accounting practices that are not prescribed; such practices may differ from state to state, from company to company within a state, and may change in the future.
	The following table reflects UG's statutory basis net income and capital and surplus (shareholders' equity) as of December 31:
		2013		2012
	Net income	$	4,842,879	$	6,868,111
	Capital and surplus		34,897,819		32,243,089

RELATED_PARTY_TRANSACTIONS

RELATED PARTY TRANSACTIONS	12 Months Ended
	Dec. 31, 2013
RELATED PARTY TRANSACTIONS [Abstract]	'
RELATED PARTY TRANSACTIONS	'
	Note 11 – Related Party Transactions
	On February 20, 2003, UG purchased $4,000,000 of a trust preferred security offering issued by First Southern Bancorp, Inc. ("FSBI").  The security has a mandatory redemption after 30 years with a call provision after 5 years.  The security pays a quarterly dividend at a fixed rate of 6.515%.  The Company received dividends of $264,219 and $264,943 during 2013 and 2012, respectively.  On March 30, 2009, UG purchased $1,000,000 of FSBI common stock.  The sale and transfer of this security is restricted by the provisions of a stock restriction and buy-sell agreement.
	On November 14, 2011, UTG, Inc. merged with ACAP. Shareholders of ACAP received shares of UTG in exchange for their ACAP shares. ACAP was a 73.0% owned subsidiary of UG. The merger reduced the corporate structure and provided certain efficiencies and economies to the Companies.  All ACAP shareholders, other than UTG or UG, have the right to receive 233 shares of UTG common stock for each share of ACAP common stock they owned at closing.  Under the terms of the exchange ratio, UTG issued 50,328 shares to former ACAP shareholders.  An additional 129,548 UTG shares were not issued due to dissenting ACAP shareholders.  The shareholder dispute was settled during 2013.  See Note 8 - Commitments and Contingencies for additional information regarding the ACAP dissenting shareholders.
	On September 28, 2011 UTG entered a joint ownership agreement with Bandyco, LLC and First Southern National Bank, for an 8.08% interest in an aircraft. Bandyco, LLC is affiliated with Ward F Correll, who is a director of the Company. The Company was responsible for an initial payment of $150,000 on September 30, 2011, along with a $125,000 payment on October 30, 2011. The Company pays a monthly operational fee of $25,000 starting in November 2011 and lasting through July 2016. The aircraft is issued for business related travel by various officers and employees of the Company. For years 2013 and 2012, UTG paid $427,776 and $573,393 for costs associated with the aircraft.
	Effective January 1, 2007, UTG entered into administrative services and cost sharing agreements with its subsidiary.  Under this arrangement, the subsidiary pays its proportionate share of expenses, based on an allocation formula.  During 2013 and 2012, UG paid $7,442,588 and $8,843,596, respectively, in expenses. The Ohio Department of Insurance has approved the cost sharing agreement and it is Management's opinion that where applicable, costs have been allocated fairly and such allocations are based upon accounting principles generally accepted in the United States of America.
	The Company from time to time acquires mortgage loans through participation agreements with FSNB.  FSNB services the Company's mortgage loans including those covered by the participation agreements.  The Company pays a 0.25% servicing fee on these loans and a one-time fee at loan origination of 0.50% of the original loan amount to cover costs incurred by FSNB relating to the processing and establishment of the loan.  The Company paid $93,285 and $102,447 in servicing fees and $1,250 and $81,851 in origination fees to FSNB during 2013 and 2012, respectively.
	The Company reimbursed expenses incurred by employees of FSNB relating to travel and other costs incurred on behalf of or relating to the Company.  The Company paid $45,669 and $90,939 in 2013 and 2012, respectively to FSNB in reimbursement of such costs.  In addition, the Company began reimbursing FSNB a portion of salaries and pension costs for Mr. Correll and Mr. Ditto.  The reimbursement was approved by the UTG Board of Directors and totaled $332,029 and $462,819 in 2013 and 2012, respectively, which included salaries and other benefits.

OTHER_CASH_FLOW_DISCLOSURES

OTHER CASH FLOW DISCLOSURES	12 Months Ended
	Dec. 31, 2013
OTHER CASH FLOW DISCLOSURES [Abstract]	'
OTHER CASH FLOW DISCLOSURES	'
	Note 12 – Other Cash Flow Disclosures
	On a cash basis, the Company paid the following expenses for the periods ended December 31:
		2013		2012
	Interest expense	$	751,773	$	215,255
	Federal income tax		3,465,000		3,413,081
	At the end of August 2012, the reinsurance agreement with Canada Life Assurance Company was fully repaid.  At that time, the reserves were recaptured through elimination of reinsurance recoverable in exchange for assets received equal to the recaptured reserves.  The following table reflects the breakdown of the assets received.
		Assets Received
	Bonds	$	27,651,746
	Common Stock		1,023,394
	Cash		2,480,706
	Total	$	31,155,846
	The non-cash acquisitions of bonds and common stock resulting from the recapture of reinsurance have been excluded from the accompanying statements of cash flows.
	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	12 Months Ended
	Dec. 31, 2013
CONCENTRATIONS [Abstract]	'
CONCENTRATIONS	'
	Note 13 - Concentrations
	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 T. 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.
	Because UTG serves primarily individuals located in four states, the ability of our customers to pay their insurance premiums is impacted by the economic conditions in these areas.  As of December 31, 2013, approximately 54% of the Company's total direct premium was collected from Illinois, Ohio, Texas and West Virginia. As of December 31, 2012, approximately 55% of the Company's total direct premium was collected from Illinois, Ohio, Texas and West Virginia.  Thus, results of operations are heavily dependent upon the strength of these economies.
	The Company reinsures that portion of insurance risk which is in excess of its retention limits.  Retention limits range up to $125,000 per life.  Life insurance ceded represented 21% of total life insurance in force at December 31, 2013 and 2012.  Insurance ceded represented 27% and 28% of premium income for 2013 and 2012, respectively.  The Company would be liable for the reinsured risks ceded to other companies to the extent that such reinsuring companies are unable to meet their obligations.

SELECTED_QUARTERLY_FINANCIAL_D

SELECTED QUARTERLY FINANCIAL DATA	12 Months Ended
	Dec. 31, 2013
SELECTED QUARTERLY FINANCIAL DATA [Abstract]	'
SELECTED QUARTERLY FINANCIAL DATA [Text Block]	'
	Note 14 – Selected Quarterly Financial Data
	As a smaller reporting company, as defined by Rule 12b-2 of the Exchange Act and Item 10(f)(1) of Regulation S-K, the Company has elected to comply with certain scaled disclosure reporting obligations, and therefore does not have to provide the information required by this item.

SUMMARY_OF_SIGNIFICANT_ACCOUNT1

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2013
Summary of Significant Accounting Policies [Abstract]	'
Basis of Presentation	'
	Basis of Presentation – The accompanying consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America ("GAAP"), under guidance issued by the Financial Accounting Standards Board ("FASB").  The preparation of financial statements in accordance with GAAP requires Management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period.  Actual results could differ from those estimates.
Principles of Consolidation	'
	Principles of Consolidation – The accompanying consolidated financial statements include the accounts of the Registrant and its wholly and majority-owned subsidiaries.  All significant intercompany accounts and transactions have been eliminated during consolidation.
Business Segments	'
	Business Segments – The Company has only one business segment – life insurance.
Investments	'
	Investments – The Company reports its investments as follows:
	Fixed Maturity Investments – The Company classifies its fixed maturity investments, which include bonds, as available for sale. Investments classified as available for sale are carried at fair value with unrealized gains and losses, net of deferred taxes, reflected directly in accumulated other comprehensive income.  Premiums and discounts on debt securities purchased at other than par value are amortized and accreted, respectively, to interest income in the Consolidated Statements of Operations, using the constant yield method over the period to maturity.  Net realized gains and losses on sales of available for sale securities, and unrealized losses considered to be other-than-temporary, are recorded to net realized investment gains (losses) in the Consolidated Statements of Operations.
	Equity Securities – Investments in equity securities, which include common and preferred stocks, are reported at fair value with unrealized gains and losses, net of deferred taxes, reflected directly in accumulated other comprehensive income.
	Trading Securities – Trading security investments are reported at fair value with gains and losses resulting from changes in fair value recognized in earnings. Trading securities include exchange traded equities and exchange traded options.
	Mortgage Loans on Real Estate – Mortgage loans on real estate are reported at their unpaid principal balances, adjusted for amortization of premium or discount and valuation allowances. Valuation allowances are established for impaired loans when it is probable that contractual principal and interest will not be collected.
	Discounted Mortgage Loans on Real Estate – Discounted mortgage loans on real estate are loans that the Company purchased 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 adjusted for any principal receipts received.  Management works with the borrower to reach a settlement on the loan or they foreclose on the underlying collateral which is primarily commercial real estate.  For cash payments received during the work out process, the Company records these payments to interest income on a cash basis.  For loan settlements reached, the Company records the amount in excess of the carrying amount of the loan as a discount accretion to investment income at the closing date.  Management reviews the discount loan portfolio regularly for impairment.  If an impairment is identified (after consideration of the underlying collateral), the Company records an impairment to earnings in the period the information becomes known.
	Investment Real Estate – Investment real estate held for sale is reported at the lower of cost or fair value less cost to sell. Expenses to maintain the property are expensed as incurred.
	Policy Loans – Policy loans are reported at their unpaid balances, including accumulated interest, but not in excess of the cash surrender value of the related policy.
	Short-Term Investments – Short-term investments are reported at amortized cost, which approximates fair value.
	Gains and Losses – Realized gains and losses include sales of investments and investment impairments.  If any, other-than-temporary impairments in fair value are recognized in net income on the specific identification basis.
	Fair Value – Fair values for cash, short-term investments, short-term debt, receivables and payables approximate carrying value. Fair values for fixed maturities, equity securities and certain other assets are determined in accordance with specific accounting guidance.  Fair values are based on quoted market prices, where available.  Otherwise, fair values are based on quoted market prices of comparable instruments in active markets, quotes in inactive markets, or other observable criteria. Mortgage loans on real estate are estimated using discounted cash flow analyses. Discounted mortgage loans on real estate are reported at original purchase price, which Management believes approximates fair value.  For more specific information regarding the Company's measurements and procedures in valuing financial instruments, see Note 3 – Fair Value Measurements.
	Impairment of Investments – The Company evaluates its investment portfolio for other-than-temporary impairments as described in Note 2 – Investments.  If a security is deemed to be other-than-temporarily impaired, the cost basis of the security is written down to fair value and is treated as a realized loss.
	Current accounting guidance states that if an entity intends to sell or if it is more likely than not that it will be required to sell an impaired security prior to recovery of its cost basis, the security is to be considered other-than-temporarily impaired and the full amount of impairment must be charged to earnings.  Otherwise, losses on fixed maturities which are other-than-temporarily impaired are separated into two categories, the portion of the loss which is considered credit loss and the portion of the loss which is due to other factors.  The credit loss portion is charged to earnings while the loss due to other factors is charged to other comprehensive income.
Cash Equivalents and Cash	'
	Cash Equivalents – The Company considers certificates of deposit and other short-term instruments with an original purchased maturity of three months or less to be cash equivalents.
	Cash – Cash consists of balances on hand and on deposit in banks and financial institutions.
Reinsurance	'
	Reinsurance - In the normal course of business, the Company seeks to limit its exposure to loss on any single insured and to recover a portion of benefits paid by ceding reinsurance to other insurance enterprises or reinsurers under excess coverage and coinsurance contracts.  The Company retains a maximum of  $125,000 of coverage per individual life.
	Reinsurance receivables are recognized in a manner consistent with the liabilities relating to the underlying reinsured contracts.  The cost of reinsurance related to long-duration contracts is accounted for over the life of the underlying reinsured policies using assumptions consistent with those used to account for the underlying policies.
Cost of Insurance Acquired	'
	Cost of Insurance Acquired - When an insurance company is acquired, the Company assigns a portion of its cost to the right to receive future cash flows from insurance contracts existing at the date of the acquisition.  The cost of policies purchased represents the actuarially determined present value of the projected future profits from the acquired policies.  Cost of insurance acquired is amortized with interest in relation to expected future profits, including direct charge-offs for any excess of the unamortized asset over the projected future profits.  The amortization is adjusted retrospectively when estimates of current or future gross profits to be realized from a group of products are revised.
Deferred Policy Acquisition Costs	'
	Deferred Policy Acquisitions Costs - Commissions and other costs (salaries of certain employees involved in the underwriting and policy issue functions and medical and inspection fees) of acquiring life insurance products that vary with and are primarily related to the production of new business have been deferred. Deferred acquisition costs are amortized in a systematic manner which matches these costs with the associated revenues.
Property and Equipment	'
	Property and Equipment - Company-occupied property, data processing equipment and furniture and office equipment are stated at cost less accumulated depreciation of  $3,559,052 and $3,399,309 at December 31, 2013 and 2012, respectively. Depreciation is computed on a straight-line basis for financial reporting purposes using estimated useful lives of  three to thirty years.  Depreciation expense was $159,743 and $168,442 for the years ended December 31, 2013 and 2012, respectively.
Future Policy Benefits and Expenses	'
	Future Policy Benefits and Expenses - The liabilities for traditional life insurance and accident and health insurance policy benefits are computed using a net level method. These liabilities include assumptions as to investment yields, mortality, withdrawals, and other assumptions based on the life insurance subsidiary's experience adjusted to reflect anticipated trends and to include provisions for possible unfavorable deviations. The Company makes these assumptions at the time the contract is issued or, in the case of contracts acquired by purchase, at the purchase date.  Future policy benefits for individual life insurance and annuity policies are computed using interest rates ranging from  2% to 6% for life insurance and 2.5% to 9.25% for annuities. Benefit reserves for traditional life insurance policies include certain deferred profits on limited-payment policies that are being recognized in income over the policy term. Policy benefit claims are charged to expense in the period that the claims are incurred. Current mortality rate assumptions are based on 1975-80 select and ultimate tables. Withdrawal rate assumptions are based upon Linton B or C, which are industry standard actuarial tables for forecasting assumed policy lapse rates.
	Benefit reserves for universal life insurance and interest sensitive life insurance products are computed under a retrospective deposit method and represent policy account balances before applicable surrender charges.  Policy benefits and claims that are charged to expense include benefit claims in excess of related policy account balances.  Interest crediting rates for universal life and interest sensitive products range from 4.0% to 5.5% as of December 31, 2013 and 2012.
Policy Claims and Benefits Payable	'
	Policy Claims and Benefits Payable - Policy and contract claims include provisions for reported claims in process of settlement, valued in accordance with the terms of the policies and contracts, as well as provisions for claims incurred and unreported. The estimate of incurred and unreported claims is based on prior experience. The Company makes an estimate after careful evaluation of all information available to the Company.  There is no certainty the stated liability for policy claims and benefits payable, including the estimate for incurred but unreported claims, will be the Company's ultimate obligation.
Income Taxes	'
	Income Taxes – Income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement book values and tax bases of assets and liabilities.  Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled.  The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date.  More information concerning income taxes is provided in Note 6 – Income Taxes.
Earnings Per Share	'
	Earnings Per Share – The objective of both basic earnings per share ("EPS") and diluted EPS is to measure the performance of an entity over the reporting period.  The Company presents basic and diluted EPS on the face of the Consolidated Statements of Operations. Basic EPS is computed by dividing income available to common shareholders by the weighted average common shares outstanding for the period.  Diluted EPS is calculated by adding to shares outstanding the additional net effect of potentially dilutive securities or contracts, such as stock options, which could be exercised or converted into common shares.
Recognition of Revenues and Related Expenses	'
	Recognition of Revenues and Related Expenses - Premiums for traditional life insurance products, which include those products with fixed and guaranteed premiums and benefits, consist principally of whole life insurance policies, and certain annuities with life contingencies are recognized as revenues when due. Limited payment life insurance policies defer gross premiums received in excess of net premiums, which is then recognized in income in a constant relationship with insurance in-force. Accident and health insurance premiums are recognized as revenue pro rata over the terms of the policies. Benefits and related expenses associated with the premiums earned are charged to expense proportionately over the lives of the policies through a provision for future policy benefit liabilities and through deferral and amortization of deferred policy acquisition costs. For universal life and investment products, generally there is no requirement for payment of premium other than to maintain account values at a level sufficient to pay mortality and expense charges. Consequently, premiums for universal life policies and investment products are not reported as revenue, but as deposits. Policy fee revenue for universal life policies and investment products consists of charges for the cost of insurance and policy administration fees assessed during the period. Expenses include interest credited to policy account balances and benefit claims incurred in excess of policy account balances.
Recently Issued Accounting Standards	'
	Recently Issued Accounting Standards
	Income Taxes – In July 2013, the Financial Accounting Standards Board ("FASB") issued guidance providing specific financial statement presentation requirements of an unrecognized tax benefit when a net operating loss carryforward, a similar tax loss, or a tax credit carryforward exists. The guidance states that an unrecognized tax benefit in those circumstances should be presented as a reduction to the deferred tax asset.  This guidance is effective for fiscal years, and interim periods within those years, beginning after December 15, 2013. Early adoption is permitted.  The adoption of this guidance is not expected to have a material impact on the Company's consolidated financial statements.
	Comprehensive Income - In February 2013, the 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)	12 Months Ended
	Dec. 31, 2013
INVESTMENTS [Abstract]	'
Amortized cost and estimated values of investments in securities including investments held for sale	'
	The following tables provide a summary of fixed maturities available for sale and equity securities by original or amortized cost and estimated fair value:
	31-Dec-13		Original or Amortized			Gross			Gross			Estimated
			Cost			Unrealized			Unrealized			Fair
						Gains			Losses			Value
	Investments available for sale:
	Fixed maturities
	U.S. Government and govt. agencies and authorities		$	32,963,938		$	3,156,158		$	-107,550		$	36,012,546
	States, municipalities and political subdivisions			110,000			0			-924			109,076
	U.S. special revenue and assessments			2,152,892			95,763			-239,620			2,009,035
	Collateralized mortgage obligations			1,289,975			116,900			-13			1,406,862
	Public utilities			399,913			49,567			0			449,480
	All other corporate bonds			134,168,678			3,483,229			-3,229,082			134,422,825
				171,085,396			6,901,617			-3,577,189			174,409,824
	Equity securities			38,625,230			1,889,748			0			40,514,978
	Total		$	209,710,626		$	8,791,365		$	-3,577,189		$	214,924,802
	31-Dec-12		Original or Amortized			Gross			Gross			Estimated
			Cost			Unrealized			Unrealized			Fair
						Gains			Losses			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 following table provides a summary of fixed maturities by contractual maturity as of  December 31, 2013.  Actual maturities could differ from contractual maturities due to call or prepayment provisions:
	Fixed Maturities Available for Sale		Amortized			Estimated
	31-Dec-13		Cost			Fair Value
	Due in one year or less		$	574,145		$	584,549
	Due after one year through five years			21,161,153			22,675,320
	Due after five years through ten years			101,700,702			104,365,569
	Due after ten years			46,212,444			45,228,525
	Collateralized mortgage obligations			1,436,952			1,555,861
	Total		$	171,085,396		$	174,409,824
Fair value of investments with sustained gross unrealized losses	'
	The fair value of investments with sustained gross unrealized losses at December 31, 2013 and 2012 are as follows:
	31-Dec-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		$	4,889,060		-107,550		$	0		0		$	4,889,060	-107,550
	States, municipalities and political subdivisions			109,076		-924			0		0			109,076	-924
	U.S. special revenue and assessments			747,700		-239,620			0		0			747,700	-239,620
	Collateralized mortgage obligations			1,922		-13			0		0			1,922	-13
	All other corporate bonds			49,430,637		-1,481,562			7,318,832		-1,747,520			56,749,469	-3,229,082
	Total fixed maturities		$	55,178,395		-1,829,669		$	7,318,832		-1,747,520		$	62,497,227	-3,577,189
	Equity securities		$	0		0		$	0		0		$	0	0
	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
	The following table provides additional information regarding the number of securities that were in an unrealized loss position for greater than or less than twelve months:
		Less than 12 months		12 months or longer		Total
	As of December 31, 2013
	Fixed maturities	30		5		35
	Equity securities	0		0		0
	As of December 31, 2012
	Fixed maturities	8		3		11
	Equity securities	9		0		9
Trading revenue charged to investment	'
	The following table reflects trading securities revenue charged to net investment income for the periods ended December 31:
		2013			2012
	Net unrealized gains (losses)	$	-36,876		$	-352,761
	Net realized gains (losses)		35,932			2,918,279
	Net unrealized and realized gains (losses)	$	-944		$	2,565,518
Loan payment performance since inception	'
	During 2013 and 2012, the maximum and minimum lending rates for mortgage loans were:
		2013				2012
		Maximum		Minimum		Maximum		Minimum
		rate		rate		rate		rate
	Commercial Loans	10.00%		3.25%		10.00%		3.21%
	Residential Loans	8.00%		7.00%		8.00%		6.00%
Discounted mortgage holdings	'
	The following table summarizes the number loans held in the discounted mortgage loan portfolio and the carrying value of the loans as of December 31, 2013:
			Number of Loans		Carrying
	Payment Frequency				Value
	No payments received		9		$	56,576
	One-time payment received		1			0
	Irregular payments received		4			1,555,962
	Periodic payments received		16			11,218,197
	Total		30		$	12,830,735
	The following table summarizes discounted mortgage loan holdings of the Company for the periods ended December 31:
		2013			2012
	In good standing	$	1,493,437		$	3,945,701
	Overdue interest over 90 days		4,875,812			3,368,750
	Restructured		4,037,814			7,685,690
	In process of foreclosure		2,423,672			11,336,812
	Total discounted mortgage loans	$	12,830,735		$	26,336,953
	Total foreclosed discounted mortgage loans during the year	$	6,294,403		$	2,603,017
Schedule of Net Investment Income	'
	The following table reflects the Company's net investment income for the periods ended December 31:
		2013			2012
	Fixed maturities	$	8,060,930		$	7,490,812
	Equity securities		2,955,918			1,745,375
	Trading securities		-944			2,565,518
	Mortgage loans		888,960			1,022,895
	Discounted mortgage loans		7,672,483			4,186,155
	Real estate		9,967,590			8,384,417
	Policy loans		782,358			809,885
	Cash and cash equivalents		1,060			7,647
	Total consolidated investment income		30,328,355			26,212,704
	Investment expenses		-8,064,520			-7,693,447
	Consolidated net investment income	$	22,263,835		$	18,519,257
Net realized investment gains losses	'
	The following table reflects the Company's net realized investments gains and losses for the periods ended December 31:
	2013		Gross			Gross			Net
			Realized			Realized			Realized
			Gains			(Losses)			Gains (Losses)
	Fixed maturities		$	1,631,590		$	-33,898		$	1,597,692
	Real estate			691,762			-254,430			437,332
	Common stock			76,973			-10,245			66,728
	Preferred stock			411			0			411
	Mortgage loans			0			-11,135			-11,135
	Real Estate – OTTI			0			-201,775			-201,775
	Common stock – OTTI			0			-1,000,000			-1,000,000
	Total realized gains (losses)		$	2,400,736		$	-1,511,483		$	889,253
	2012		Gross			Gross			Net
			Realized			Realized			Realized
			Gains			(Losses)			Gains (Losses)
	Fixed maturities		$	9,816,015		$	-409,745		$	9,406,270
	Real estate			4,533,747			-14,194			4,519,553
	Common stock			566,894			0			566,894
	Fixed maturities – OTTI			0			-12,680			-12,680
	Common stock – OTTI			0			-174,725			-174,725
	Total realized gains (losses)		$	14,916,656		$	-611,344		$	14,305,312
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 Consolidated Statements of Operations for the periods ended December 31:
		2013			2012
	Other than temporary impairments:
	Common stock	$	1,000,000		$	174,725
	Real estate		201,775			0
	States, municipalities and political subdivisions		0			12,680
	Total other than temporary impairments	$	1,201,775		$	187,405

FAIR_VALUE_MEASUREMENTS_Tables

FAIR VALUE MEASUREMENTS (Tables)	12 Months Ended
	Dec. 31, 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 consolidated balance sheet on a recurring basis as of December 31, 2013.
		Level 1		Level 2		Level 3		Total
	Assets
	Fixed Maturities, available for sale	$	19,407,301	$	154,688,710	$	313,813	$	174,409,824
	Equity Securities, available for sale		1,643,803		6,774,589		32,096,586		40,514,978
	Trading Securities		6,614,111		0		0		6,614,111
	Total	$	27,665,215	$	161,463,299	$	32,410,399	$	221,538,913
	Liabilities
	Trading Securities	$	357,439	$	0	$	0	$	357,439
	The following table presents the Company's assets and liabilities measured at fair value in the 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
	Transfers in to Level 3		0		0		0
	Total unrealized gain or (losses):
	Included in other comprehensive income		40,086		713,352		753,438
	Purchases		0		8,419,519		8,419,519
	Balance at December 31, 2013	$	313,813	$	32,096,586	$	32,410,399
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 Consolidated Balance Sheets are shown below. Because the fair value for all 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.
		31-Dec-13				31-Dec-12
		Carrying		Estimated		Carrying		Estimated
		Amount		Fair		Amount		Fair
	Assets			Value				Value
	Mortgage loans on real estate	$	14,454,534	$	14,734,756	$	17,671,554	$	17,803,159
	Discounted mortgage loans		12,830,735		12,830,735		26,336,953		26,336,953
	Investment real estate		83,585,359		83,585,359		68,165,013		68,165,013
	Policy loans		11,860,960		11,860,960		12,591,572		12,591,572
	Cash and cash equivalents		19,838,618		19,838,618		23,321,246		23,321,246
	Short term investments		0		0		6,268,320		6,268,320
	Liabilities
	Notes payable		19,097,534		19,097,534		18,857,954		18,857,954

REINSURANCE_Tables

REINSURANCE (Tables)	12 Months Ended
	Dec. 31, 2013
REINSURANCE [Abstract]	'
Effect of long duration reinsurance contracts on premiums earned	'
	The Company does not have any short-duration reinsurance contracts.  The effect of the Company's long-duration reinsurance contracts on premiums earned in 2013 and 2012 were as follows:
		2013		2012
		Premiums		Premiums
		Earned		Earned
	Direct	$	12,361,000	$	13,242,000
	Assumed		31,000		35,000
	Ceded		-3,215,000		-3,366,000
	Net Premiums	$	9,177,000	$	9,911,000

COST_OF_INSURANCE_ACQUIRED_Tab

COST OF INSURANCE ACQUIRED (Tables)	12 Months Ended
	Dec. 31, 2013
Cost of Insurance Acquired [Abstract]	'
Cost of insurance acquired	'
	Note 5 – Cost of Insurance Acquired
	When an insurance company is acquired, the Company assigns a portion of its cost to the right to receive future cash flows from insurance contracts existing at the date of the acquisition.  The cost of policies purchased represents the actuarially determined present value of the projected future profits from the acquired policies.  Cost of insurance acquired is amortized with interest in relation to expected future profits, including direct charge-offs for any excess of the unamortized asset over the projected future profits.  The interest rates utilized may vary due to differences in the blocks of business.  The interest rate utilized in the amortization calculation of the remaining cost of insurance acquired is 12%. The amortization is adjusted retrospectively when estimates of current or future gross profits to be realized from a group of products are revised.
		2013			2012
	Cost of insurance acquired, beginning of year	$	11,700,765		$	12,846,266
	Interest accretion		1,426,703			1,564,162
	Amortization		-2,491,056			-2,709,663
	Net amortization		-1,064,353			-1,145,501
	Cost of insurance acquired, end of year	$	10,636,412		$	11,700,765
	Estimated net amortization expense of cost of insurance acquired for the next five years is as follows:
		Interest		Amortization		Net
		Accretion				Amortization
	2014	1,299,000		2,285,000		986,000
	2015	1,181,000		2,088,000		907,000
	2016	1,072,000		1,945,000		873,000
	2017	967,000		1,806,000		839,000
	2018	866,000		1,672,000		806,000

INCOME_TAXES_Tables

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2013
INCOME TAXES [Abstract]	'
Income tax expense (benefits)	'
	Income tax expense (benefit) consists of the following components:
		2013		2012
	Current tax	$	87,815	$	5,716,480
	Deferred tax		693,109		-222,098
		$	780,924	$	5,494,382
Income tax expense (benefit) reconciliation	'
	The expense for income differed from the amounts computed by applying the applicable United States statutory rate of 35% before income taxes as a result of the following differences:
		2013		2012
	Tax computed at statutory rate	$	1,627,828	$	5,404,636
	Changes in taxes due to:
	Non-controlling interest		-216,189		-238,632
	Small company deduction		-437,070		0
	Other		-193,645		328,378
	Income tax expense (benefit)	$	780,924	$	5,494,382
Major components that comprise the deferred tax liability	'
	The following table summarizes the major components that comprise the deferred tax liability as reflected in the balance sheets:
		2013		2012
	Investments	$	2,202,177	$	4,644,740
	Cost of insurance acquired		3,722,744		4,095,268
	Deferred policy acquisition costs		129,425		149,176
	Management/consulting fees		-63,665		-66,344
	Future policy benefits		2,038,699		2,137,835
	Deferred gain on sale of subsidiary		2,312,483		2,312,483
	Other assets (liabilities)		66,732		-63,967
	Federal tax DAC		-774,954		-907,614
	Deferred tax liability	$	9,633,641	$	12,301,577

CREDIT_ARRANGEMENTS_Tables

CREDIT ARRANGEMENTS (Tables)	12 Months Ended
	Dec. 31, 2013
NOTES PAYABLE [Abstract]	'
Schedule of promissory note	'
	At December 31, 2013 and 2012, the Company had the following outstanding debt:
						Outstanding Principal Balance
	Instrument	Issue		Maturity Date		31-Dec-13			31-Dec-12
		Date
	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	31-Dec-13
	Lines of Credit:
	UTG		11/20/13		11/20/14		$	8,000,000		$	1,655,035	3,000,000	2,557,501	$	2,097,534
	UTG Avalon		1/3/13		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		12/5/14			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
	2014		$	7,097,534
	2015			345,459
	2016			478,193
	2017			499,278
	2018			10,677,070

COMMITMENTS_AND_CONTINGENCIES_

COMMITMENTS AND CONTINGENCIES (Tables)	12 Months Ended
	Dec. 31, 2013
COMMITMENTS AND CONTINGENCIES [Abstract]	'
Funding commitment and unfunded commitment	'
	The following table represents the total funding commitments and the unfunded commitment as of December 31, 2013 related to certain investments:
		Total Funding		Unfunded
		Commitment		Commitment
	RLF III, LLC	$	4,000,000	$	398,120
	Llano Music, LLC		2,000,000		257,000
	Marcellus HBPI, LP		1,800,000		141,300
	PBEX, LLC		5,600,000		1,400,000
	Sovereign's Capital, LP		500,000		250,000
	MM-Appalachia IV, LP		2,475,000		1,815,000

SHAREHOLDERS_EQUITY_Tables

SHAREHOLDERS' EQUITY (Tables)	12 Months Ended
	Dec. 31, 2013
CAPITAL STOCK TRANSACTIONS [Abstract]	'
Reconciliation of the numerators and denominators of the basic and diluted EPS	'
	Earnings Per Share - The following is a reconciliation of basic and diluted weighted average shares outstanding used in the computation of basic and diluted earnings per share:
		2013	2012
	Basic weighted average shares outstanding	3,787,913	3,809,639
	Weighted average dilutive options outstanding	0	0
	Diluted weighted average shares outstanding	3,787,913	3,809,639

STATUTORY_ACCOUNTING_Tables

STATUTORY ACCOUNTING (Tables)	12 Months Ended
	Dec. 31, 2013
SHAREHOLDERS DIVIDEND RESTRICTION AND MINIMUM STATUTORY CAPITAL [Abstract]	'
Statutory Basis Net Income and Capital Surplus	'
	The following table reflects UG's statutory basis net income and capital and surplus (shareholders' equity) as of December 31:
		2013		2012
	Net income	$	4,842,879	$	6,868,111
	Capital and surplus		34,897,819		32,243,089

OTHER_CASH_FLOW_DISCLOSURES_Ta

OTHER CASH FLOW DISCLOSURES (Tables)	12 Months Ended
	Dec. 31, 2013
OTHER CASH FLOW DISCLOSURES [Abstract]	'
Expenses paid on a cash basis	'
	On a cash basis, the Company paid the following expenses for the periods ended December 31:
		2013		2012
	Interest expense	$	751,773	$	215,255
	Federal income tax		3,465,000		3,413,081
Assets received attributable to reinsurance agreement	'
	At the end of August 2012, the reinsurance agreement with Canada Life Assurance Company was fully repaid.  At that time, the reserves were recaptured through elimination of reinsurance recoverable in exchange for assets received equal to the recaptured reserves.  The following table reflects the breakdown of the assets received.
		Assets Received
	Bonds	$	27,651,746
	Common Stock		1,023,394
	Cash		2,480,706
	Total	$	31,155,846

SUMMARY_OF_SIGNIFICANT_ACCOUNT2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Related Party Transaction [Line Items]	'	'
Maximum amount retained per individual life	$125,000	$125,000
Property, Plant and Equipment [Line Items]	'	'
Depreciation, Total	159,743	168,442
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment, Excluding Capital Leased Assets	$3,559,052	$3,399,309
Interest rate assumptions [Abstract]	'	'
Individual life insurance future policy benefit, low end	2.00%	'
Individual life insurance future policy benefit, high end	6.00%	'
Annuities future policy benefit, low end	2.50%	'
Annuities future policy benefit, how end	9.25%	'
Interest crediting rates for universal life and interest sensitive products, Low End	4.00%	'
Interest crediting rates for universal life and interest sensitive products, High End	5.50%	'
Maximum [Member]	'	'
Property, Plant and Equipment [Line Items]	'	'
Property, Plant and Equipment, Estimated Useful Lives	'P30Y	'
Minimum [Member]	'	'
Property, Plant and Equipment [Line Items]	'	'
Property, Plant and Equipment, Estimated Useful Lives	'P3Y	'
Jesse T. Correll, Chief Executive Officer and Chairman of the Board [Member]	'	'
Related Party Transaction [Line Items]	'	'
Ownership or control of outstanding common stock directly or indirectly (in hundredths)	56.23%	'
First Southern National Bank [Member]	'	'
Subsidiary or Equity Method Investee [Line Items]	'	'
Ownership in subsidiary bank (in hundredths)	100.00%	'

INVESTMENTS_Details

INVESTMENTS (Details) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
	Loans
Fixed maturities [Abstract]	'	'
Original or Amortized Cost	$209,710,626	$203,023,718
Gross Unrealized Gains	8,791,365	16,915,155
Gross Unrealized Losses	-3,577,189	-2,106,674
Estimated Market Value	214,924,802	217,832,199
Available-for-sale Securities, Continuous Unrealized Loss Position [Abstract]	'	'
Total Unrealized losses	-3,577,189	-2,106,674
Amortized cost of debt securities, by contractual maturity [Abstract]	'	'
Due in one year or less	574,145	'
Due after one year through five years	21,161,153	'
Due after five years through ten years	101,700,702	'
Due after ten years	46,212,444	'
Collateralized mortgage obligation	1,436,952	'
Total	171,085,396	'
Estimated market value of debt securities, by contractual maturity [Abstract]	'	'
Due in one year or less	584,549	'
Due after one year through five years	22,675,320	'
Due after five years through ten years	104,365,569	'
Due after ten years	45,228,525	'
Collateralized mortgage obligations	1,555,861	'
Available-for-sale Securities, Debt Securities	174,409,824	187,327,285
Amortized cost of investment in fixed maturities rated below investment grade	13,842,824	19,080,167
Trading Securities [Abstract]	'	'
Fair value, derivative included in trading security liabilities	-353,907	-6,050,344
Fair value, derivatives included in trading security assets	194,000	6,745,528
Increase (Decrease) in Trading Securities [Abstract]	'	'
Trading securities, realized gain (loss)	-36,876	-352,761
Trading securities, net unrealized gain (loss)	35,932	2,918,279
Net Realized and Unrealized Gain (Loss) on Trading Securities	-944	2,565,518
Mortgages [Abstract]	'	'
Mortgage Loans including Discounted Mortgage Loans	16,761,525	22,244,731
Servicing Fee on Loan Percent	0.25%	'
Loan Origination Percent	0.50%	0.50%
Commercial loans maximum rate	10.00%	10.00%
Commercial loans minimum rate	3.25%	3.21%
Residential loans maximum rate	8.00%	8.00%
Residential loans minimum rate	7.00%	6.00%
Loan limit threshold for appraised property value	80.00%	'
Average purchase price to outstanding loan (in hundredths)	33.60%	'
Mortgage loans reserve	0	0
Discounted mortgage loan portfolio payment performance [Abstract]	'	'
Number of discounted loans with no payments	9	'
Number of discounted loans one time payment received	1	'
Number of discounted loans irregular payments received	4	'
Number of discounted loans periodic payments received	16	'
Number of discounted loans	30	'
Discounted loans with no payments	56,576	'
Discounted loans with one time payment received	0	'
Discounted loans with irregular payments received	1,555,962	'
Discounted loans with periodic payments received	11,218,197	'
Discounted loans	12,830,735	'
Discounted mortgage loan holdings [Abstract]	'	'
In good standing	1,493,437	3,945,701
Overdue interest over 90 days	4,875,812	3,368,750
Restructured	4,037,814	7,685,690
In process of foreclosure	2,423,672	11,336,812
Total discounted mortgage loans	12,830,735	26,336,953
Total foreclosed discounted mortgage loans	6,294,403	2,603,017
NET INVESTMENT INCOME [Abstract]	'	'
Investment Income	30,328,355	26,212,704
Investment Income, Investment Expense	-8,064,520	-7,693,447
Consolidated Net Investment Income	22,263,835	18,519,257
Gain (Loss) on Investments [Line Items]	'	'
Gross realized gains	2,400,736	14,916,656
Gross Realized (Losses)	-1,511,483	-611,344
Total realized investment gains (losses), net	889,253	14,305,312
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Roll Forward]	'	'
Other than Temporary Impairment Losses, Investments, Total	1,201,775	187,405
Fair value of investments on deposit with state insurance departments	10,824,094	11,660,630
Common Stock [Member]	'	'
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Roll Forward]	'	'
Other than Temporary Impairment Losses, Investments, Portion Recognized in Earnings, Net, Available-for-sale Securities	1,000,000	174,725
Municipal Bonds [Member]	'	'
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Roll Forward]	'	'
Other than Temporary Impairment Losses, Investments, Portion Recognized in Earnings, Net, Available-for-sale Securities	0	12,680
Real Estate [Member]	'	'
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Roll Forward]	'	'
Other than Temporary Impairment Losses, Investments, Portion Recognized in Earnings, Net, Available-for-sale Securities	201,775	0
Discounted Mortgage Loans [Member]	'	'
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Roll Forward]	'	'
Other than Temporary Impairment Losses, Investments, Portion Recognized in Earnings, Net, Available-for-sale Securities	0	0
Fixed Maturity Available for Sale [Member]	'	'
Gain (Loss) on Investments [Line Items]	'	'
Gross realized gains	1,631,590	9,816,015
Gross Realized (Losses)	-33,898	-409,745
Total realized investment gains (losses), net	1,597,692	9,406,270
Fixed Maturities Available for Sale - OTTI [Member]	'	'
Gain (Loss) on Investments [Line Items]	'	'
Gross realized gains	0	0
Gross Realized (Losses)	-201,775	-12,680
Total realized investment gains (losses), net	-201,775	-12,680
Equity Securities [Member]	'	'
Gain (Loss) on Investments [Line Items]	'	'
Gross realized gains	76,973	566,894
Gross Realized (Losses)	-10,245	0
Total realized investment gains (losses), net	66,728	566,894
Preferred stock [Member]	'	'
Gain (Loss) on Investments [Line Items]	'	'
Gross realized gains	411	'
Gross Realized (Losses)	0	'
Total realized investment gains (losses), net	411	'
Equity Securities - OTTI [Member]	'	'
Gain (Loss) on Investments [Line Items]	'	'
Gross realized gains	0	0
Gross Realized (Losses)	-1,000,000	-174,725
Total realized investment gains (losses), net	-1,000,000	-174,725
Real Estate [Member]	'	'
Gain (Loss) on Investments [Line Items]	'	'
Gross realized gains	691,762	4,533,747
Gross Realized (Losses)	-254,430	-14,194
Total realized investment gains (losses), net	437,332	4,519,553
Mortgage loans [Member]	'	'
Gain (Loss) on Investments [Line Items]	'	'
Gross realized gains	0	'
Gross Realized (Losses)	-11,135	'
Total realized investment gains (losses), net	-11,135	'
Fixed Maturity Available for Sale [Member]	'	'
NET INVESTMENT INCOME [Abstract]	'	'
Investment Income	8,060,930	7,490,812
Equity Securities [Member]	'	'
NET INVESTMENT INCOME [Abstract]	'	'
Investment Income	2,955,918	1,745,375
Trading Securities [Member]	'	'
NET INVESTMENT INCOME [Abstract]	'	'
Investment Income	-944	2,565,518
Mortgage Loans [Member]	'	'
NET INVESTMENT INCOME [Abstract]	'	'
Investment Income	888,960	1,022,895
Discounted Mortgage Loans [Member]	'	'
NET INVESTMENT INCOME [Abstract]	'	'
Investment Income	7,672,483	4,186,155
Real Estate [Member]	'	'
NET INVESTMENT INCOME [Abstract]	'	'
Investment Income	9,967,590	8,384,417
Policy Loans [Member]	'	'
NET INVESTMENT INCOME [Abstract]	'	'
Investment Income	782,358	809,885
Short-term Investments [Member]	'	'
NET INVESTMENT INCOME [Abstract]	'	'
Investment Income	0	0
Cash and Cash Equivalents [Member]	'	'
NET INVESTMENT INCOME [Abstract]	'	'
Investment Income	1,060	7,647
U.S. Government and Government Agencies and Authorities [Member]	'	'
Fixed maturities [Abstract]	'	'
Original or Amortized Cost	32,963,938	33,430,165
Gross Unrealized Gains	3,156,158	5,457,009
Gross Unrealized Losses	-107,550	0
Estimated Market Value	36,012,546	38,887,174
Available-for-sale Securities, Continuous Unrealized Loss Position [Abstract]	'	'
Less than 12 months, Fair value	4,889,060	'
Less than 12 months, Unrealized losses	-107,550	'
Twelve months or longer, Fair value	0	'
Twelve months or longer, Unrealized losses	0	'
Total Fair value	4,889,060	'
Total Unrealized losses	-107,550	0
States, Municipalities and Political Subdivisions [Member]	'	'
Fixed maturities [Abstract]	'	'
Original or Amortized Cost	110,000	160,000
Gross Unrealized Gains	0	6,637
Gross Unrealized Losses	-924	0
Estimated Market Value	109,076	166,637
Available-for-sale Securities, Continuous Unrealized Loss Position [Abstract]	'	'
Less than 12 months, Fair value	109,076	'
Less than 12 months, Unrealized losses	-924	'
Twelve months or longer, Fair value	0	'
Twelve months or longer, Unrealized losses	0	'
Total Fair value	109,076	'
Total Unrealized losses	-924	0
Collateralized Mortgage Obligations [Member]	'	'
Fixed maturities [Abstract]	'	'
Original or Amortized Cost	1,289,975	2,241,384
Gross Unrealized Gains	116,900	183,409
Gross Unrealized Losses	-13	-8
Estimated Market Value	1,406,862	2,424,785
Available-for-sale Securities, Continuous Unrealized Loss Position [Abstract]	'	'
Less than 12 months, Fair value	1,922	4,513
Less than 12 months, Unrealized losses	-13	-8
Twelve months or longer, Fair value	0	0
Twelve months or longer, Unrealized losses	0	0
Total Fair value	1,922	4,513
Total Unrealized losses	-13	-8
Public Utilities [Member]	'	'
Fixed maturities [Abstract]	'	'
Original or Amortized Cost	399,913	399,900
Gross Unrealized Gains	49,567	63,662
Gross Unrealized Losses	0	0
Estimated Market Value	449,480	463,562
Available-for-sale Securities, Continuous Unrealized Loss Position [Abstract]	'	'
Less than 12 months, Fair value	0	'
Less than 12 months, Unrealized losses	0	'
Twelve months or longer, Fair value	0	'
Twelve months or longer, Unrealized losses	0	'
Total Fair value	0	'
Total Unrealized losses	0	0
Debt Securities [Member]	'	'
Fixed maturities [Abstract]	'	'
Original or Amortized Cost	171,085,396	173,526,717
Gross Unrealized Gains	6,901,617	15,611,827
Gross Unrealized Losses	-3,577,189	-1,811,259
Estimated Market Value	174,409,824	187,327,285
Available-for-sale Securities, Continuous Unrealized Loss Position [Abstract]	'	'
Less than 12 months, Fair value	55,178,395	13,781,218
Less than 12 months, Unrealized losses	-1,829,669	-245,854
Twelve months or longer, Fair value	7,318,832	385,823
Twelve months or longer, Unrealized losses	-1,747,520	-1,565,405
Total Fair value	62,497,227	14,167,041
Total Unrealized losses	-3,577,189	-1,811,259
Less than 12 months Number of Securities	30	8
Twelve months or longer Number of Securities	5	3
Total Number of Securities	35	11
Equity Securities [Member]	'	'
Fixed maturities [Abstract]	'	'
Original or Amortized Cost	38,625,230	29,497,001
Gross Unrealized Gains	1,889,748	1,303,328
Gross Unrealized Losses	0	-295,415
Estimated Market Value	40,514,978	30,504,914
Available-for-sale Securities, Continuous Unrealized Loss Position [Abstract]	'	'
Less than 12 months, Fair value	0	594,081
Less than 12 months, Unrealized losses	0	-295,415
Twelve months or longer, Fair value	0	0
Twelve months or longer, Unrealized losses	0	0
Total Fair value	0	594,081
Total Unrealized losses	0	-295,415
Less than 12 months Number of Securities	0	9
Twelve months or longer Number of Securities	0	0
Total Number of Securities	0	9
All Other Corporate Bonds [Member]	'	'
Fixed maturities [Abstract]	'	'
Original or Amortized Cost	134,168,678	135,145,198
Gross Unrealized Gains	3,483,229	9,747,565
Gross Unrealized Losses	-3,229,082	-1,811,251
Estimated Market Value	134,422,825	143,081,512
Available-for-sale Securities, Continuous Unrealized Loss Position [Abstract]	'	'
Less than 12 months, Fair value	49,430,637	13,776,705
Less than 12 months, Unrealized losses	-1,481,562	-245,846
Twelve months or longer, Fair value	7,318,832	385,823
Twelve months or longer, Unrealized losses	-1,747,520	-1,565,405
Total Fair value	56,749,469	14,162,528
Total Unrealized losses	-3,229,082	-1,811,251
US Special Revenue and Assessments [Member]	'	'
Fixed maturities [Abstract]	'	'
Original or Amortized Cost	2,152,892	2,150,070
Gross Unrealized Gains	95,763	153,545
Gross Unrealized Losses	-239,620	0
Estimated Market Value	2,009,035	2,303,615
Available-for-sale Securities, Continuous Unrealized Loss Position [Abstract]	'	'
Less than 12 months, Fair value	747,700	'
Less than 12 months, Unrealized losses	-239,620	'
Twelve months or longer, Fair value	0	'
Twelve months or longer, Unrealized losses	0	'
Total Fair value	747,700	'
Total Unrealized losses	($239,620)	$0

FAIR_VALUE_MEASUREMENTS_Detail

FAIR VALUE MEASUREMENTS (Details) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Assets [Abstract]	'	'
Fixed Maturities, available for sale	$174,409,824	$187,327,285
Trading Securities	6,614,111	14,018,460
Liabilities [Abstract]	'	'
Trading Securities	353,907	6,050,344
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]	'	'
Beginning Balance	23,237,442	'
Transfers in to Level 3	0	'
Total Unrealized Gains (Losses) Included in Other Comprehensive Income	753,438	'
Purchases	8,419,519	'
Ending Balance	32,410,399	'
Level 3 [Abstract]	'	'
In	0	'
Fixed Maturities [Member]	'	'
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]	'	'
Beginning Balance	273,727	'
Transfers in to Level 3	0	'
Total Unrealized Gains (Losses) Included in Other Comprehensive Income	40,086	'
Purchases	0	'
Ending Balance	313,813	'
Level 3 [Abstract]	'	'
In	0	'
Equity Securities [Member]	'	'
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]	'	'
Beginning Balance	22,963,715	'
Transfers in to Level 3	0	'
Total Unrealized Gains (Losses) Included in Other Comprehensive Income	713,352	'
Purchases	8,419,519	'
Ending Balance	32,096,586	'
Level 3 [Abstract]	'	'
In	0	'
Measured on a recurring basis [Member]	'	'
Assets [Abstract]	'	'
Fixed Maturities, available for sale	174,409,824	187,327,285
Equity Securities, available for sale	40,514,978	30,504,914
Trading Securities	6,614,111	14,018,460
Total Financial Assets	221,538,913	231,850,659
Measured on a recurring basis [Member] | Level 1 [Member]	'	'
Assets [Abstract]	'	'
Fixed Maturities, available for sale	19,407,301	20,993,398
Equity Securities, available for sale	1,643,803	1,448,585
Trading Securities	6,614,111	13,903,148
Total Financial Assets	27,665,215	36,345,131
Liabilities [Abstract]	'	'
Trading Securities	357,439	7,552,704
Measured on a recurring basis [Member] | Level 2 [Member]	'	'
Assets [Abstract]	'	'
Fixed Maturities, available for sale	154,688,710	166,060,160
Equity Securities, available for sale	6,774,589	6,092,614
Trading Securities	0	115,312
Total Financial Assets	161,463,299	172,268,086
Liabilities [Abstract]	'	'
Trading Securities	0	0
Measured on a recurring basis [Member] | Level 3 [Member]	'	'
Assets [Abstract]	'	'
Fixed Maturities, available for sale	313,813	273,727
Equity Securities, available for sale	32,096,586	22,963,715
Trading Securities	0	0
Total Financial Assets	32,410,399	23,237,442
Liabilities [Abstract]	'	'
Trading Securities	0	0
Measured on a recurring basis [Member] | Total trading securities liabilities [Member]	'	'
Liabilities [Abstract]	'	'
Trading Securities	$357,439	$7,552,704

FAIR_VALUE_MEASUREMENTS_Balanc

FAIR VALUE MEASUREMENTS, Balance Sheet Grouping (Details) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Assets [Abstract]	'	'	'
Fixed Maturities, available for sale	$174,409,824	$187,327,285	'
Trading Securities	6,614,111	14,018,460	'
Discounted mortgage loans	12,830,735	26,336,953	'
Investment real estate	83,585,359	68,165,013	'
Cash and cash equivalents	19,838,618	23,321,246	82,925,675
Liabilities [Abstract]	'	'	'
Trading securities	353,907	6,050,344	'
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	14,454,534	17,671,554	'
Discounted mortgage loans	12,830,735	26,336,953	'
Investment real estate	83,585,359	68,165,013	'
Policy Loans	11,860,960	12,591,572	'
Cash and cash equivalents	19,838,618	23,321,246	'
Other Assets, Fair Value Disclosure	0	6,268,320	'
Liabilities [Abstract]	'	'	'
Notes payable	19,097,534	18,857,954	'
Estimated Fair Value [Member]	'	'	'
Assets [Abstract]	'	'	'
Mortgage loans on real estate	14,734,756	17,803,159	'
Discounted mortgage loans	12,830,735	26,336,953	'
Investment real estate	83,585,359	68,165,013	'
Policy Loans	11,860,960	12,591,572	'
Cash and cash equivalents	19,838,618	23,321,246	'
Other Assets, Fair Value Disclosure	0	6,268,320	'
Liabilities [Abstract]	'	'	'
Notes payable	$19,097,534	$18,857,954	'

REINSURANCE_Details

REINSURANCE (Details) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Reinsurance [Line Items]	'	'
Retention amount limit	$125,000	'
Gross insurance in force	1,500,000,000	1,600,000,000
Gross insurance ceded to reinsurers	313,000,000	335,000,000
Retention limit amount of reinsurers	100,000	'
Cession on retention limit	25,000	'
Percentage of reinsurers in force on accidental death benefits (in hundredths)	100.00%	'
Percentage of future results sold (in hundredths)	100.00%	'
Percentage in terms of reinsurance reserve credit (in hundredths)	62.00%	63.00%
Percentage of reserves and liabilities (in hundredths)	25.00%	'
Effect of long duration reinsurance contracts on premiums earned [Abstract]	'	'
Direct	12,361,000	13,242,000
Assumed	31,000	35,000
Ceded	-3,215,000	-3,366,000
Net Premiums	9,177,000	9,911,000
Independent Order of Vikings (IOV) [Member]	'	'
Reinsurance [Line Items]	'	'
Remaining balance from gross insurance in force	1,551,000	1,579,000
Gross insurance in force, Reserve	350,000	358,000
Canada Life Assurance Company [Member]	'	'
Reinsurance [Line Items]	'	'
Gross insurance in force, Reserve	0	0
Quota share of new issues percentage (in hundredths)	15.00%	'
Effect of long duration reinsurance contracts on premiums earned [Abstract]	'	'
Remaining outstanding balance	$6,815,000	$7,433,000

COST_OF_INSURANCE_ACQUIRED_Det

COST OF INSURANCE ACQUIRED (Details) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Cost of insurance acquired [Roll Forward]	'	'
Interest rate used in amortization calculation	12.00%	'
Cost of insurance acquired, beginning of year	$11,700,765	$12,846,266
Interest accretion	1,426,703	1,564,162
Amortization	-2,491,056	-2,709,663
Net amortization	-1,064,353	-1,145,501
Cost of insurance acquired, end of year	10,636,412	11,700,765
Estimated net amortization expense of cost of insurance acquired for the next five years [Abstract]	'	'
2013 - Estimated interest accretion	1,299,000	'
2013 - Estimated amortization	2,285,000	'
2013 - Estimated net amortization	986,000	'
2014 - Estimated interest accretion	1,181,000	'
2014 - Estimated amortization	2,088,000	'
2014 - Estimated net amortization	907,000	'
2015 - Estimated interest accretion	1,072,000	'
2015 - Estimated amortization	1,945,000	'
2015 - Estimated net amortization	873,000	'
2016 - Estimated interest accretion	967,000	'
2016 - Estimated amortization	1,806,000	'
2016 - Estimated net amortization	839,000	'
2017 - Estimated interest accretion	866,000	'
2017 - Estimated amortization	1,672,000	'
2017 - Estimated net amortization	$806,000	'

INCOME_TAXES_Details

INCOME TAXES (Details) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Income tax expense (benefits) [Abstract]	'	'
Current tax	$87,815	$5,716,480
Deferred tax	693,109	-222,098
Income tax expense	780,924	5,494,382
Income tax expense (benefit) reconciliation [Abstract]	'	'
United States statutory rate (in hundredths)	35.00%	'
Tax computed at statutory rate	1,627,828	5,404,636
Changes in taxes due to [Abstract]	'	'
Non-controlling interest	-216,189	-238,632
Small company deduction	-437,070	0
Other	-193,645	328,378
Income tax expense	780,924	5,494,382
Deferred tax liability [Abstract]	'	'
Investments	2,202,177	4,644,740
Cost of insurance acquired	3,722,744	4,095,268
Deferred policy acquisition costs	129,425	149,176
Management/consulting fees	-63,665	-66,344
Future policy benefits	2,038,699	2,137,835
Deferred gain on sale of subsidiary	2,312,483	2,312,483
Other liabilities	66,732	-63,967
Federal tax DAC	-774,954	-907,614
Deferred income taxes	9,633,641	12,301,577
Gross deferred tax assets	2,562,650	2,793,932
Gross deferred tax liabilities	12,196,291	15,095,509
Valuation allowance	$0	'

CREDIT_ARRANGEMENTS_Details

CREDIT ARRANGEMENTS (Details) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Scheduled principal reductions on notes payable for the next five years [Abstract]	'	'
2013	$7,097,534	'
2014	345,459	'
2015	478,193	'
2016	499,278	'
2017	10,677,070	'
UTG 2012-11-20 [Member]	'	'
Lines of Credit [Line Items]	'	'
Issue Date	20-Nov-13	'
Maturity Date	20-Nov-14	'
Revolving Credit Limit	8,000,000	'
Outstanding Balance	2,097,534	1,655,035
Borrowings	3,000,000	'
Repayments	2,557,501	'
Interest Rate	3.75%	'
Assets Pledged	'100% of the common voting stock of its wholly owned subsidiary, Universal Guaranty Life Insurance Company ("UG").	'
UTG Avalon 2011-12-28 [Member]	'	'
Lines of Credit [Line Items]	'	'
Issue Date	3-Jan-13	'
Maturity Date	3-Jan-14	'
Revolving Credit Limit	5,000,000	'
Outstanding Balance	0	5,000,000
Borrowings	0	'
Repayments	5,000,000	'
Interest Rate	4.00%	'
Frequency of Payments	'two semi-annual	'
UTG Avalon 2013-03-28 [Member]	'	'
Lines of Credit [Line Items]	'	'
Issue Date	28-Mar-13	'
Maturity Date	28-Mar-14	'
Revolving Credit Limit	5,000,000	'
Outstanding Balance	5,000,000	0
Borrowings	5,000,000	'
Repayments	0	'
Interest Rate	4.00%	'
Frequency of Payments	'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.	'
UG 2010-12-28 [Member]	'	'
Lines of Credit [Line Items]	'	'
Issue Date	28-Dec-10	'
Maturity Date	5-Dec-14	'
Revolving Credit Limit	15,000,000	'
Outstanding Balance	0	0
Borrowings	0	'
Repayments	0	'
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 "base membership" amount.	'
HPG Acquisition 2007-02-07 [Member]	'	'
Debt Instrument [Line Items]	'	'
Issue Date	7-Feb-07	'
Maturity Date	7-Nov-17	'
Outstanding Principal Balance	0	202,919
Interest Rate	5.00%	'
HPG Acquisitions 2012-12-27 [Member]	'	'
Debt Instrument [Line Items]	'	'
Issue Date	27-Dec-12	'
Maturity Date	4-Mar-18	'
Outstanding Principal Balance	$12,000,000	$12,000,000
Interest Rate	4.00%	'

COMMITMENTS_AND_CONTINGENCIES_1

COMMITMENTS AND CONTINGENCIES (Details) (USD $)	12 Months Ended
	Dec. 31, 2013
Liability for contingent costs [Line Items]	'
Estimate of cost contingency, total	$50,000
Loss Contingency	47,727
Loss Contingency Accrual, Ending Balance	47,727
Share Conversion	233
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	257,000
Marcellus III, LLC [Member]	'
Investment Commitment [Line Items]	'
Total Funding Commitment	1,800,000
Unfunded Commitment	141,300
Dew Learning, LLC [Member]	'
Investment Commitment [Line Items]	'
Total Funding Commitment	5,600,000
Unfunded Commitment	1,400,000
Marcellus HBPI, LLP [Member]	'
Investment Commitment [Line Items]	'
Total Funding Commitment	500,000
Unfunded Commitment	250,000
MM-Appalachia IV, LP [Member]	'
Investment Commitment [Line Items]	'
Total Funding Commitment	2,475,000
Unfunded Commitment	1,815,000
ACAP [Member]	'
Liability for contingent costs [Line Items]	'
Estimate of cost contingency, total	2,550,822
Loss Contingency	3,000,000
Litigation Settlement, Amount	3,000,000
Loss Contingency Accrual, Ending Balance	$3,000,000

SHAREHOLDERS_EQUITY_Details

SHAREHOLDERS' EQUITY (Details) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
STOCK REPURCHASE PROGRAM [Abstract]	'	'
Increase in stock repurchase program authorized amount	'	$1,000,000
Stock repurchase program authorized amount	'	6,000,000
Treasury Stock, Shares, Acquired	25,836	'
Amount paid to repurchase shares during the year	320,980	'
Amount of common stock repurchased	4,932,675	'
Number of common stock acquired (in shares)	588,526	'
ACAP MERGER [Abstract]	'	'
Number of shares issued (in shares)	50,328	'
Stock Issued During Period, Shares, Restricted Stock Award, Gross	3,162	16,225
Stock issued during period price per share	$10.75	$13.25
Share-based Compensation, Total	33,992	214,981
EARNINGS PER SHARE CALCULATIONS [Abstract]	'	'
Basic Shares (Denominator) (in shares)	3,787,913	3,809,639
Effect of Dilutive Securities (Denominator) (in shares)	0	0
Diluted Shares (Denominator) (in shares)	3,787,913	3,809,639
Minimum statutory surplus required to maintain	2,500,000	'
Period from declaration of ordinary dividend requires notification to insurance commissioner	'P5D	'
Minimum period prior to payment of dividend requires notification to insurance commissioner	'P10D	'
Percentage of statutory capital and surplus (in hundredths)	10.00%	'
Ordinary dividends paid	$2,700,000	$3,316,722
Period for which no extraordinary dividends paid	'P2D	'

STATUTORY_ACCOUNTING_Details

STATUTORY ACCOUNTING (Details) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Statutory Accounting Practices [Line Items]	'	'
Statutory net income	$4,842,879	$6,868,111
Statutory capital and surplus	$34,897,819	$32,243,089

RELATED_PARTY_TRANSACTIONS_Det

RELATED PARTY TRANSACTIONS (Details) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Related Party Transaction [Line Items]	'	'
Purchased trust preferred security offering	$4,000,000	'
Term for mandatory redemption	'P30Y	'
Term for call provision	'P5Y	'
Dividend rate (in hundredths)	6.52%	'
Dividend Income	264,219	264,943
Equity Method Investments	1,000,000	'
Percentage owned (in hundredths)	73.00%	'
Number of shares to be received (in shares)	233	'
Number of shares issued (in shares)	50,328	'
Number shares not issued to dissenting shareholders (in shares)	129,548	'
Ownership interest in aircraft (in hundredths)	8.08%	'
Initial payment - Aircraft joint ownership agreement	150,000	'
Additional payment - Aircraft joint ownership agreement	125,000	'
Monthly operational fees	25,000	'
Costs associated with aircraft	427,776	573,393
Administrative Services and Cost	7,442,588	8,843,596
Servicing fee on loan (in hundredths)	0.25%	'
Loan origination (in hundredths)	0.50%	0.50%
Servicing fees	93,285	102,447
Origination fees	1,250	81,851
Reimbursement cost	45,669	90,939
Total reimbursement payment	$332,029	$462,819

OTHER_CASH_FLOW_DISCLOSURES_De

OTHER CASH FLOW DISCLOSURES (Details) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
OTHER CASH FLOW DISCLOSURES [Abstract]	'	'
Interest expense paid	$751,773	$215,255
Federal income tax	3,465,000	3,413,081
Bonds	27,651,746	'
Common Stock	1,023,394	'
Cash	2,480,706	'
Noncash transaction LOC	5,000,000	'
Noncash transaction short term investments	6,300,000	'
Noncash transaction real estate	6,300,000	'
Total reinsurance assets received	$31,155,846	'
Share Conversion	233	'

CONCENTRATIONS_Details

CONCENTRATIONS (Details) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
	States
CONCENTRATIONS [Abstract]	'	'
Number of states by which entity primarily serves	4	'
Percentage of total direct premium from major states (in hundredths)	54.00%	55.00%
Maximum retention limits per life	$125,000	$125,000
Life insurance ceded, percentage (in hundredths)	21.00%	21.00%
Percentage of premium income represents for insurance ceded (in hundredths)	27.00%	28.00%