UTG (UTGN) 10-Q 12 Aug 14 2014 Q2 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information (USD $)	6 Months Ended
	Jun. 30, 2014	Jul. 31, 2014	Jun. 30, 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	'	'	$18,493,300
Entity Common Stock, Shares Outstanding	'	3,757,989	'
Document Fiscal Year Focus	'2014	'	'
Document Fiscal Period Focus	'Q2	'	'
Document Type	'10-Q	'	'
Amendment Flag	'false	'	'
Document Period End Date	30-Jun-14	'	'

Balance_Sheet

Balance Sheet (USD $)	Jun. 30, 2014	Dec. 31, 2013
Investments available for sale:	'	'
Fixed maturities, at fair value (amortized cost $168,405,894 and $171,085,396)	$178,464,064	$174,409,824
Equity securities, at fair value (cost $38,001,406 and $38,625,230)	41,683,472	40,514,978
Trading securities, at fair value (cost $5,849,605 and $6,924,413)	5,778,454	6,614,111
Mortgage loans on real estate at amortized cost	15,027,772	14,454,534
Discounted mortgage loans on real estate at cost	11,327,643	12,830,735
Investment real estate	79,475,195	83,585,359
Policy loans	11,493,320	11,860,960
Short-term investments	4,832,980	0
Total investments	348,082,900	344,270,501
Cash and cash equivalents	17,905,873	19,838,618
Accrued investment income	2,467,562	2,432,939
Future policy benefits	28,425,130	28,767,326
Policy claims and other benefits	4,043,526	3,926,736
Cost of insurance acquired	9,540,810	10,636,412
Deferred policy acquisition costs	343,958	369,786
Property and equipment, net of accumulated depreciation	1,109,171	1,185,108
Income tax receivable	1,290,149	1,296,043
Other assets	4,783,887	4,390,620
Total assets	417,992,966	417,114,089
Liabilities:	'	'
Future policyholder benefits	278,151,057	286,472,435
Policy claims and benefits payable	3,781,544	3,283,897
Other policyholder funds	367,255	378,772
Dividend and endowment accumulations	14,186,461	14,162,510
Income tax payable	6,688	0
Deferred income taxes	12,299,481	9,633,641
Notes payable	18,197,534	19,097,534
Trading securities, at fair value (proceeds $532,747 and $505,272)	162,102	357,439
Other liabilities	8,593,016	5,860,420
Total liabilities	335,745,138	339,246,648
Common stock - no par value, stated value $.001 per share. Authorized 7,000,000 shares - 3,761,454 and 3,776,197 shares outstanding	3,761	3,776
Additional paid-in capital	43,877,019	44,050,778
Retained earnings	23,656,189	25,169,646
Accumulated other comprehensive income	9,285,995	3,459,401
Total UTG shareholders' equity	76,822,964	72,683,601
Noncontrolling interests	5,424,864	5,183,840
Total shareholders' equity	82,247,828	77,867,441
Total liabilities and shareholders' equity	$417,992,966	$417,114,089

Balance_Sheet_Parenthetical

Balance Sheet Parenthetical (USD $)	Jun. 30, 2014	Dec. 31, 2013
Investments available for sale:	'	'
Fixed maturities, amortized cost	$168,405,894	$171,085,396
Equity securities, cost	38,001,406	38,625,230
Trading securities, cost	5,849,605	6,924,413
Liabilities:	'	'
Trading Securities, Proceeds	$532,747	$505,272
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)	3,761,454	3,776,197

Income_Statement

Income Statement (USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Revenues:	'	'	'	'
Premiums and policy fees	$3,357,360	$3,219,271	$6,091,047	$6,432,017
Ceded reinsurance premiums and policy fees	-827,040	-769,335	-1,608,023	-1,545,037
Net investment income	4,028,304	4,762,126	8,561,423	9,143,518
Other income	500,113	510,660	1,020,544	1,032,019
Revenues before realized gains	7,058,737	7,722,722	14,064,991	15,062,517
Realized investment gains (losses), net:	'	'	'	'
Other-than-temporary impairments	0	0	0	-26,926
Other realized investment gains, net	1,694,037	576,841	1,971,461	648,490
Total realized investment gains, net	1,694,037	576,841	1,971,461	621,564
Total revenue	8,752,774	8,299,563	16,036,452	15,684,081
Benefits, claims and settlement expenses:	'	'	'	'
Life	6,445,808	5,108,457	13,131,855	10,964,778
Ceded Reinsurance benefits and claims	-1,124,076	-599,574	-2,326,546	-1,197,353
Annuity	283,662	290,892	562,239	558,431
Dividends to policyholders	130,145	149,077	266,317	296,299
Amortization of cost of insurance acquired	246,412	266,088	492,824	532,176
Commissions and amortization of deferred policy acquisition costs	-5,927	-26,906	-107,064	-50,458
Operating expenses	2,730,362	1,975,001	5,386,480	4,030,126
Interest expense	110,326	144,101	292,158	254,538
Total benefits and other expenses	8,816,712	7,307,136	17,698,263	15,388,537
Loss before income taxes	-63,938	992,427	-1,661,811	295,544
Income tax (expense) benefit	274,876	79,343	467,387	12,035
Net loss	210,938	1,071,770	-1,194,424	307,579
Net income attributable to noncontrolling interests	-196,079	-196,702	-319,033	-342,783
Net loss attributable to common shareholders'	$14,859	$875,068	($1,513,457)	($35,204)
Amounts attributable to common shareholders':	'	'	'	'
Basic loss per share	$0	$0.23	($0.40)	($0.01)
Diluted loss per share	$0	$0.23	($0.40)	($0.01)
Basic weighted average shares outstanding	3,765,354	3,792,203	3,768,643	3,794,317
Diluted weighted average shares outstanding	3,765,354	3,792,203	3,768,643	3,794,317

Condensed_Consolidated_Stateme

Condensed Consolidated Statement of Comprehensive Income (Unaudited) (USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Condensed Consolidated Statement of Comprehensive Income (Unaudited) [Abstract]	'	'	'	'
Net income (loss)	$210,938	$1,071,770	($1,194,424)	$307,579
Other comprehensive income (loss), net of tax:	'	'	'	'
Unrealized holding gains (losses) arising during period	3,985,260	-7,775,657	9,302,065	-7,812,195
Other Comprehensive Income (Loss), Unrealized Holding Gain (Loss) on Securities Arising During Period, Tax	-1,394,841	2,721,480	-3,255,723	2,734,268
Other Comprehensive Income (Loss), Unrealized Holding Gain (Loss) on Securities Arising During Period, Net of Tax	2,590,419	-5,054,177	6,046,342	-5,077,927
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, before Tax	-86,066	-637,706	-338,074	-729,038
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, Tax	30,123	223,197	118,326	255,163
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, Net of Tax	-55,943	-414,509	-219,748	-473,875
Subtotal: Other comprehensive income (loss), net of tax	2,534,476	-5,468,686	5,826,594	-5,551,802
Comprehensive income (loss)	2,745,414	-4,396,916	4,632,170	-5,244,223
Less comprehensive income attributable to noncontrolling interests	-196,079	-196,702	-319,033	-342,783
Comprehensive income (loss) attributable to UTG, Inc.	$2,549,335	($4,593,618)	$4,313,137	($5,587,006)

Statement_of_Cash_Flows

Statement of Cash Flows (USD $)	6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013
Cash flows from operating activities:	'	'
Net loss attributable to common shareholders	($1,513,457)	($35,204)
Adjustments to reconcile net loss to net cash used in operating activities	'	'
Amortization (accretion) of investments	-835,649	-1,462,254
Realized investment gains, net	-1,971,461	-621,564
Unrealized trading (gains) losses included in income	-15,622	-49,545
Amortization of deferred policy acquisition costs	25,828	28,216
Amortization of cost of insurance acquired	492,824	532,176
Depreciation	673,213	640,571
Net income attributable to noncontrolling interest	319,033	342,783
Charges for mortality and administration of universal life and annuity products	-3,352,060	-3,458,497
Interest credited to account balances	2,607,793	2,662,628
Change in accrued investment income	-34,623	138,634
Change in reinsurance receivables	225,406	1,072,113
Change in policy liabilities and accruals	-3,004,690	-2,642,960
Change in income taxes receivable (payable)	12,582	-3,463,692
Change in other assets and liabilities, net	1,852,980	633,298
Net cash used in operating activities	-4,517,903	-5,683,297
Proceeds from investments sold and matured:	'	'
Fixed maturities available for sale	14,200,536	21,247,954
Equity securities available for sale	4,120,242	238,330
Trading securities	1,116,500	23,753,619
Mortgage loans	1,154,443	9,004,089
Discounted mortgage loans	2,609,104	3,898,888
Real estate	8,599,113	4,063,257
Policy loans	1,700,041	2,029,941
Proceeds from Short-Term Investments	0	0
Total proceeds from investments sold and matured	33,499,979	64,236,078
Cost of investments acquired:	'	'
Fixed maturities available for sale	-11,436,600	-16,132,719
Equity securities available for sale	-2,462,226	-8,731,875
Trading securities	-13,901	-22,140,303
Mortgage loans	-1,727,681	-1,435,782
Discounted mortgage loans	-16,723	-1,436,582
Real estate	-4,487,029	-7,829,033
Policy loans	-1,332,401	-1,497,536
Short-term investments	-4,832,980	-25,000
Total cost of investments acquired	-26,309,541	-59,228,830
Net cash provided by investing activities	7,190,438	5,007,248
Cash flows from financing activities:	'	'
Policyholder contract deposits	2,773,092	2,884,121
Policyholder contract withdrawals	-3,181,015	-2,940,308
Proceeds from notes payable/line of credit	0	0
Payments of principal on notes payable/line of credit	-900,000	0
Purchase of treasury stock	-173,774	-202,919
Sale of block of business	-78,009	0
Distributions to minority interests of consolidated subsidiaries	-3,045,574	-103,625
Net cash provided by (used in) financing activities	-4,605,280	-362,731
Net increase (decrease) in cash and cash equivalents	-1,932,745	-1,038,780
Cash and cash equivalents at beginning of period	19,838,618	23,321,246
Cash and cash equivalents at end of period	$17,905,873	$22,282,466

BASIS_OF_PRESENTATION

BASIS OF PRESENTATION	6 Months Ended
	Jun. 30, 2014
BASIS OF PRESENTATION [Abstract]	'
BASIS OF PRESENTATION	'
	Note 1 – Basis of Presentation
	The accompanying Condensed Consolidated Balance Sheet as of December 31, 2013, which has been derived from audited financial statements, and the unaudited interim Condensed Consolidated Financial Statements include the accounts of UTG, Inc. (the "Parent") and its subsidiaries (collectively with the Parent, the "Company").  All significant intercompany accounts and transactions have been eliminated in consolidation.  The accompanying Condensed Consolidated Financial Statements have been prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP") for interim financial information and with the instructions to Form 10-Q and Article 8 of regulation S-X.  Accordingly, they do not include all of the information and notes required by GAAP for audited annual financial statements.  The information furnished includes all adjustments and accruals of a normal recurring nature, which in the opinion of management, are necessary for a fair presentation of the results for the interim periods.  The unaudited Condensed Consolidated Financial Statements included herein and these related notes should be read in conjunction with the Company's consolidated financial statements, and the notes thereto, included in the Company's Annual Report on Form 10-K for the year ended December 31, 2013.  The Company's results of operations for the six month period ended June 30, 2014 are not necessarily indicative of the results that may be expected for the year ending December 31, 2014 or for any other future period.
	This document at times will refer to the Registrant's largest shareholder, Mr. Jesse T. Correll and certain companies controlled by Mr. Correll.  Mr. Correll holds a majority ownership of First Southern Funding LLC,  ("FSF"), a Kentucky corporation, and First Southern Bancorp, Inc. ("FSBI"), a financial services holding company.  FSBI operates through its 100 % owned subsidiary bank, First Southern National Bank ("FSNB").  Banking activities are conducted through multiple locations within south-central and western Kentucky.  Mr. Correll is Chief Executive Officer and Chairman of the Board of Directors of UTG and is currently UTG's largest shareholder through his ownership control of FSF, FSBI and affiliates.  At June 30, 2014, Mr. Correll owns or controls directly and indirectly approximately 56.46 % of  UTG's outstanding stock.
	UTG's life insurance subsidiary, Universal Guaranty Life Insurance Company ("UG"), has several wholly-owned and majority-owned subsidiaries.  The subsidiaries were formed to hold certain real estate investments.  The real estate investments were placed into the limited liability companies and partnerships to provide additional protection to the policyholders and to UG.

NEW_ACCOUNTING_STANDARDS

NEW ACCOUNTING STANDARDS	6 Months Ended
	Jun. 30, 2014
NEW ACCOUNTING STANDARDS [Abstract]	'
NEW ACCOUNTING STANDARDS	'
	Note 2 – 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.

INVESTMENTS

INVESTMENTS	6 Months Ended
	Jun. 30, 2014
INVESTMENTS [Abstract]	'
INVESTMENTS	'
	Note 3 – Investments
	Available for Sale Securities – Fixed Maturity and Equity Securities
	The Company's insurance subsidiary is regulated by insurance statutes and regulations as to the type of investments they are permitted to make, and the amount of funds that may be used for any one type of investment.
	Investments in available for sale securities are summarized as follows:
	30-Jun-14		Original or Amortized			Gross Unrealized Gains			Gross Unrealized Losses			Estimated
			Cost									Fair
												Value
	Investments available for sale:
	Fixed maturities
	U.S. Government and govt. agencies and authorities		32,971,711			3,253,290			-60,309			36,164,692
		$			$			$			$
	States, municipalities and political subdivisions		105,000			1,501			0			106,501
	U.S. special revenue and assessments		1,703,646			79,196			-217,640			1,565,202
	Collateralized mortgage obligations		1,179,564			101,557			-10			1,281,111
	Public utilities		399,920			61,670			0			461,590
	All other corporate bonds		132,046,053			8,358,665			-1,519,750			138,884,968
			168,405,894			11,855,879			-1,797,709			178,464,064
	Equity securities		38,001,406			3,682,775			-709			41,683,472
	Total	$	206,407,300		$	15,538,654		$	-1,798,418		$	220,147,536
	31-Dec-13		Original or Amortized			Gross Unrealized Gains			Gross Unrealized Losses			Estimated
			Cost									Fair
												Value
	Investments available for sale:
	Fixed maturities
	U.S. Government and govt. agencies and authorities		32,963,938			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
	The amortized cost and estimated market value of debt securities at June 30, 2014, by contractual maturity, is shown below.  Expected maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties.
	Fixed Maturities Available for Sale		Amortized			Estimated
	30-Jun-14		Cost			Fair Value
	Due in one year or less	$	2,122,904		$	2,184,318
	Due after one year through five years		27,156,733			29,126,177
	Due after five years through ten years		97,400,143			103,657,373
	Due after ten years		40,546,550			42,215,085
	Collateralized mortgage obligations		1,179,564			1,281,111
	Total	$	168,405,894		$	178,464,064
	The fair value of investments with sustained gross unrealized losses at June 30, 2014 and December 31, 2013 are as follows:
	30-Jun-14		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	$	0	0		$	4,936,720	-60,309		$	4,936,720	-60,309
	U.S. Special Revenue and Assessments		769,680	-217,640			0	0			769,680	-217,640
	Collateralized mortgage obligations		1,851	-10			0	0			1,851	-10
	All other corporate bonds		1,528,903	-3,955			5,426,829	-1,515,795			6,955,732	-1,519,750
	Total fixed maturities	$	2,300,434	-221,605		$	10,363,549	-1,576,104		$	12,663,983	-1,797,709
	Equity securities	$	13,172	-709		$	0	0		$	13,172	-709
	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
	Additional information regarding investments in an unrealized loss position is as follows:
		Less than 12 months		12 months or longer		Total
As of June 30, 2014
Fixed maturities	4		6		10
Equity securities	3		0		3
As of December 31, 2013
Fixed maturities	30		5		35
Equity securities	0		0		0
Substantially all of the unrealized losses on fixed maturities available for sale at June 30, 2014 and December 31, 2013 are attributable to changes in market interest rates and general disruptions in the credit market subsequent to purchase.  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 June 30, 2014 and December 31, 2013.
The Company regularly reviews its investment securities for factors that may indicate that a decline in fair value of an investment is other than temporary.  The factors considered by management in its regular review to identify and recognize other-than-temporary impairment losses on fixed maturities include, but are not limited to: the length of time and extent to which the fair value has been less than cost; the Company's intent to sell, or be required to sell, the debt security before the anticipated recovery of its remaining amortized cost basis; the financial condition and near-term prospects of the issuer; adverse changes in ratings announced by one or more rating agencies; subordinated credit support, whether the issuer of a debt security has remained current on principal and interest payments; current expected cash flows; whether the decline in fair value appears to be issuer specific or, alternatively, a reflection of general market or industry conditions, including the effect of changes in market interest rates.  If the Company intends to sell a debt security, or it is more likely than not that it would be required to sell a debt security before the recovery of its amortized cost basis, the entire difference between the security's amortized cost basis and its fair value at the balance sheet date would be recognized by a charge to other-than-temporary losses in the Condensed Consolidated Statements of Operations.
Equity securities may experience other-than-temporary impairments in the future based on the prospects for full recovery in value in a reasonable period of time and the Company's ability and intent to hold the security to recovery.  If a decline in fair value is judged by management to be other-than-temporary or management does not have the intent or ability to hold a security, a loss is recognized by a charge to other-than-temporary impairment losses in the Condensed Consolidated Statements of Operations
Based on management's review of the investment portfolio, the Company recorded the following losses for other-than-temporary impairments in the Condensed Consolidated Statements of Operations:
		Three Months Ended
		June 30,
		2014			2013
Other than temporary impairments:
Real estate	$	0		$	0
		Six Months Ended
		June 30,
		2014		2013
Other than temporary impairments:
Real estate	$	0	$	26,926
The other-than-temporary impairment recognized during 2013 was due to Management's assessment of the value of the real estate. The real estate was written down to better reflect current expected market value.
Trading Securities
Securities designated as trading securities are reported at fair value, with gains or losses resulting from changes in fair value recognized in net investment income on the Condensed Consolidated Statements of Operations.  Trading securities include exchange-traded equities and exchange-traded options.  Trading securities carried as liabilities are securities sold short. A gain, limited to the price at which the security was sold short, or a loss, potentially unlimited in size, will be recognized upon the termination of the short sale.  The fair value of derivatives included in trading security assets and trading security liabilities as   of June 30, 2014 was $37,500 and $(158,214), respectively. 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.  Earnings from trading securities are classified in cash flows from operating activities. The derivatives held by the Company are for income generation purposes only.
Trading revenue charged to net investment income from trading securities was:
		Three Months Ended
		June 30,
		2014			2013
Net unrealized gains (losses)	$	-245,029		$	346,889
Net realized gains (losses)		150,365			129,591
Net unrealized and realized gains (losses)	$	-94,664		$	476,480
		Six Months Ended
		June 30,
		2014			2013
Net unrealized gains (losses)	$	15,622		$	49,545
Net realized gains (losses)		171,538			215,862
Net unrealized and realized gains (losses)	$	187,160		$	265,407
Mortgage Loans
As of  June 30, 2014 and December 31, 2013, the Company's mortgage loan portfolio contained 35 and 39 mortgage loans, including discounted mortgage loans, with a carrying value of $26,355,415 and $27,285,269, respectively.
Changes in the current economy could have a negative impact on the loans, including the financial stability of the borrowers, the borrowers' ability to pay or to refinance, the value of the property held as collateral and the ability to find purchasers at favorable prices.  Given the uncertainty of the current market, management has taken a conservative approach with the discounted mortgage loans and has classified all discounted mortgage loans held as non-accrual.  In such status, the Company is not recording any accrued interest income nor is it recording any accrual of discount on the loans held.  Discount accruals reported during 2014 and 2013 were the result of the loan basis already being fully paid.
On the remainder of the mortgage loan portfolio, interest accruals are analyzed based on the likelihood of repayment.  In no event will interest continue to accrue when accrued interest along with the outstanding principal exceeds the net realizable value of the property.  The Company does not utilize a specified number of days delinquent to cause an automatic non-accrual status.
A mortgage loan reserve is established and adjusted based on management's quarterly analysis of the portfolio and any deterioration in value of the underlying property which would reduce the net realizable value of the property below its current carrying value.  The Company acquires the discounted mortgage loans at below contract value, and believes that it will fully recover its carrying value upon disposal, therefore no reserve for delinquent loans is deemed necessary.  Those loans not currently paying are being vigorously worked by management.  The current discounted commercial mortgage loan portfolio has an average price  of 33.24 % of face value and management has determined that this deep discount provides a financial cushion or built in allowance for any of the loans that are not currently performing within the portfolio of loans purchased.

FAIR_VALUE_MEASUREMENTS

FAIR VALUE MEASUREMENTS	6 Months Ended
	Jun. 30, 2014
FAIR VALUE MEASUREMENTS [Abstract]	'
FAIR VALUE MEASUREMENTS	'
	Note 4 – Fair Value Measurements
	The Company measures its assets and liabilities recorded at fair value in the Condensed Consolidated Balance Sheets based on the framework set forth in the GAAP fair value accounting guidance.  The framework establishes a fair value hierarchy of three levels based upon the transparency of information used in measuring the fair value of assets or liabilities as of the measurement date.  The fair value hierarchy prioritizes the inputs in the valuation techniques used to measure fair value into three categories.
	Level 1 – Valuation is based upon quoted prices for identical assets or liabilities in active markets that the Company is able to access.  Level 1 fair value is not subject to valuation adjustments.
	Level 2 – Valuation is based upon quoted prices for similar assets and liabilities in active markets or quoted prices for identical or similar instruments in markets that are not active. In addition, the Company may use various valuation techniques or pricing models that use observable inputs to measure fair value.
	Level 3 – Valuation is based upon unobservable inputs that are supported by little or no market activity and are significant to the fair value of the assets or liabilities. Unobservable inputs reflect the Company's own assumptions about the inputs that market participants would use in pricing the asset or liability.
	The Company determines the existence of an active market for an asset or liability based on its judgment as to whether transactions for the asset or liability occur in such market with sufficient frequency and volume to provide reliable pricing information.  If the Company concludes that there has been a significant decrease in the volume and level of activity for an investment in relation to normal market activity for such investment, adjustments to transactions and quoted prices are made to estimate fair value.
	The inputs used in the valuation techniques employed by the Company are provided by nationally recognized pricing services, external investment managers and internal resources.  To assess these inputs, the Company's review process includes, but is not limited to, quantitative analysis including benchmarking, initial and ongoing evaluations of methodologies used by external parties to calculate fair value, and ongoing evaluations of fair value estimates based on the Company's knowledge and monitoring of market conditions.
	The Company periodically reviews the pricing service provider's policies and procedures for valuing securities.  The assumptions underlying the valuations from external service providers, including unobservable inputs, are generally not readily available as this information is often deemed proprietary.  Accordingly, the Company is unable to obtain comprehensive information regarding these assumptions and methodologies.
	The Company's investments in fixed maturity securities available for sale, equity securities available for sale and trading securities assets and liabilities are carried at fair value.  The following are the Company's methodologies and valuation techniques for assets and liabilities measured at fair value.
	Fixed maturities available for sale mainly consist of U.S. treasury securities and corporate debt securities. The Company employs a market approach to the valuation of securities where there are sufficient market transactions involving identical or comparable assets. If sufficient market data is not available for identical or comparable assets, the Company uses an income approach to valuation. The majority of the financial instruments included in fixed maturity securities available for sale are evaluated utilizing observable inputs; accordingly, they are categorized in either Level 1 or Level 2 of the fair value hierarchy. However, in instances where significant inputs utilized in valuation of the securities are unobservable, the securities are categorized in Level 3 of the fair value hierarchy.
	Corporate securities primarily include fixed rate corporate bonds. Inputs utilized in connection with the Company's valuation techniques relating to this class of securities include recently executed transactions, market price quotations, benchmark yields and issuer spreads. Corporate securities are categorized in Level 2 of the fair value hierarchy.
	U.S. treasury securities are based on quoted prices in active markets and are generally categorized in Level 1 of the fair value hierarchy.
	Equity securities available for sale consist of common and preferred stocks mainly in private equity investments, financial institutions and insurance companies. Equity securities for which there is sufficient market data are categorized as Level 1 or 2 in the fair value hierarchy.  For the equity securities in which quoted market prices are not available, the transaction price is used as the best estimate of fair value at inception.  When evidence is believed to support a change to the carrying value from the transaction price, adjustments are made to reflect the expected exit values. The Company performs ongoing reviews of the underlying investments. The reviews consist of the evaluations of expected cash flows, material events and market data. These investments are included in Level 3 of the fair value hierarchy.
	Securities designated as trading securities consist of 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 Condensed Consolidated Balance Sheet on a recurring basis as of June 30, 2014.
			Level 1		Level 2		Level 3		Total
	Assets
	Fixed Maturities, available for sale	$	19,415,175	$	158,725,550	$	323,339	$	178,464,064
	Equity Securities, available for sale		4,813,626		6,889,588		29,980,258		41,683,472
	Trading Securities		5,778,454		0		0		5,778,454
	Total	$	30,007,255	$	165,615,138	$	30,303,597	$	225,925,990
	Liabilities
	Trading Securities	$	162,102	$	0	$	0	$	162,102
	The following table presents the Company's assets and liabilities measured at fair value in the Condensed Consolidated Balance Sheet on a recurring basis as of December 31, 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 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,
			Available for Sale		Available for Sale		Total
	Balance at December 31, 2013	$	313,813	$	32,096,586	$	32,410,399
	Total unrealized gains or (losses):
	Included in realized gains/(losses)		82,287		971,664		1,053,951
	Included in other comprehensive income		74,782		668,258		743,040
	Sales		-147,543		-3,756,250		-3,903,793
	Balance at June 30, 2014	$	323,339	$	29,980,258	$	30,303,597
	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 investments based on a review of current financial information, earnings trends and similar companies in the same industries.
	Certain assets are not carried at fair value on a recurring basis, including investments such as mortgage loans and policy loans. Accordingly such investments are only included in the fair value hierarchy disclosure when the investment is subject to re-measurement at fair value after initial recognition and the resulting re-measurement is reflected in the Condensed Consolidated Financial Statements.
	The carrying values and estimated fair values of certain of the Company's financial instruments not recorded at fair value in the Condensed Consolidated Balance Sheets are shown below. Because the fair value for all Condensed Consolidated Balance Sheet items are not required to be disclosed, the aggregate fair value amounts presented below are not reflective of the underlying value of the Company.
			30-Jun-14				31-Dec-13
					Estimated				Estimated
			Carrying		Fair		Carrying		Fair
	Assets		Amount		Value		Amount		Value
	Mortgage loans on real estate	$	15,027,772	$	15,279,440	$	14,454,534	$	14,734,756
	Discounted mortgage loans		11,327,643		11,327,643		12,830,735		12,830,735
	Investment real estate		79,475,195		79,475,195		83,585,359		83,585,359
	Policy loans		11,493,320		11,493,320		11,860,960		11,860,960
	Cash and cash equivalents		17,905,873		17,905,873		19,838,618		19,838,618
	Short term investments		4,832,980		4,832,980		0		0
	Liabilities
	Notes payable		18,197,534		18,197,534		19,097,534		19,097,534
	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 purchased non-performing discounted mortgage loans at a deep discount through an auction process led by the federal government.  In general, the discounted loans are non-performing and there is a significant amount of uncertainty surrounding the timing and amount of cash flows to be received by the Company.  Accordingly, the Company records its investment in the discounted loans at its original purchase price, which management believes approximates fair value.  The inputs used to measure the fair value of our discounted mortgage loans are classified as Level 3 within the fair value hierarchy.
	Investment real estate is recorded at the lower of the net investment in the real estate or the fair value of the real estate less costs to sell.  The determination of fair value assessments are performed on a periodic, non-recurring basis by external appraisal and assessment of property values by management.  The inputs used to measure the fair value of our investment real estate are classified as Level 3 within the fair value hierarchy.
	Policy loans are carried at the aggregate unpaid principal balances in the consolidated balance sheets which approximate fair value, and earn interest at rates ranging from   4 % to 8 %.  Individual policy liabilities in all cases equal or exceed outstanding policy loan balances.  The inputs used to measure the fair value of our policy loans are classified as Level 3 within the fair value hierarchy.
	The carrying amount of cash and cash equivalents in the financial statements approximates fair value given the highly liquid nature of the instruments.  The inputs used to measure the fair value of our cash and cash equivalents are classified as Level 1 within the fair value hierarchy.
	The carrying amount of short term investments in the financial statements approximates fair value.  The inputs used to measure the fair value of our short term investments are classified as Level 3 within the fair value hierarchy.
The carrying value is a reasonable estimate of fair value for notes payable subject to floating rates of interest.  The fair value of notes payable with fixed rate borrowings is determined based on the borrowing rates currently available to the Company for loans with similar terms and average maturities.  The inputs used to measure the fair value of our notes payable are classified as Level 2 within the fair value hierarchy.

CREDIT_ARRANGEMENTS

CREDIT ARRANGEMENTS	6 Months Ended
	Jun. 30, 2014
NOTES PAYABLE [Abstract]	'
CREDIT ARRANGEMENTS	'
	Note 5 – Credit Arrangements
	At June 30, 2014 and December 31, 2013, the Company had the following outstanding debt:
						Outstanding Principal Balance
	Instrument			Issue Date	Maturity Date			30-Jun-14		31-Dec-13
	Promissory Note:
	HPG Acquisitions			12/27/12	3/4/18			12,000,000		12,000,000
	Instrument		Issue Date	Maturity Date		Revolving Credit Limit		31-Dec-13	Borrowings		Repayments		30-Jun-14
	Lines of Credit:
	UTG		11/20/13	11/20/14	$	8,000,000	$	2,097,534	0		900,000	$	1,197,534
	UTG Avalon		3/28/13	3/28/15		5,000,000		5,000,000	0		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 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"). During July of 2014, the Company borrowed an additional $1,600,000 on the line of credit. The proceeds were used to purchase an interest in an aircraft.
	The UTG Avalon line of credit issued on March 28, 2013 currently carries interest at a rate of  4.0% with monthly interest 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 with a floor rate of 4%. 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.  This line of credit was renewed on March 28, 2014.
	UG is a member of the Federal Home Loan Bank ("FHLB").  This membership allows the Company access to additional credit up to a maximum of 50% of the total assets of UG.  To be a member of the FHLB, the Company was required to purchase shares of common stock of FHLB.  Borrowing capacity is based on 50 times each dollar of stock acquired in FHLB above the "base membership" amount.
	The consolidated scheduled principal reductions on the notes payable for the next five years are as follows:
	Year		Amount
	2014	$	1,197,534
	2015		5,345,460
	2016		478,193
	2017		499,277
	2018		10,677,070
	Note 6 – Shareholders' Equity

SHAREHOLDERS_EQUITY

SHAREHOLDERS' EQUITY	6 Months Ended
	Jun. 30, 2014
CAPITAL STOCK TRANSACTIONS [Abstract]	'
CAPITAL STOCK TRANSACTIONS	'
	Stock Repurchase Programs
	The Board of Directors of UTG authorized the repurchase in the open market or in privately negotiated transactions of up to $6,000,000 of UTG's common stock. Repurchased shares are available for future issuance for general corporate purposes.  This program can be terminated at any time.  Open market purchases are made based on the last available market price and are generally limited to a maximum per share price of the most recent reported per share GAAP equity book value of the Company.  During the six month period ended  June 30, 2014, the Company repurchased 14,743 shares through the stock repurchase program for $173,774.  Through June 30, 2014, UTG has spent $5,100,000 in the acquisition of 603,269 shares under this program.
	Earnings Per Share Calculations
	Earnings per share are based on the weighted average number of common shares outstanding during each period.  At June 30, 2014 and 2013, diluted earnings per share were the same as basic earnings per share since the Company had no dilutive instruments outstanding.

COMMITMENTS_AND_CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	6 Months Ended
	Jun. 30, 2014
COMMITMENTS AND CONTINGENCIES [Abstract]	'
COMMITMENTS AND CONTINGENCIES	'
	Note 7 – Commitments and Contingencies
	The insurance industry has experienced a number of civil jury verdicts which have been returned against life and health insurers in the jurisdictions in which the Company does business involving the insurers' sales practices, alleged agent misconduct, failure to properly supervise agents, and other matters.  Some of the lawsuits have resulted in the award of substantial judgments against the insurer, including material amounts of punitive damages.  In some states, juries have substantial discretion in awarding punitive damages in these circumstances.  In the normal course of business, the Company is involved from time to time in various legal actions and other state and federal proceedings.  Management is of the opinion that the ultimate disposition of the matters will not have a materially adverse effect on the Company's results of operations or financial position.
	Under the insurance guaranty fund laws in most states, insurance companies doing business in a participating state can be assessed up to prescribed limits for policyholder losses incurred by insolvent or failed insurance companies.  Although the Company cannot predict the amount of any future assessments, most insurance guaranty fund laws currently provide that an assessment may be excused or deferred if it would threaten an insurer's financial strength.  Mandatory assessments may be partially recovered through a reduction in future premium tax in some states. The Company does not believe such assessments will be materially different from amounts already provided for in the financial statements, though the Company has no control over such assessments.
	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.
	The following table represents the total funding commitments and the unfunded commitment as of June 30, 2014 related to certain investments:
			Total Funding		Unfunded
			Commitment		Commitment
	RLF III, LLC	$	4,000,000	$	398,120
	Llano Music, LLC		4,000,000		2,137,000
	Marcellus HBPI, LLP		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		1,056,000
	During 2006, the Company committed to invest in RLF III, LLC ("RLF"), which makes land-based investments 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 2014, the commitment amount increased by $2,000,000.
	During 2012, the Company committed to invest in Marcellus HBPI, LLP, which purchases land for leasing opportunities to those looking to harvest natural resources. Marcellus HPBI, LLP 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. Sovereign's makes capital calls to investors as funds are needed.
	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.

OTHER_CASH_FLOW_DISCLOSURES

OTHER CASH FLOW DISCLOSURES	6 Months Ended
	Jun. 30, 2014
OTHER CASH FLOW DISCLOSURES [Abstract]	'
OTHER CASH FLOW DISCLOSURES	'
	Note 8 – Other Cash Flow Disclosures
	On a cash basis, the Company paid the following expenses:
			Three Months Ended
			June 30,
			2014			2013
	Interest expense	$	14,648		$	15,643
	Federal income tax		0			1,415,000
			Six Months Ended
			June 30,
			2014		2013
	Interest expense	$	34,320	$	32,041
	Federal income tax		0		3,465,000
	During the first quarter of 2013 and 2014, 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  $5,000,000 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 first quarter of 2014, the Company sold a block of life insurance business.  As a result of this transaction, the Company transferred approximately $3,100,000 in cash to the purchaser.  The transaction also resulted in a reduction of approximately $3,700,000  of future policyholder benefits and approximately $600,000 of cost of insurance acquired.
	.

CONCENTRATIONS

CONCENTRATIONS	6 Months Ended
	Jun. 30, 2014
CONCENTRATIONS [Abstract]	'
CONCENTRATIONS	'
	Note 9 – Concentrations of Credit Risk
	The Company maintains cash balances in financial institutions that at times may exceed federally insured limits.  The Company maintains its primary operating cash accounts with First Southern National Bank, an affiliate of the largest shareholder of UTG, Mr. Jesse Correll, the Company's CEO and Chairman.  The Company has not experienced any losses in such accounts and believes it is not exposed to any significant credit risk on cash and cash equivalents.

NEW_ACCOUNTING_STANDARDS_Polic

NEW ACCOUNTING STANDARDS (Policies)	6 Months Ended
	Jun. 30, 2014
NEW ACCOUNTING STANDARDS [Abstract]	'
New Accounting Pronouncements, Policy [Policy Text Block]	'
	Note 2 – 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.

INVESTMENTS_Tables

INVESTMENTS (Tables)	6 Months Ended
	Jun. 30, 2014
INVESTMENTS [Abstract]	'
Amortized cost and estimated values of investments in securities including investments held for sale	'
	Investments in available for sale securities are summarized as follows:
	30-Jun-14		Original or Amortized			Gross Unrealized Gains			Gross Unrealized Losses			Estimated
			Cost									Fair
												Value
	Investments available for sale:
	Fixed maturities
	U.S. Government and govt. agencies and authorities		32,971,711			3,253,290			-60,309			36,164,692
		$			$			$			$
	States, municipalities and political subdivisions		105,000			1,501			0			106,501
	U.S. special revenue and assessments		1,703,646			79,196			-217,640			1,565,202
	Collateralized mortgage obligations		1,179,564			101,557			-10			1,281,111
	Public utilities		399,920			61,670			0			461,590
	All other corporate bonds		132,046,053			8,358,665			-1,519,750			138,884,968
			168,405,894			11,855,879			-1,797,709			178,464,064
	Equity securities		38,001,406			3,682,775			-709			41,683,472
	Total	$	206,407,300		$	15,538,654		$	-1,798,418		$	220,147,536
	31-Dec-13		Original or Amortized			Gross Unrealized Gains			Gross Unrealized Losses			Estimated
			Cost									Fair
												Value
	Investments available for sale:
	Fixed maturities
	U.S. Government and govt. agencies and authorities		32,963,938			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
Amortized cost and estimated market value of debt securities, by contractual maturity	'
	The amortized cost and estimated market value of debt securities at June 30, 2014, by contractual maturity, is shown below.  Expected maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties.
	Fixed Maturities Available for Sale		Amortized			Estimated
	30-Jun-14		Cost			Fair Value
	Due in one year or less	$	2,122,904		$	2,184,318
	Due after one year through five years		27,156,733			29,126,177
	Due after five years through ten years		97,400,143			103,657,373
	Due after ten years		40,546,550			42,215,085
	Collateralized mortgage obligations		1,179,564			1,281,111
	Total	$	168,405,894		$	178,464,064
Fair value of investments with sustained gross unrealized losses	'
	The fair value of investments with sustained gross unrealized losses at June 30, 2014 and December 31, 2013 are as follows:
	30-Jun-14		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	$	0	0		$	4,936,720	-60,309		$	4,936,720	-60,309
	U.S. Special Revenue and Assessments		769,680	-217,640			0	0			769,680	-217,640
	Collateralized mortgage obligations		1,851	-10			0	0			1,851	-10
	All other corporate bonds		1,528,903	-3,955			5,426,829	-1,515,795			6,955,732	-1,519,750
	Total fixed maturities	$	2,300,434	-221,605		$	10,363,549	-1,576,104		$	12,663,983	-1,797,709
	Equity securities	$	13,172	-709		$	0	0		$	13,172	-709
	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
	Additional information regarding investments in an unrealized loss position is as follows:
		Less than 12 months		12 months or longer		Total
	As of June 30, 2014
	Fixed maturities	4		6		10
	Equity securities	3		0		3
	As of December 31, 2013
	Fixed maturities	30		5		35
	Equity securities	0		0		0
Other than temporary impairments	'
	Based on management's review of the investment portfolio, the Company recorded the following losses for other-than-temporary impairments in the Condensed Consolidated Statements of Operations:
			Three Months Ended
			June 30,
			2014			2013
	Other than temporary impairments:
	Real estate	$	0		$	0
			Six Months Ended
			June 30,
			2014		2013
	Other than temporary impairments:
	Real estate	$	0	$	26,926
Trading revenue charged to investment	'
	Trading revenue charged to net investment income from trading securities was:
			Three Months Ended
			June 30,
			2014			2013
	Net unrealized gains (losses)	$	-245,029		$	346,889
	Net realized gains (losses)		150,365			129,591
	Net unrealized and realized gains (losses)	$	-94,664		$	476,480
			Six Months Ended
			June 30,
			2014			2013
	Net unrealized gains (losses)	$	15,622		$	49,545
	Net realized gains (losses)		171,538			215,862
	Net unrealized and realized gains (losses)	$	187,160		$	265,407

FAIR_VALUE_MEASUREMENTS_Tables

FAIR VALUE MEASUREMENTS (Tables)	6 Months Ended
	Jun. 30, 2014
FAIR VALUE MEASUREMENTS [Abstract]	'
Financial assets and liabilities measured on recurring basis	'
	The following table presents the Company's assets and liabilities measured at fair value in the Condensed Consolidated Balance Sheet on a recurring basis as of June 30, 2014.
			Level 1		Level 2		Level 3		Total
	Assets
	Fixed Maturities, available for sale	$	19,415,175	$	158,725,550	$	323,339	$	178,464,064
	Equity Securities, available for sale		4,813,626		6,889,588		29,980,258		41,683,472
	Trading Securities		5,778,454		0		0		5,778,454
	Total	$	30,007,255	$	165,615,138	$	30,303,597	$	225,925,990
	Liabilities
	Trading Securities	$	162,102	$	0	$	0	$	162,102
	The following table presents the Company's assets and liabilities measured at fair value in the Condensed Consolidated Balance Sheet on a recurring basis as of December 31, 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 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,
			Available for Sale		Available for Sale		Total
	Balance at December 31, 2013	$	313,813	$	32,096,586	$	32,410,399
	Total unrealized gains or (losses):
	Included in realized gains/(losses)		82,287		971,664		1,053,951
	Included in other comprehensive income		74,782		668,258		743,040
	Sales		-147,543		-3,756,250		-3,903,793
	Balance at June 30, 2014	$	323,339	$	29,980,258	$	30,303,597
Estimated fair value of financial instruments required to be valued by ASC 820	'
	The carrying values and estimated fair values of certain of the Company's financial instruments not recorded at fair value in the Condensed Consolidated Balance Sheets are shown below. Because the fair value for all Condensed Consolidated Balance Sheet items are not required to be disclosed, the aggregate fair value amounts presented below are not reflective of the underlying value of the Company.
			30-Jun-14				31-Dec-13
					Estimated				Estimated
			Carrying		Fair		Carrying		Fair
	Assets		Amount		Value		Amount		Value
	Mortgage loans on real estate	$	15,027,772	$	15,279,440	$	14,454,534	$	14,734,756
	Discounted mortgage loans		11,327,643		11,327,643		12,830,735		12,830,735
	Investment real estate		79,475,195		79,475,195		83,585,359		83,585,359
	Policy loans		11,493,320		11,493,320		11,860,960		11,860,960
	Cash and cash equivalents		17,905,873		17,905,873		19,838,618		19,838,618
	Short term investments		4,832,980		4,832,980		0		0
	Liabilities
	Notes payable		18,197,534		18,197,534		19,097,534		19,097,534

CREDIT_ARRANGEMENTS_Tables

CREDIT ARRANGEMENTS (Tables)	6 Months Ended
	Jun. 30, 2014
NOTES PAYABLE [Abstract]	'
Schedule of promissory note	'
	At June 30, 2014 and December 31, 2013, the Company had the following outstanding debt:
						Outstanding Principal Balance
	Instrument			Issue Date	Maturity Date			30-Jun-14		31-Dec-13
	Promissory Note:
	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-13	Borrowings		Repayments		30-Jun-14
	Lines of Credit:
	UTG		11/20/13	11/20/14	$	8,000,000	$	2,097,534	0		900,000	$	1,197,534
	UTG Avalon		3/28/13	3/28/15		5,000,000		5,000,000	0		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	$	1,197,534
	2015		5,345,460
	2016		478,193
	2017		499,277
	2018		10,677,070
	Note 6 – Shareholders' Equity

COMMITMENTS_AND_CONTINGENCIES_

COMMITMENTS AND CONTINGENCIES (Tables)	6 Months Ended
	Jun. 30, 2014
COMMITMENTS AND CONTINGENCIES [Abstract]	'
Funding commitment and unfunded commitment	'
	The following table represents the total funding commitments and the unfunded commitment as of June 30, 2014 related to certain investments:
			Total Funding		Unfunded
			Commitment		Commitment
	RLF III, LLC	$	4,000,000	$	398,120
	Llano Music, LLC		4,000,000		2,137,000
	Marcellus HBPI, LLP		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		1,056,000

OTHER_CASH_FLOW_DISCLOSURES_Ta

OTHER CASH FLOW DISCLOSURES (Tables)	6 Months Ended
	Jun. 30, 2014
OTHER CASH FLOW DISCLOSURES [Abstract]	'
Expenses paid on a cash basis	'
	On a cash basis, the Company paid the following expenses:
			Three Months Ended
			June 30,
			2014			2013
	Interest expense	$	14,648		$	15,643
	Federal income tax		0			1,415,000
			Six Months Ended
			June 30,
			2014		2013
	Interest expense	$	34,320	$	32,041
	Federal income tax		0		3,465,000

BASIS_OF_PRESENTATION_Details

BASIS OF PRESENTATION (Details)	6 Months Ended
	Jun. 30, 2014
Subsidiary or Equity Method Investee [Line Items]	'
Ownership in subsidiary bank (in hundredths)	100.00%
Related Party Disclosure [Line Items]	'
Ownership or control of outstanding common stock directly or indirectly (in hundredths)	56.46%

INVESTMENTS_Details

INVESTMENTS (Details) (USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013	Dec. 31, 2013
	Loans		Loans		Loans
Amortized cost and estimated value of debt securities, by contractual maturity [Abstract]	'	'	'	'	'
Due in one year or less	$2,184,318	'	$2,184,318	'	'
Due after one year through five years	29,126,177	'	29,126,177	'	'
Due after five years through ten years	103,657,373	'	103,657,373	'	'
Due after ten years	42,215,085	'	42,215,085	'	'
Collateralized mortgage obligations	1,281,111	'	1,281,111	'	'
Total	178,464,064	'	178,464,064	'	'
Fixed maturities [Abstract]	'	'	'	'	'
Original or Amortized Cost	206,407,300	'	206,407,300	'	209,710,626
Gross Unrealized Gains	'	'	15,538,654	8,791,365	'
Gross Unrealized Losses	'	'	-1,798,418	-3,577,189	'
Estimated Market Value	220,147,536	'	220,147,536	'	214,924,802
Available-for-sale Securities, Continuous Unrealized Loss Position [Abstract]	'	'	'	'	'
Twelve months or longer, Fair value	'	'	'	'	0
Other than Temporary Impairment Losses, Investments, Available-for-sale Securities [Abstract]	'	'	'	'	'
Other than temporary impairment losses, investments, available-for-sale securities	0	0	0	26,926	'
Amortized cost and estimated market value of debt securities, by contractual maturity [Abstract]	'	'	'	'	'
Due in one year or less	2,122,904	'	2,122,904	'	'
Due after one year through five years	27,156,733	'	27,156,733	'	'
Due after five years through ten years	97,400,143	'	97,400,143	'	'
Due after ten years	40,546,550	'	40,546,550	'	'
Collateralized mortgage obligation	1,179,564	'	1,179,564	'	'
Total	168,405,894	'	168,405,894	'	'
Trading Securities [Abstract]	'	'	'	'	'
Fair value, derivatives included in trading security assets	37,500	'	37,500	'	194,000
Fair value, derivative included in trading security liabilities	-158,214	'	-158,214	'	-353,907
Trading securities, net unrealized gain (loss)	-245,029	346,889	15,622	49,545	'
Trading securities, realized gain (loss)	150,365	129,591	171,538	215,862	'
Increase (Decrease) in Trading Securities [Abstract]	'	'	'	'	'
Net Realized and Unrealized Gain (Loss) on Trading Securities	-94,664	476,480	187,160	265,407	'
Mortgages [Abstract]	'	'	'	'	'
Number of Mortgage Loans including Discounted Mortgage Loans	35	'	35	'	39
Mortgage Loans including Discounted Mortgage Loans	26,355,415	'	26,355,415	'	27,285,269
Mortgage loans reserve	'	'	'	'	0
Average purchase price to outstanding loan (in hundredths)	'	'	33.24%	'	'
U.S. Government and Government Agencies and Authorities [Member]	'	'	'	'	'
Fixed maturities [Abstract]	'	'	'	'	'
Original or Amortized Cost	32,971,711	'	32,971,711	'	32,963,938
Gross Unrealized Gains	'	'	3,253,290	3,156,158	'
Gross Unrealized Losses	'	'	-60,309	-107,550	'
Estimated Market Value	36,164,692	'	36,164,692	'	36,012,546
Available-for-sale Securities, Continuous Unrealized Loss Position [Abstract]	'	'	'	'	'
Less than 12 months, Fair value	0	'	0	'	4,889,060
Less than 12 months, Unrealized losses	'	'	0	-107,550	'
Twelve months or longer, Fair value	4,936,720	'	4,936,720	'	'
Twelve months or longer, Unrealized losses	'	0	-60,309	'	'
Total Fair value	4,936,720	'	4,936,720	'	4,889,060
Total Unrealized losses	'	-107,550	-60,309	'	'
US Special Revenue and Assessments [Member]	'	'	'	'	'
Fixed maturities [Abstract]	'	'	'	'	'
Original or Amortized Cost	1,703,646	'	1,703,646	'	2,152,892
Gross Unrealized Gains	'	'	79,196	95,763	'
Gross Unrealized Losses	'	'	-217,640	-239,620	'
Estimated Market Value	1,565,202	'	1,565,202	'	2,009,035
Available-for-sale Securities, Continuous Unrealized Loss Position [Abstract]	'	'	'	'	'
Less than 12 months, Fair value	769,680	'	769,680	'	747,700
Less than 12 months, Unrealized losses	'	'	-217,640	-239,620	'
Twelve months or longer, Fair value	0	'	0	'	'
Twelve months or longer, Unrealized losses	'	0	0	'	'
Total Fair value	769,680	'	769,680	'	747,700
Total Unrealized losses	'	-239,620	-217,640	'	'
States, Municipalities and Political Subdivisions [Member]	'	'	'	'	'
Fixed maturities [Abstract]	'	'	'	'	'
Original or Amortized Cost	105,000	'	105,000	'	110,000
Gross Unrealized Gains	'	'	1,501	0	'
Gross Unrealized Losses	'	'	0	-924	'
Estimated Market Value	106,501	'	106,501	'	109,076
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, Unrealized losses	'	0	'	'	'
Total Fair value	'	'	'	'	109,076
Total Unrealized losses	'	-924	'	'	'
Collateralized Mortgage Obligations [Member]	'	'	'	'	'
Fixed maturities [Abstract]	'	'	'	'	'
Original or Amortized Cost	1,179,564	'	1,179,564	'	1,289,975
Gross Unrealized Gains	'	'	101,557	116,900	'
Gross Unrealized Losses	'	'	-10	-13	'
Estimated Market Value	1,281,111	'	1,281,111	'	1,406,862
Available-for-sale Securities, Continuous Unrealized Loss Position [Abstract]	'	'	'	'	'
Less than 12 months, Fair value	1,851	'	1,851	'	1,922
Less than 12 months, Unrealized losses	'	'	-10	-13	'
Twelve months or longer, Fair value	0	'	0	'	0
Twelve months or longer, Unrealized losses	'	'	0	0	'
Total Fair value	1,851	'	1,851	'	1,922
Total Unrealized losses	'	'	-10	-13	'
Public Utilities [Member]	'	'	'	'	'
Fixed maturities [Abstract]	'	'	'	'	'
Original or Amortized Cost	399,920	'	399,920	'	399,913
Gross Unrealized Gains	'	'	61,670	49,567	'
Gross Unrealized Losses	'	'	0	0	'
Estimated Market Value	461,590	'	461,590	'	449,480
Debt Securities [Member]	'	'	'	'	'
Fixed maturities [Abstract]	'	'	'	'	'
Original or Amortized Cost	168,405,894	'	168,405,894	'	171,085,396
Gross Unrealized Gains	'	'	11,855,879	6,901,617	'
Gross Unrealized Losses	'	'	-1,797,709	-3,577,189	'
Estimated Market Value	178,464,064	'	178,464,064	'	174,409,824
Available-for-sale Securities, Continuous Unrealized Loss Position [Abstract]	'	'	'	'	'
Less than 12 months, Fair value	2,300,434	'	2,300,434	'	55,178,395
Less than 12 months, Unrealized losses	'	'	-221,605	-1,829,669	'
Twelve months or longer, Fair value	10,363,549	'	10,363,549	'	7,318,832
Twelve months or longer, Unrealized losses	'	'	-1,576,104	-1,747,520	'
Total Fair value	12,663,983	'	12,663,983	'	62,497,227
Total Unrealized losses	'	'	-1,797,709	-3,577,189	'
Less than 12 months Number of Securities	4	'	4	'	30
Twelve months or longer Number of Securities	6	'	6	'	5
Total Number of Securities	10	'	10	'	35
Equity Securities [Member]	'	'	'	'	'
Fixed maturities [Abstract]	'	'	'	'	'
Original or Amortized Cost	38,001,406	'	38,001,406	'	38,625,230
Gross Unrealized Gains	'	'	3,682,775	1,889,748	'
Gross Unrealized Losses	'	'	-709	0	'
Estimated Market Value	41,683,472	'	41,683,472	'	40,514,978
Available-for-sale Securities, Continuous Unrealized Loss Position [Abstract]	'	'	'	'	'
Less than 12 months, Fair value	13,172	'	13,172	'	0
Less than 12 months, Unrealized losses	'	'	-709	0	'
Twelve months or longer, Fair value	0	'	0	'	0
Twelve months or longer, Unrealized losses	'	'	0	0	'
Total Fair value	13,172	'	13,172	'	0
Total Unrealized losses	'	'	-709	0	'
Less than 12 months Number of Securities	3	'	3	'	0
Twelve months or longer Number of Securities	0	'	0	'	0
Total Number of Securities	3	'	3	'	0
All Other Corporate Bonds [Member]	'	'	'	'	'
Fixed maturities [Abstract]	'	'	'	'	'
Original or Amortized Cost	132,046,053	'	132,046,053	'	134,168,678
Gross Unrealized Gains	'	'	8,358,665	3,483,229	'
Gross Unrealized Losses	'	'	-1,519,750	-3,229,082	'
Estimated Market Value	138,884,968	'	138,884,968	'	134,422,825
Available-for-sale Securities, Continuous Unrealized Loss Position [Abstract]	'	'	'	'	'
Less than 12 months, Fair value	1,528,903	'	1,528,903	'	49,430,637
Less than 12 months, Unrealized losses	'	'	-3,955	-1,481,562	'
Twelve months or longer, Fair value	5,426,829	'	5,426,829	'	7,318,832
Twelve months or longer, Unrealized losses	'	'	-1,515,795	-1,747,520	'
Total Fair value	6,955,732	'	6,955,732	'	56,749,469
Total Unrealized losses	'	'	($1,519,750)	($3,229,082)	'

FAIR_VALUE_MEASUREMENTS_Detail

FAIR VALUE MEASUREMENTS (Details) (USD $)	3 Months Ended	6 Months Ended
	Jun. 30, 2014	Jun. 30, 2014	Dec. 31, 2013	Jun. 30, 2013	Dec. 31, 2012
Assets [Abstract]	'	'	'	'	'
Fixed Maturities, available for sale	$178,464,064	$178,464,064	$174,409,824	'	'
Trading Securities	5,778,454	5,778,454	6,614,111	'	'
Liabilities [Abstract]	'	'	'	'	'
Trading Securities	158,214	158,214	353,907	'	'
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]	'	'	'	'	'
Beginning Balance	'	32,410,399	'	'	'
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share, Unobservable Input, Realized Gain (Loss), Total	1,053,951	'	'	'	'
Total Unrealized Gains (Losses) Included in Other Comprehensive Income	743,040	'	'	'	'
Purchases	-3,903,793	'	'	'	'
Ending Balance	30,303,597	30,303,597	'	'	'
Assets [Abstract]	'	'	'	'	'
Discounted mortgage loans	11,327,643	11,327,643	12,830,735	'	'
Investment real estate	79,475,195	79,475,195	83,585,359	'	'
Cash and cash equivalents	17,905,873	17,905,873	19,838,618	22,282,466	23,321,246
Liabilities [Abstract]	'	'	'	'	'
Policy loan interest rate, minimum (in hundredths)	'	4.00%	'	'	'
Policy loan interest rate, maximum (in hundredths)	'	8.00%	'	'	'
Carrying Amount [Member]	'	'	'	'	'
Assets [Abstract]	'	'	'	'	'
Mortgage loans on real estate	15,027,772	15,027,772	14,454,534	'	'
Discounted mortgage loans	11,327,643	11,327,643	12,830,735	'	'
Investment real estate	79,475,195	79,475,195	83,585,359	'	'
Policy Loans	11,493,320	11,493,320	11,860,960	'	'
Cash and cash equivalents	17,905,873	17,905,873	19,838,618	'	'
Other Assets, Fair Value Disclosure	4,832,980	4,832,980	0	'	'
Liabilities [Abstract]	'	'	'	'	'
Notes payable	18,197,534	18,197,534	19,097,534	'	'
Estimated Fair Value [Member]	'	'	'	'	'
Assets [Abstract]	'	'	'	'	'
Mortgage loans on real estate	15,279,440	15,279,440	14,734,756	'	'
Discounted mortgage loans	11,327,643	11,327,643	12,830,735	'	'
Investment real estate	79,475,195	79,475,195	83,585,359	'	'
Policy Loans	11,493,320	11,493,320	11,860,960	'	'
Cash and cash equivalents	17,905,873	17,905,873	19,838,618	'	'
Other Assets, Fair Value Disclosure	4,832,980	4,832,980	0	'	'
Liabilities [Abstract]	'	'	'	'	'
Notes payable	18,197,534	18,197,534	19,097,534	'	'
Fixed Maturities [Member]	'	'	'	'	'
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]	'	'	'	'	'
Beginning Balance	'	'	313,813	'	'
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share, Unobservable Input, Realized Gain (Loss), Total	82,287	'	'	'	'
Total Unrealized Gains (Losses) Included in Other Comprehensive Income	74,782	'	'	'	'
Purchases	-147,543	'	'	'	'
Ending Balance	323,339	323,339	313,813	'	'
Equity Securities [Member]	'	'	'	'	'
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]	'	'	'	'	'
Beginning Balance	'	'	32,096,586	'	'
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share, Unobservable Input, Realized Gain (Loss), Total	971,664	'	'	'	'
Total Unrealized Gains (Losses) Included in Other Comprehensive Income	668,258	'	'	'	'
Purchases	-3,756,250	'	'	'	'
Ending Balance	29,980,258	29,980,258	32,096,586	'	'
Measured on a recurring basis [Member]	'	'	'	'	'
Assets [Abstract]	'	'	'	'	'
Fixed Maturities, available for sale	178,464,064	178,464,064	174,409,824	'	'
Equity Securities, available for sale	41,683,472	41,683,472	40,514,978	'	'
Trading Securities	5,778,454	5,778,454	6,614,111	'	'
Total Financial Assets	225,925,990	225,925,990	221,538,913	'	'
Liabilities [Abstract]	'	'	'	'	'
Trading Securities	162,102	162,102	357,439	'	'
Measured on a recurring basis [Member] | Level 1 [Member]	'	'	'	'	'
Assets [Abstract]	'	'	'	'	'
Fixed Maturities, available for sale	19,415,175	19,415,175	19,407,301	'	'
Equity Securities, available for sale	4,813,626	4,813,626	1,643,803	'	'
Trading Securities	5,778,454	5,778,454	6,614,111	'	'
Total Financial Assets	30,007,255	30,007,255	27,665,215	'	'
Liabilities [Abstract]	'	'	'	'	'
Trading Securities	162,102	162,102	357,439	'	'
Measured on a recurring basis [Member] | Level 2 [Member]	'	'	'	'	'
Assets [Abstract]	'	'	'	'	'
Fixed Maturities, available for sale	158,725,550	158,725,550	154,688,710	'	'
Equity Securities, available for sale	6,889,588	6,889,588	6,774,589	'	'
Trading Securities	0	0	0	'	'
Total Financial Assets	165,615,138	165,615,138	161,463,299	'	'
Liabilities [Abstract]	'	'	'	'	'
Trading Securities	0	0	0	'	'
Measured on a recurring basis [Member] | Level 3 [Member]	'	'	'	'	'
Assets [Abstract]	'	'	'	'	'
Fixed Maturities, available for sale	323,339	323,339	313,813	'	'
Equity Securities, available for sale	29,980,258	29,980,258	32,096,586	'	'
Trading Securities	0	0	0	'	'
Total Financial Assets	30,303,597	30,303,597	32,410,399	'	'
Liabilities [Abstract]	'	'	'	'	'
Trading Securities	$0	$0	$0	'	'

CREDIT_ARRANGEMENTS_Details

CREDIT ARRANGEMENTS (Details) (USD $)

Jun. 30, 2014

Jun. 30, 2014

Dec. 31, 2013

Oct. 28, 2013

Jun. 30, 2014

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Jun. 30, 2014

Dec. 31, 2013

UTG 2012-11-20 [Member]

UTG 2012-11-20 [Member]

UTG 2012-11-20 [Member]

UTG Avalon 2011-12-28 [Member]

UTG Avalon 2013-03-28 [Member]

UTG Avalon 2013-03-28 [Member]

UG 2010-12-28 [Member]

UG 2010-12-28 [Member]

HPG Acquisition 2007-02-07 [Member]

HPG Acquisitions 2012-12-27 [Member]

HPG Acquisitions 2012-12-27 [Member]

Subsequent Event [Member]

Debt Instrument [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

Issue Date

'

'

'

'

'

'

'

'

'

7-Feb-07

27-Dec-12

'

Maturity Date

'

'

'

'

'

'

'

'

'

7-Nov-17

4-Mar-18

'

Outstanding Principal Balance

'

'

'

'

'

'

'

'

'

'

$12,000,000

$12,000,000

Interest Rate

'

'

'

'

'

'

'

'

'

5.00%

4.00%

'

Lines of Credit [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

Issue Date

'

20-Nov-13

'

'

28-Dec-11

28-Mar-13

'

28-Dec-10

'

'

'

'

Maturity Date

'

20-Nov-14

'

'

3-Jan-14

28-Mar-15

'

5-Dec-14

'

'

'

'

Revolving Credit Limit

'

8,000,000

'

'

'

5,000,000

'

15,000,000

'

'

'

'

Outstanding Balance

'

1,197,534

2,097,534

'

'

5,000,000

5,000,000

0

0

'

'

'

Borrowings

'

0

'

1,600,000

'

0

'

0

'

'

'

'

Repayments

'

900,000

'

'

'

0

'

0

'

'

'

'

Interest Rate

'

3.75%

'

'

4.00%

4.00%

'

'

'

'

'

'

Assets Pledged

'

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

'

'

'

'

'

'

'

'

'

'

Frequency of Payments

'

'

'

'

'two semi-annual

'two semi-annual

'

'

'

'

'

'

Interest Rate Description

'

'

'

'

'

'0.50% above the lowest of the U.S. Prime Rates as published in the money section of the Wall Street Journal with a floor rate of 4%.

'

'

'

'

'

'

Additional Credit Capacity

'

'

'

'

'

'

'

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

'

'

'

'

Borrowing Capacity

'

'

'

'

'

'

'

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

'

'

'

'

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

'

'

'

'

'

'

'

'

'

'

'

'

2013

1,197,534

'

'

'

'

'

'

'

'

'

'

'

2014

5,345,460

'

'

'

'

'

'

'

'

'

'

'

2015

478,193

'

'

'

'

'

'

'

'

'

'

'

2016

499,277

'

'

'

'

'

'

'

'

'

'

'

2017

$10,677,070

'

'

'

'

'

'

'

'

'

'

'

SHAREHOLDERS_EQUITY_Details

SHAREHOLDERS' EQUITY (Details) (USD $)	6 Months Ended
	Jun. 30, 2014
STOCK REPURCHASE PROGRAM [Abstract]	'
Stock repurchase program authorized amount	$6,000,000,000,000
Treasury Stock, Shares, Acquired	14,743
Amount paid to repurchase shares during the year	173,774
Amount of common stock repurchased	$5,100,000
Number of common stock acquired (in shares)	603,269

COMMITMENTS_AND_CONTINGENCIES_1

COMMITMENTS AND CONTINGENCIES (Details) (USD $)	6 Months Ended
	Jun. 30, 2014
Liability for contingent costs [Line Items]	'
Litigation Settlement, Amount	$3,000,000
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	4,000,000
Unfunded Commitment	2,137,000
Marcellus HBPI, LLP [Member]	'
Investment Commitment [Line Items]	'
Total Funding Commitment	1,800,000
Unfunded Commitment	141,300
PBEX, LLC [Member]	'
Investment Commitment [Line Items]	'
Total Funding Commitment	5,600,000
Unfunded Commitment	1,400,000
Sovereign's Capital, LP [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	1,056,000
ACAP [Member]	'
Liability for contingent costs [Line Items]	'
Loss Contingency Accrual, Ending Balance	3,000,000
Loss Contingency	$3,000,000
Share Conversion	'

OTHER_CASH_FLOW_DISCLOSURES_De

OTHER CASH FLOW DISCLOSURES (Details) (USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
OTHER CASH FLOW DISCLOSURES [Abstract]	'	'	'	'
Interest expense paid	$14,648	$15,643	$34,320	$32,041
Federal income tax	0	1,415,000	0	3,465,000
Noncash transaction LOC	5,000,000	'	5,000,000	'
Cash to purchaser	'	'	3,100,000,000,000	'
Approximate future policyholder benefits	'	'	3,700,000,000,000	'
Approximate cost of insurance acquired	600,000	'	'	'
Noncash transaction short term investments	6,300,000	'	6,300,000	'
Noncash transaction real estate	$6,300,000	'	$6,300,000	'