UTG (UTGN) 10-K 25 Mar 15 2014 FY Annual report Financial data

Document_and_Entity_Informatio

Document and Entity Information (USD $)	9 Months Ended	12 Months Ended
	Sep. 30, 2014	Dec. 31, 2014	Jul. 31, 2014	Jun. 30, 2013
Document and Entity Information [Abstract]
Entity Registrant Name		UTG INC
Entity Central Index Key		832480
Current Fiscal Year End Date		-19
Entity Well-known Seasoned Issuer		No
Entity Voluntary Filers		No
Entity Current Reporting Status		No
Entity Filer Category	Smaller Reporting Company
Entity Public Float				$0
Entity Common Stock, Shares Outstanding			0
Document Fiscal Year Focus		2014
Document Fiscal Period Focus		FY
Document Type		10-K
Amendment Flag		FALSE
Document Period End Date		31-Dec-14

Balance_Sheet

Balance Sheet (USD $)	Dec. 31, 2014	Dec. 31, 2013
Investments available for sale:
Fixed maturities, at fair value	$197,481,456	$174,409,824
Equity securities, at fair value	40,996,002	40,514,978
Trading securities, at fair value	3,826,250	6,614,111
Mortgage loans on real estate at amortized cost	14,060,930	14,454,534
Discounted mortgage loans on real estate at cost	9,101,052	12,830,735
Investment real estate	51,007,101	83,585,359
Policy loans	11,104,485	11,860,960
Short-term investments	4,382,181	0
Total investments	331,959,457	344,270,501
Cash and cash equivalents	13,977,443	19,838,618
Accrued investment income	2,662,865	2,432,939
Future policy benefits	27,906,905	28,767,326
Policy claims and other benefits	3,788,294	3,926,736
Cost of insurance acquired	9,047,984	10,636,412
Deferred policy acquisition costs	0	369,786
Property and equipment, net of accumulated depreciation	2,475,829	1,185,108
Income tax receivable	0	1,296,043
Other assets	8,081,461	4,390,620
Total assets	399,900,238	417,114,089
Liabilities:
Future policyholder benefits	275,044,909	286,472,435
Policy claims and benefits payable	3,208,324	3,283,897
Other policyholder funds	341,248	378,772
Dividend and endowment accumulations	14,239,054	14,162,510
Income tax payable	1,933,243	0
Deferred income taxes	9,413,794	9,633,641
Notes payable	4,400,000	19,097,534
Trading securities liabilities, at fair value	23,853	357,439
Other liabilities	7,723,213	5,860,420
Total liabilities	316,327,638	339,246,648
Common stock	3,706	3,776
Additional paid-in capital	43,122,944	44,050,778
Retained earnings	32,145,662	25,169,646
Accumulated other comprehensive income	6,853,974	3,459,401
Total UTG shareholders' equity	82,126,286	72,683,601
Noncontrolling interests	1,446,314	5,183,840
Total shareholders' equity	83,572,600	77,867,441
Total liabilities and shareholders' equity	$399,900,238	$417,114,089

Balance_Sheet_Parenthetical

Balance Sheet Parenthetical (USD $)	Dec. 31, 2014	Dec. 31, 2013
Investments available for sale:
Fixed maturities, amortized cost	$188,634,364	$171,085,396
Equity securities, cost	39,275,638	38,625,230
Trading securities, cost	5,179,850	6,924,413
Liabilities:
Trading Securities, Proceeds	$464,215	$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)	3,706,780	3,776,197

Income_Statement

Income Statement (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Revenues:
Premiums and policy fees	$11,667,248	$12,392,056
Reinsurance premiums and policy fees	-3,126,914	-3,214,562
Net investment income	16,349,719	22,263,835
Other income	1,676,602	2,035,166
Revenues before realized gains (losses)	26,566,655	33,476,495
Realized investment gains (losses), net:
Other-than-temporary impairments	-162,905	-1,201,775
Other realized investment gains, net	17,221,078	2,091,028
Total realized investment gains, net	17,058,173	889,253
Total revenues	43,624,828	34,365,748
Benefits, claims and settlement expenses:
Life	21,404,297	20,701,727
Reinsurance benefits and claims	-2,855,202	-3,003,022
Annuity	597,792	1,045,410
Dividends to policyholders	479,158	524,993
Commissions and amortization of deferred policy acquisition costs	432,695	-37,775
Amortization of cost of insurance acquired	985,650	1,064,353
Operating expenses	10,776,690	8,716,167
Interest expense	677,079	702,959
Total benefits and other expenses	32,498,159	29,714,812
Income before income taxes	11,126,669	4,650,936
Income tax expense	-1,082,927	-780,924
Net income	10,043,742	3,870,012
Net income attributable to noncontrolling interest	-3,067,726	-617,684
Net income attributable to common shareholders'	$6,976,016	$3,252,328
Amounts attributable to common shareholders':
Basic income per share (in dollars per share)	$1.86	$0.86
Diluted income per share (in dollars per share)	$1.86	$0.86
Basic weighted average shares outstanding (in shares)	3,750,239	3,787,913
Diluted weighted average shares outstanding (in shares)	3,750,239	3,787,913

Consolidated_Statement_of_Comp

Consolidated Statement of Comprehensive Income (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Condensed Consolidated Statement of Comprehensive Income [Abstract]
Net Income	$10,043,742	$3,870,012
Other comprehensive income, net of tax
Unrealized holding gains/(losses) arising during period	6,501,163	-7,948,562
Other Comprehensive Income (Loss), Unrealized Holding Gain (Loss) on Securities Arising During Period, Tax	-2,275,407	2,781,997
Other Comprehensive Income (Loss), Unrealized Holding Gain (Loss) on Securities Arising During Period, Net of Tax	4,225,756	-5,166,565
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, before Tax	-1,278,743	-1,597,692
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, Tax	447,560	559,192
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, Net of Tax	-831,183	-1,038,500
Subtotal: Other comprehensive income (loss), net of tax	3,394,573	-6,205,065
Comprehensive income	13,438,315	-2,335,053
Less comprehensive income attributable to noncontrolling interests	-3,067,726	-617,684
Comprehensive income attributable to UTG, Inc.	$10,370,589	($2,952,737)

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, 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
Issued during year	68,947	4	68,943	0	0	0
Treasury shares acquired and retired	-996,851	-74	-996,777	0	0	0
Net income attributable to common shareholders	6,976,016	0	0	6,976,016	0	0
Unrealized holding income (loss) on securities net of noncontrolling and reclassification adjustment and taxes	3,394,573	0	0	0	3,394,573	0
Contributions	185,689	0	0	0	0	185,689
Distributions	-6,990,941	0	0	0	0	-6,990,941
Gain attributable to noncontrolling interest	3,067,726	0	0	0	0	3,067,726
Balance, end of period at Dec. 31, 2014	$83,572,600	$3,706	$43,122,944	$32,145,662	$6,853,974	$1,446,314

Statement_of_Cash_Flows

Statement of Cash Flows (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Cash flows from operating activities:
Net income attributable to common shareholders	$6,976,016	$3,252,328
Accretion of investments	-2,161,508	-4,861,780
Realized investment gains, net	-17,058,173	-889,253
Unrealized trading gains included in income	722,573	36,876
Realized trading (gains) losses included in income	143,957	288,631
Amortization of deferred policy acquisition costs	369,786	56,432
Amortization of cost of insurance acquired	985,650	1,064,353
Depreciation	1,303,829	1,260,697
Net income attributable to noncontrolling interest	3,067,726	617,684
Charges for mortality and administration of universal life and annuity products	-6,651,876	-6,885,257
Interest credited to account balances	4,985,077	5,118,692
Change in accrued investment income (loss)	-229,926	11,851
Change in reinsurance receivables	998,863	1,116,386
Change in policy liabilities and accruals	-5,123,893	-6,146,134
Change in income taxes payable	3,229,286	-3,318,794
Change in other assets and liabilities, net	-5,197,626	-1,666,512
Net cash provided by (used in) operating activities	-13,640,239	-10,943,800
Cash flows from investing activities:
Fixed maturities available for sale	44,228,405	37,802,120
Equity securities available for sale	14,686,816	681,209
Trading securities	1,992,704	24,017,415
Mortgage loans	2,121,284	15,428,176
Discounted mortgage loans	6,919,641	17,424,049
Real estate	53,674,168	8,880,306
Policy loans	3,322,613	3,617,041
Short term investment	960,148	0
Total proceeds from investments sold and matured	127,905,779	107,850,316
Cost of investments acquired:
Fixed maturities available for sale	-60,986,549	-34,443,048
Equity securities available for sale	-12,963,380	-10,428,300
Trading securities	-371,388	-24,105,644
Mortgage loans	-1,727,680	-4,539,234
Discounted mortgage loans	-621,210	-12,222,291
Real estate	-7,424,311	-13,014,568
Policy loans	-2,566,138	-2,886,428
Short-term investments	-5,342,329	-25,000
Total cost of investments acquired	-92,002,985	-101,664,513
Disposal (purchase) of property and equipment	-1,600,000	0
Net cash used in investing activities	34,302,794	6,185,803
Cash flows from financing activities:
Policyholder contract deposits	5,304,502	5,798,948
Policyholder contract withdrawals	-6,323,472	-5,311,025
Proceeds from notes payable/line of credit	1,600,000	3,000,000
Payments of principal on notes payable/line of credit	-16,297,534	-2,760,420
Purchase of treasury stock	-927,904	-286,988
Non-controlling distributions of consolidated subsidiary	-6,833,748	834,854
Cash received in reinsurance recapture	-3,045,574	0
Net cash provided by (used in) financing activities	-26,523,730	1,275,369
Net increase (decrease) in cash and cash equivalents	-5,861,175	-3,482,628
Cash and cash equivalents at beginning of period	19,838,618	23,321,246
Cash and cash equivalents at end of period	$13,977,443	$19,838,618

SUMMARY_OF_SIGNIFICANT_ACCOUNT

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2014
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, 2014, Mr. Correll owns or controls directly and indirectly approximately  57.31 % 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 and other investments.  The investments were placed into the limited liability companies and partnerships to provide 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 or other intermediary.  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  $3,868,331 and $3,559,052 at December 31, 2014 and 2013, 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 $309,279 and $159,743 for the years ended December 31, 2014 and 2013, 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 7.5% 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. The mortality rate assumptions for policies currently issued by the Company are based on 2001 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, 2014 and 2013.
	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 did not have a material impact on the Company's consolidated financial statements.

INVESTMENTS

INVESTMENTS	12 Months Ended
	Dec. 31, 2014
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-14		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		$	23,036,161		$	1,970,791		$	-50,184		$	24,956,768
	States, municipalities and political subdivisions			95,000			2,385			0			97,385
	U.S. special revenue and assessments			1,137,702			13,739			-202,930			948,511
	Collateralized mortgage obligations			1,005,081			92,091			-6			1,097,166
	Public utilities			399,927			55,913			0			455,840
	All other corporate bonds			162,960,493			8,624,486			-1,659,193			169,925,786
				188,634,364			10,759,405			-1,912,313			197,481,456
	Equity securities			39,275,638			2,260,855			-540,491			40,996,002
	Total		$	227,910,002		$	13,020,260		$	-2,452,804		$	238,477,458
	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
	The following table provides a summary of fixed maturities by contractual maturity as of  December 31, 2014.  Actual maturities could differ from contractual maturities due to call or prepayment provisions:
	Fixed Maturities Available for Sale		Amortized			Estimated
	31-Dec-14		Cost			Fair Value
	Due in one year or less		$	2,723,893		$	2,787,390
	Due after one year through five years			19,444,054			20,607,694
	Due after five years through ten years			78,079,450			82,024,008
	Due after ten years			87,381,886			90,965,199
	Collateralized mortgage obligations			1,005,081			1,097,165
	Total		$	188,634,364		$	197,481,456
	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  $9,142,063 and $13,842,824 as of December 31, 2014 and 2013, respectively.  The investments are all classified as "All other corporate bonds".
	The fair value of investments with sustained gross unrealized losses at December 31, 2014 and 2013 are as follows:
	31-Dec-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		$	4,947,265		-50,184		$	4,947,265	-50,184
	U.S. special revenue and assessments			0		0			784,390		-202,930			784,390	-202,930
	Collateralized mortgage obligations			0		0			1,012		-6			1,012	-6
	All other corporate bonds			28,954,477		-416,560			3,535,206		-1,242,633			32,489,683	-1,659,193
	Total fixed maturities		$	28,954,477		-416,560		$	9,267,873		-1,495,753		$	38,222,350	-1,912,313
	Equity securities		$	6,067,132		-540,491		$	0		0		$	6,067,132	-540,491
	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
	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, 2014
Fixed maturities	18		7		25
Equity securities	25		0		25
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 December 31, 2014 and 2013 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, 2014 and 2013.
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, 2014 was $6,250 and $(23,853), 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.  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:
	2014			2013
Net unrealized gains (losses)	$	-722,573		$	-36,876
Net realized gains (losses)		245,995			35,932
Net unrealized and realized gains (losses)	$	-476,578		$	-944
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 2014 and 2013, the Company acquired $2,348,890 and $16,761,525 in mortgage loans, respectively, including both regular participation mortgage loans as well as discounted mortgage loans.  FSNB services the majority of the Company's mortgage loan portfolio. 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 cost to cover costs incurred by FSNB relating to the processing and establishment of the loan.
During 2014 and 2013, the maximum and minimum lending rates for mortgage loans were:
	2014				2013
	Maximum		Minimum		Maximum		Minimum
	rate		rate		rate		rate
Commercial Loans	10.00%		3.91%		10.00%		3.25%
Residential Loans	8.00%		7.00%		8.00%		7.00%
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 27.3% 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, 2014 and 2013.
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, 2014:
		Number of Loans		Carrying
Payment Frequency				Value
No payments received		8		$	0
One-time payment received		1			0
Irregular payments received		5			3,614,448
Periodic payments received		9			5,486,604
Total		23		$	9,101,052
The following table summarizes discounted mortgage loan holdings of the Company for the periods ended December 31:
	2014			2013
In good standing	$	1,267,524		$	1,493,437
Overdue interest over 90 days		3,130,290			4,875,812
Restructured		219,973			4,037,814
In process of foreclosure		4,483,265			2,423,672
Total discounted mortgage loans	$	9,101,052		$	12,830,735
Total foreclosed discounted mortgage loans during the year	$	56,576		$	6,294,403
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:
	2014			2013
Fixed maturities	$	8,225,640		$	8,060,930
Equity securities		3,255,611			2,955,918
Trading securities		-476,578			-944
Mortgage loans		925,862			888,960
Discounted mortgage loans		3,666,991			7,672,483
Real estate		8,695,153			9,967,590
Policy loans		760,715			782,358
Cash and cash equivalents		505			0
Short-term investments		70,578			1,060
Total consolidated investment income		25,124,477			30,328,355
Investment expenses		-8,774,758			-8,064,520
Consolidated net investment income	$	16,349,719		$	22,263,835
The following table reflects the Company's net realized investments gains and losses for the periods ended December 31:
2014		Gross			Gross			Net
		Realized			Realized			Realized
		Gains			(Losses)			Gains (Losses)
Fixed maturities		$	2,414,160		$	-1,135,417		$	1,278,743
Real estate			14,757,451			-1,460,332			13,297,119
Common stock			673,821			-14,908			658,913
Preferred stock			1,986,303			0			1,986,303
Real estate – OTTI			0			-35,946			-35,946
Common stock – OTTI			0			-126,959			-126,959
Total realized gains (losses)		$	19,831,735		$	-2,773,562		$	17,058,173
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
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:
	2014			2013
Other than temporary impairments:
Common stock	$	126,959		$	1,000,000
Real estate		35,946			201,775
Total other than temporary impairments	$	162,905		$	1,201,775
The other-than-temporary impairments recognized during 2014 and 2013 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 management's analysis and determination of value.  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 $10,635,716 and $10,824,094 on deposit with various state insurance departments as of December 31, 2014 and 2013, respectively.

FAIR_VALUE_MEASUREMENTS

FAIR VALUE MEASUREMENTS	12 Months Ended
	Dec. 31, 2014
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, 2014.
		Level 1		Level 2		Level 3		Total
	Assets
	Fixed Maturities, available for sale	$	13,374,878	$	183,236,853	$	869,725	$	197,481,456
	Equity Securities, available for sale		4,756,292		7,361,076		28,878,634		40,996,002
	Trading Securities		3,826,250		0		0		3,826,250
	Total	$	21,957,420	$	190,597,929	$	29,748,359	$	242,303,708
	Liabilities
	Trading Securities	$	23,853	$	0	$	0	$	23,853
	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 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, 2013	$	313,813	$	32,096,586	$	32,410,399
	Transfers in to Level 3		0		0		0
	Total unrealized gains (losses):
	Included in realized gains (losses)		174,660		1,986,304		2,160,964
	Included in other comprehensive income		194,420		657,994		852,414
	Purchases		500,000		1,818,000		2,318,000
	Sales		-313,168		-7,680,250		-7,993,418
	Balance at December 31, 2014	$	869,725	$	28,878,634	$	29,748,359
	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, 2014.  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-14				31-Dec-13
		Carrying		Estimated		Carrying		Estimated
		Amount		Fair		Amount		Fair
	Assets			Value				Value
	Mortgage loans on real estate	$	14,060,930	$	14,236,676	$	14,454,534	$	14,734,756
	Discounted mortgage loans		9,101,052		9,101,052		12,830,735		12,830,735
	Investment real estate		51,007,101		51,007,101		83,585,359		83,585,359
	Policy loans		11,104,485		11,104,485		11,860,960		11,860,960
	Cash and cash equivalents		13,977,443		13,977,443		19,838,618		19,838,618
	Short term investments		4,382,181		4,382,181		0		0
	Collateral and non-collateral loans		5,612,560		5,612,560		2,662,560		2,662,560
	Liabilities
	Notes payable		4,400,000		4,400,000		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 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 Company invests in collateral and non-collateral loans that are reported in the other assets balance on the Company's Consolidated Balance Sheets.  The loans are carried at their unpaid principal balances, which approximates fair value. The inputs used to measure the fair value of the loans 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, 2014
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, 2014, the Company had gross insurance in-force of $1.4 billion of which approximately $287 million was ceded to reinsurers.  At December 31, 2013, the Company had gross insurance in-force of $1.5 billion of which approximately $313 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 63% and 62% of UG's reinsurance reserve credit, as of December 31, 2014 and 2013, 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 had insurance in-force of approximately $6,815,000, 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.  Effective July 1, 2014, the Company acquired the 15% profit share on this block of business from Canada Life for $300,000. This payment effectively settled any future obligations of the Company to the reinsurer under this agreement.
	During 2014, the Company disposed of a block of business through an assumption reinsurance agreement, whereby the Company transferred cash of $3,000,000 and extinguished reserves of $3,600,000 and reduced cost of insurance acquired by $600,000.
	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, 2014, the IOV insurance in-force assumed by UG was approximately $1,503,000, with reserves being held on that amount of approximately $346,000.  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.
	The Company does not have any short-duration reinsurance contracts.  The effect of the Company's long-duration reinsurance contracts on premiums earned in 2014 and 2013 were as follows:
		2014		2013
		Premiums		Premiums
		Earned		Earned
	Direct	$	11,642,000	$	12,361,000
	Assumed		26,000		31,000
	Ceded		-3,127,000		-3,215,000
	Net Premiums	$	8,541,000	$	9,177,000

COST_OF_INSURANCE_ACQUIRED

COST OF INSURANCE ACQUIRED	12 Months Ended
	Dec. 31, 2014
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.
		2014			2013
	Cost of insurance acquired, beginning of year	$	10,636,412		$	11,700,765
	Sale of block of business		-602,778			0
	Interest accretion		1,298,980			1,426,703
	Amortization		-2,284,630			-2,491,056
	Net amortization		-985,650			-1,064,353
	Cost of insurance acquired, end of year	$	9,047,984		$	10,636,412
		2014			2013
	Cost of insurance acquired, beginning of year	$	10,636,412		$	11,700,765
	Sale of block of business		-602,778			0
	Interest accretion		1,298,980			1,426,703
	Amortization		-2,284,630			-2,491,056
	Net amortization		-985,650			-1,064,353
	Cost of insurance acquired, end of year	$	9,047,984		$	10,636,412
	Estimated net amortization expense of cost of insurance acquired for the next five years is as follows:
		Interest		Amortization		Net
		Accretion				Amortization
	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
	2019	770,000		1,546,000		776,000
	Estimated net amortization expense of cost of insurance acquired for the next five years is as follows:
		Interest		Amortization		Net
		Accretion				Amortization
	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
	2019	770,000		1,546,000		776,000

INCOME_TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2014
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:
		2014		2013
	Current tax	$	3,233,286	$	87,815
	Deferred tax		-2,150,359		693,109
		$	1,082,927	$	780,924
	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:
		2014		2013
	Tax computed at statutory rate	$	3,894,334	$	1,627,828
	Changes in taxes due to:
	Non-controlling interest		-1,073,704		-216,189
	Current period loss for which no tax benefit was recognized		17,401		0
	Small company deduction		-134,653		-437,070
	Dividend received deduction		-1,414,353		-92,477
	Other		-206,098		-101,168
	Income tax expense	$	1,082,927	$	780,924
	The following table summarizes the major components that comprise the deferred tax liability as reflected in the balance sheets:
		2014		2013
	Investments	$	2,728,928	$	2,202,177
	Cost of insurance acquired		3,166,794		3,722,744
	Deferred policy acquisition costs		0		129,425
	Management/consulting fees		-57,454		-63,665
	Future policy benefits		1,778,105		2,038,699
	Deferred gain on sale of subsidiary		2,312,483		2,312,483
	Other assets (liabilitie)		-127,461		66,732
	Federal tax DAC		-387,601		-774,954
	Deferred tax liability	$	9,413,794	$	9,633,641
	At December 31, 2014 and 2013, respectively, the Company had gross deferred tax assets of $2,405,249 and $2,562,650, respectively, and gross deferred tax liabilities of $11,819,043 and $12,196,291, 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 2011.  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, 2014
NOTES PAYABLE [Abstract]
CREDIT ARRANGEMENTS	Note 7 – Credit Arrangements
	At December 31, 2014 and 2013, the Company had the following outstanding debt:
						Outstanding Principal Balance
	Instrument	Issue		Maturity Date		31-Dec-14			31-Dec-13
		Date
	Promissory Note:
	HPG Acquisitions	12/27/12		3/4/18		$	0		$	12,000,000
	UTG Avalon	12/29/14		4/1/18			4,400,000			0
	Instrument		Issue Date		Maturity Date		Revolving Credit Limit			31-Dec-12		Borrowings	Repayments	31-Dec-13
	Lines of Credit:
	UTG		11/20/13		11/20/15		$	8,000,000		$	2,097,534	1,600,000	3,697,534	$	0
	UTG Avalon		3/28/13		3/28/14			5,000,000			5,000,000	0	5,000,000		0
	The HPG Acquisitions promissory note issued on December 27, 2012 was secured by real estate owned by HPG. The promissory note carried interest at a fixed rate of 4% and was payable monthly. Principal was payable monthly beginning in the third year of the note. This note was fully repaid in November of 2014 when the assets of HPG were sold.
	The UTG Avalon promissory note issued on December 29, 2014 carries interest at a rate of 3.50 % with interest payable quarterly beginning in July of 2015.  The interest is a variable rate that is equal to 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 any change in interest rate is effective the first day of the month following the rate change. Principal is due upon maturity 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 borrorwed an additional $1,600,000 on the line of credit. The proceeds were used to purchase an interest in an aircraft.  The Company made principal payments of  $3,697,534 on the line of credit during 2014.
	The UTG Avalon line of credit issued on March 28, 2013 carried interest at a rate of 4.00 % with interest payable monthly.  The interest rate was a variable rate that was 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 was subject to change monthly and changes in the interest rate were effective on the first day of the month following the rate change. This line of credit was repaid in December of 2014 and replaced by the promissory note described above.
	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 2014 or 2013.  The FHLB offers a wide range of borrowing options to its members. Since the Company did not utilize their FHLB line of credit during the past two years, the Company did not renew the line of credit.  The Company has the capability of accessing the FHLB's various borrowing options shall the need arise at a later date.
	The consolidated scheduled principal reductions on the notes payable for the next five years are as follows:
	Year		Amount
	2015		$	0
	2016			0
	2017			0
	2018			4,400,000
	2019			0

COMMITMENTS_AND_CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Dec. 31, 2014
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.
	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 December 31, 2014 related to certain investments:
		Total Funding		Unfunded
		Commitment		Commitment
	RLF III, LLC	$	4,000,000	$	398,120
	Llano Music, LLC		4,000,000		1,904,000
	MM-Marcellus HBP1, LP		1,800,000		141,300
	Sovereign's Capital, LP		500,000		185,000
	MM-Appalachia IV, LP		2,475,000		371,250
	UGLIC, LLC		1,600,000		800,000
	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.  The Company increased its funding commitment by $2,000,000 during 2014. Llano makes capital calls to its investors as funds are needed to acquire the royalty rights.
	During 2012, the Company committed to invest in MM-Marcellus HBP1, LP, which purchases land for leasing opportunities to those looking to harvest natural resources. MM-Marcellus HPB1, LP 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. During the first quarter of 2015, the Company committed to invest an additional $825,000 in this investment. Also, during the first quarter of 2015, MM-Appalachia IV, LP called $371,250 of the unfunded commitment.
	During 2014, the Company committed to invest in UGLIC, LLC, which purchases real estate tax receivables.  UGLIC, LLC makes capital calls as funds are needed for additional purchases.

SHAREHOLDERS_EQUITY

SHAREHOLDERS' EQUITY	12 Months Ended
	Dec. 31, 2014
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. During December of 2014, the Board of Directors approved a resolution to increase the repurchase amount by $1 million for a total repurchase of $7 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 2014, the Company repurchased 74,172 shares through the stock repurchase program for $996,851.  Through December 31, 2014, UTG has spent $6.1 million in the acquisition of 662,698 shares under this program.
	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 of 2014, the Company issued 4,755 shares of its common stock as compensation to the Directors.  The shares were valued at $14.50 per share, the market value at the date of issue. During 2014, the Company recorded $68,948 in operating expense related to the stock issuance.  In December of 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 recorded $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:
		2014	2013
	Basic weighted average shares outstanding	3,750,239	3,787,913
	Weighted average dilutive options outstanding	0	0
	Diluted weighted average shares outstanding	3,750,239	3,787,913
	The computation of diluted earnings per share is the same as basic earnings per share for the years ending December 31, 2014 and 2013, 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, 2014, 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 $4,800,000 and $2,700,000 to UTG in 2014 and 2013, respectively. No extraordinary dividends were paid during the two year period. UTG used the dividends received during 2013 and 2014 to retire its outstanding debt and purchase outstanding shares of UTG stock.

STATUTORY_ACCOUNTING

STATUTORY ACCOUNTING	12 Months Ended
	Dec. 31, 2014
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:
		2014		2013
	Net income	$	12,200,025	$	4,842,879
	Capital and surplus		41,146,686		34,897,819

RELATED_PARTY_TRANSACTIONS

RELATED PARTY TRANSACTIONS	12 Months Ended
	Dec. 31, 2014
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 during 2014 and 2013.  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 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 paid a monthly operational fee of $25,000 through July of 2014 when the aircraft was sold.  During July of 2014, the Company acquired a different aircraft.  UTG paid $1,600,000 in the acquisition of the aircraft, increasing the Company's ownership interest to 30.10 %.  The aircraft is used for business related travel by various officers and employees of the Company. For years 2014 and 2013, UTG paid $879,453 and $427,776 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 2014 and 2013, UG paid $8,902,568 and $7,442,588 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 cost to cover costs incurred by FSNB relating to the processing and establishment of the loan.  The Company paid $33,894 and $93,285 in servicing fees and $0 and $1,250 in origination fees to FSNB during 2014 and 2013, respectively.
	The Company reimbursed expenses incurred by employees of FSNB relating to salaries, travel and other costs incurred on behalf of or relating to the Company.  The Company paid $325,479 and $56,510 in 2014 and 2013, respectively to FSNB in reimbursement of such costs.  In addition, the Company reimburses 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 $332,725 and $332,029 in 2014 and 2013, respectively, which included salaries and other benefits.

OTHER_CASH_FLOW_DISCLOSURES

OTHER CASH FLOW DISCLOSURES	12 Months Ended
	Dec. 31, 2014
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:
		2014		2013
	Interest expense	$	635,664	$	751,773
	Federal income tax		4,000		3,465,000
	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 fourth quarter of 2014, UG's wholly-owned subsidiary, UTG Avalon, LLC, entered into a noncash transaction whereby the subsidiary obtained a promissory note in the amount of $4.4 million and utilized the note to repay the 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, 2014
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, 2014, approximately 54% of the Company's total direct premium was collected from Illinois, Ohio, Texas and West Virginia. As of December 31, 2013, approximately 54% 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, 2014 and 2013.  Insurance ceded represented 29% and 27% of premium income for 2014 and 2013, 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, 2014
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, 2014
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 or other intermediary.  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  $3,868,331 and $3,559,052 at December 31, 2014 and 2013, 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 $309,279 and $159,743 for the years ended December 31, 2014 and 2013, 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 7.5% 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. The mortality rate assumptions for policies currently issued by the Company are based on 2001 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, 2014 and 2013.
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 did not have a material impact on the Company's consolidated financial statements.

INVESTMENTS_Tables

INVESTMENTS (Tables)	12 Months Ended
	Dec. 31, 2014
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-14		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		$	23,036,161		$	1,970,791		$	-50,184		$	24,956,768
	States, municipalities and political subdivisions			95,000			2,385			0			97,385
	U.S. special revenue and assessments			1,137,702			13,739			-202,930			948,511
	Collateralized mortgage obligations			1,005,081			92,091			-6			1,097,166
	Public utilities			399,927			55,913			0			455,840
	All other corporate bonds			162,960,493			8,624,486			-1,659,193			169,925,786
				188,634,364			10,759,405			-1,912,313			197,481,456
	Equity securities			39,275,638			2,260,855			-540,491			40,996,002
	Total		$	227,910,002		$	13,020,260		$	-2,452,804		$	238,477,458
	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
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, 2014.  Actual maturities could differ from contractual maturities due to call or prepayment provisions:
	Fixed Maturities Available for Sale		Amortized			Estimated
	31-Dec-14		Cost			Fair Value
	Due in one year or less		$	2,723,893		$	2,787,390
	Due after one year through five years			19,444,054			20,607,694
	Due after five years through ten years			78,079,450			82,024,008
	Due after ten years			87,381,886			90,965,199
	Collateralized mortgage obligations			1,005,081			1,097,165
	Total		$	188,634,364		$	197,481,456
Fair value of investments with sustained gross unrealized losses	The fair value of investments with sustained gross unrealized losses at December 31, 2014 and 2013 are as follows:
	31-Dec-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		$	4,947,265		-50,184		$	4,947,265	-50,184
	U.S. special revenue and assessments			0		0			784,390		-202,930			784,390	-202,930
	Collateralized mortgage obligations			0		0			1,012		-6			1,012	-6
	All other corporate bonds			28,954,477		-416,560			3,535,206		-1,242,633			32,489,683	-1,659,193
	Total fixed maturities		$	28,954,477		-416,560		$	9,267,873		-1,495,753		$	38,222,350	-1,912,313
	Equity securities		$	6,067,132		-540,491		$	0		0		$	6,067,132	-540,491
	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
	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, 2014
	Fixed maturities	18		7		25
	Equity securities	25		0		25
	As of December 31, 2013
	Fixed maturities	30		5		35
	Equity securities	0		0		0
Trading revenue charged to investment	The following table reflects trading securities revenue charged to net investment income for the periods ended December 31:
		2014			2013
	Net unrealized gains (losses)	$	-722,573		$	-36,876
	Net realized gains (losses)		245,995			35,932
	Net unrealized and realized gains (losses)	$	-476,578		$	-944
Loan payment performance since inception	During 2014 and 2013, the maximum and minimum lending rates for mortgage loans were:
		2014				2013
		Maximum		Minimum		Maximum		Minimum
		rate		rate		rate		rate
	Commercial Loans	10.00%		3.91%		10.00%		3.25%
	Residential Loans	8.00%		7.00%		8.00%		7.00%
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, 2014:
			Number of Loans		Carrying
	Payment Frequency				Value
	No payments received		8		$	0
	One-time payment received		1			0
	Irregular payments received		5			3,614,448
	Periodic payments received		9			5,486,604
	Total		23		$	9,101,052
	The following table summarizes discounted mortgage loan holdings of the Company for the periods ended December 31:
		2014			2013
	In good standing	$	1,267,524		$	1,493,437
	Overdue interest over 90 days		3,130,290			4,875,812
	Restructured		219,973			4,037,814
	In process of foreclosure		4,483,265			2,423,672
	Total discounted mortgage loans	$	9,101,052		$	12,830,735
	Total foreclosed discounted mortgage loans during the year	$	56,576		$	6,294,403
Schedule of Net Investment Income	The following table reflects the Company's net investment income for the periods ended December 31:
		2014			2013
	Fixed maturities	$	8,225,640		$	8,060,930
	Equity securities		3,255,611			2,955,918
	Trading securities		-476,578			-944
	Mortgage loans		925,862			888,960
	Discounted mortgage loans		3,666,991			7,672,483
	Real estate		8,695,153			9,967,590
	Policy loans		760,715			782,358
	Cash and cash equivalents		505			0
	Short-term investments		70,578			1,060
	Total consolidated investment income		25,124,477			30,328,355
	Investment expenses		-8,774,758			-8,064,520
	Consolidated net investment income	$	16,349,719		$	22,263,835
Net realized investment gains losses	The following table reflects the Company's net realized investments gains and losses for the periods ended December 31:
	2014		Gross			Gross			Net
			Realized			Realized			Realized
			Gains			(Losses)			Gains (Losses)
	Fixed maturities		$	2,414,160		$	-1,135,417		$	1,278,743
	Real estate			14,757,451			-1,460,332			13,297,119
	Common stock			673,821			-14,908			658,913
	Preferred stock			1,986,303			0			1,986,303
	Real estate – OTTI			0			-35,946			-35,946
	Common stock – OTTI			0			-126,959			-126,959
	Total realized gains (losses)		$	19,831,735		$	-2,773,562		$	17,058,173
	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
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:
		2014			2013
	Other than temporary impairments:
	Common stock	$	126,959		$	1,000,000
	Real estate		35,946			201,775
	Total other than temporary impairments	$	162,905		$	1,201,775

FAIR_VALUE_MEASUREMENTS_Tables

FAIR VALUE MEASUREMENTS (Tables)	12 Months Ended
	Dec. 31, 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 consolidated balance sheet on a recurring basis as of December 31, 2014.
		Level 1		Level 2		Level 3		Total
	Assets
	Fixed Maturities, available for sale	$	13,374,878	$	183,236,853	$	869,725	$	197,481,456
	Equity Securities, available for sale		4,756,292		7,361,076		28,878,634		40,996,002
	Trading Securities		3,826,250		0		0		3,826,250
	Total	$	21,957,420	$	190,597,929	$	29,748,359	$	242,303,708
	Liabilities
	Trading Securities	$	23,853	$	0	$	0	$	23,853
	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 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, 2013	$	313,813	$	32,096,586	$	32,410,399
	Transfers in to Level 3		0		0		0
	Total unrealized gains (losses):
	Included in realized gains (losses)		174,660		1,986,304		2,160,964
	Included in other comprehensive income		194,420		657,994		852,414
	Purchases		500,000		1,818,000		2,318,000
	Sales		-313,168		-7,680,250		-7,993,418
	Balance at December 31, 2014	$	869,725	$	28,878,634	$	29,748,359
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-14				31-Dec-13
		Carrying		Estimated		Carrying		Estimated
		Amount		Fair		Amount		Fair
	Assets			Value				Value
	Mortgage loans on real estate	$	14,060,930	$	14,236,676	$	14,454,534	$	14,734,756
	Discounted mortgage loans		9,101,052		9,101,052		12,830,735		12,830,735
	Investment real estate		51,007,101		51,007,101		83,585,359		83,585,359
	Policy loans		11,104,485		11,104,485		11,860,960		11,860,960
	Cash and cash equivalents		13,977,443		13,977,443		19,838,618		19,838,618
	Short term investments		4,382,181		4,382,181		0		0
	Collateral and non-collateral loans		5,612,560		5,612,560		2,662,560		2,662,560
	Liabilities
	Notes payable		4,400,000		4,400,000		19,097,534		19,097,534

REINSURANCE_Tables

REINSURANCE (Tables)	12 Months Ended
	Dec. 31, 2014
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 2014 and 2013 were as follows:
		2014		2013
		Premiums		Premiums
		Earned		Earned
	Direct	$	11,642,000	$	12,361,000
	Assumed		26,000		31,000
	Ceded		-3,127,000		-3,215,000
	Net Premiums	$	8,541,000	$	9,177,000

COST_OF_INSURANCE_ACQUIRED_Tab

COST OF INSURANCE ACQUIRED (Tables)	12 Months Ended
	Dec. 31, 2014
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.
		2014			2013
	Cost of insurance acquired, beginning of year	$	10,636,412		$	11,700,765
	Sale of block of business		-602,778			0
	Interest accretion		1,298,980			1,426,703
	Amortization		-2,284,630			-2,491,056
	Net amortization		-985,650			-1,064,353
	Cost of insurance acquired, end of year	$	9,047,984		$	10,636,412
		2014			2013
	Cost of insurance acquired, beginning of year	$	10,636,412		$	11,700,765
	Sale of block of business		-602,778			0
	Interest accretion		1,298,980			1,426,703
	Amortization		-2,284,630			-2,491,056
	Net amortization		-985,650			-1,064,353
	Cost of insurance acquired, end of year	$	9,047,984		$	10,636,412
	Estimated net amortization expense of cost of insurance acquired for the next five years is as follows:
		Interest		Amortization		Net
		Accretion				Amortization
	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
	2019	770,000		1,546,000		776,000
	Estimated net amortization expense of cost of insurance acquired for the next five years is as follows:
		Interest		Amortization		Net
		Accretion				Amortization
	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
	2019	770,000		1,546,000		776,000

INCOME_TAXES_Tables

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2014
INCOME TAXES [Abstract]
Income tax expense (benefits)	Income tax expense (benefit) consists of the following components:
		2014		2013
	Current tax	$	3,233,286	$	87,815
	Deferred tax		-2,150,359		693,109
		$	1,082,927	$	780,924
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:
		2014		2013
	Tax computed at statutory rate	$	3,894,334	$	1,627,828
	Changes in taxes due to:
	Non-controlling interest		-1,073,704		-216,189
	Current period loss for which no tax benefit was recognized		17,401		0
	Small company deduction		-134,653		-437,070
	Dividend received deduction		-1,414,353		-92,477
	Other		-206,098		-101,168
	Income tax expense	$	1,082,927	$	780,924
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:
		2014		2013
	Investments	$	2,728,928	$	2,202,177
	Cost of insurance acquired		3,166,794		3,722,744
	Deferred policy acquisition costs		0		129,425
	Management/consulting fees		-57,454		-63,665
	Future policy benefits		1,778,105		2,038,699
	Deferred gain on sale of subsidiary		2,312,483		2,312,483
	Other assets (liabilitie)		-127,461		66,732
	Federal tax DAC		-387,601		-774,954
	Deferred tax liability	$	9,413,794	$	9,633,641

CREDIT_ARRANGEMENTS_Tables

CREDIT ARRANGEMENTS (Tables)	12 Months Ended
	Dec. 31, 2014
NOTES PAYABLE [Abstract]
Schedule of promissory note	At December 31, 2014 and 2013, the Company had the following outstanding debt:
						Outstanding Principal Balance
	Instrument	Issue		Maturity Date		31-Dec-14			31-Dec-13
		Date
	Promissory Note:
	HPG Acquisitions	12/27/12		3/4/18		$	0		$	12,000,000
	UTG Avalon	12/29/14		4/1/18			4,400,000			0
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		11/20/15		$	8,000,000		$	2,097,534	1,600,000	3,697,534	$	0
	UTG Avalon		3/28/13		3/28/14			5,000,000			5,000,000	0	5,000,000		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
	2015		$	0
	2016			0
	2017			0
	2018			4,400,000
	2019			0

COMMITMENTS_AND_CONTINGENCIES_

COMMITMENTS AND CONTINGENCIES (Tables)	12 Months Ended
	Dec. 31, 2014
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, 2014 related to certain investments:
		Total Funding		Unfunded
		Commitment		Commitment
	RLF III, LLC	$	4,000,000	$	398,120
	Llano Music, LLC		4,000,000		1,904,000
	MM-Marcellus HBP1, LP		1,800,000		141,300
	Sovereign's Capital, LP		500,000		185,000
	MM-Appalachia IV, LP		2,475,000		371,250
	UGLIC, LLC		1,600,000		800,000

SHAREHOLDERS_EQUITY_Tables

SHAREHOLDERS' EQUITY (Tables)	12 Months Ended
	Dec. 31, 2014
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:
		2014	2013
	Basic weighted average shares outstanding	3,750,239	3,787,913
	Weighted average dilutive options outstanding	0	0
	Diluted weighted average shares outstanding	3,750,239	3,787,913

STATUTORY_ACCOUNTING_Tables

STATUTORY ACCOUNTING (Tables)	12 Months Ended
	Dec. 31, 2014
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:
		2014		2013
	Net income	$	12,200,025	$	4,842,879
	Capital and surplus		41,146,686		34,897,819

OTHER_CASH_FLOW_DISCLOSURES_Ta

OTHER CASH FLOW DISCLOSURES (Tables)	12 Months Ended
	Dec. 31, 2014
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:
		2014		2013
	Interest expense	$	635,664	$	751,773
	Federal income tax		4,000		3,465,000

SUMMARY_OF_SIGNIFICANT_ACCOUNT2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Related Party Transaction [Line Items]
Maximum amount retained per individual life	$125,000	$125,000
Property, Plant and Equipment [Line Items]
Depreciation, Total	309,279	159,743
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment, Excluding Capital Leased Assets	$3,868,331	$3,559,052
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	7.50%
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)	57.31%
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, 2014	Dec. 31, 2013
	Loans
Fixed maturities [Abstract]
Original or Amortized Cost	$227,910,002	$209,710,626
Gross Unrealized Gains	13,020,260	8,791,365
Gross Unrealized Losses	-2,452,804	-3,577,189
Estimated Market Value	238,477,458	214,924,802
Available-for-sale Securities, Continuous Unrealized Loss Position [Abstract]
Total Unrealized losses	-2,452,804	-3,577,189
Amortized cost of debt securities, by contractual maturity [Abstract]
Due in one year or less	2,723,893
Due after one year through five years	19,444,054
Due after five years through ten years	78,079,450
Due after ten years	87,381,886
Collateralized mortgage obligation	1,005,081
Total	188,634,364
Estimated market value of debt securities, by contractual maturity [Abstract]
Due in one year or less	2,787,390
Due after one year through five years	20,607,694
Due after five years through ten years	82,024,008
Due after ten years	90,965,199
Collateralized mortgage obligations	1,097,165
Available-for-sale Securities, Debt Securities	197,481,456	174,409,824
Amortized cost of investment in fixed maturities rated below investment grade	9,142,063	13,842,824
Trading Securities [Abstract]
Fair value, derivative included in trading security liabilities	-23,853	-353,907
Fair value, derivatives included in trading security assets	6,250	194,000
Increase (Decrease) in Trading Securities [Abstract]
Trading securities, realized gain (loss)	-722,573	-36,876
Trading securities, net unrealized gain (loss)	245,995	35,932
Net Realized and Unrealized Gain (Loss) on Trading Securities	-476,578	-944
Mortgages [Abstract]
Mortgage Loans including Discounted Mortgage Loans	2,348,890	16,761,525
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	3.91%	3.25%
Residential loans maximum rate	8.00%	8.00%
Residential loans minimum rate	7.00%	7.00%
Loan limit threshold for appraised property value	80.00%
Average purchase price to outstanding loan (in hundredths)	27.30%
Mortgage loans reserve	0	0
Discounted mortgage loan portfolio payment performance [Abstract]
Number of discounted loans with no payments	8
Number of discounted loans one time payment received	1
Number of discounted loans irregular payments received	5
Number of discounted loans periodic payments received	9
Number of discounted loans	23
Discounted loans with no payments	0
Discounted loans with one time payment received	0
Discounted loans with irregular payments received	3,614,448
Discounted loans with periodic payments received	5,486,604
Discounted loans	9,101,052
Discounted mortgage loan holdings [Abstract]
In good standing	1,267,524	1,493,437
Overdue interest over 90 days	3,130,290	4,875,812
Restructured	219,973	4,037,814
In process of foreclosure	4,483,265	2,423,672
Total discounted mortgage loans	9,101,052	12,830,735
Total foreclosed discounted mortgage loans	56,576	6,294,403
NET INVESTMENT INCOME [Abstract]
Investment Income	25,124,477	30,328,355
Investment Income, Investment Expense	-8,774,758	-8,064,520
Consolidated Net Investment Income	16,349,719	22,263,835
Gain (Loss) on Investments [Line Items]
Gross realized gains	19,831,735	2,400,736
Gross Realized (Losses)	-2,773,562	-1,511,483
Total realized investment gains (losses), net	17,058,173	889,253
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Roll Forward]
Other than Temporary Impairment Losses, Investments, Total	162,905	1,201,775
Fair value of investments on deposit with state insurance departments	10,635,716	10,824,094
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	126,959	1,000,000
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	35,946	201,775
Fixed Maturity Available for Sale [Member]
Gain (Loss) on Investments [Line Items]
Gross realized gains	2,414,160	1,631,590
Gross Realized (Losses)	-1,135,417	-33,898
Total realized investment gains (losses), net	1,278,743	1,597,692
Fixed Maturities Available for Sale - OTTI [Member]
Gain (Loss) on Investments [Line Items]
Gross realized gains	0	0
Gross Realized (Losses)	-35,946	-201,775
Total realized investment gains (losses), net	-35,946	-201,775
Equity Securities [Member]
Gain (Loss) on Investments [Line Items]
Gross realized gains	673,821	76,973
Gross Realized (Losses)	-14,908	-10,245
Total realized investment gains (losses), net	658,913	66,728
Preferred stock [Member]
Gain (Loss) on Investments [Line Items]
Gross realized gains	1,986,303	411
Gross Realized (Losses)	0	0
Total realized investment gains (losses), net	1,986,303	411
Equity Securities - OTTI [Member]
Gain (Loss) on Investments [Line Items]
Gross realized gains	0	0
Gross Realized (Losses)	-126,959	-1,000,000
Total realized investment gains (losses), net	-126,959	-1,000,000
Real Estate [Member]
Gain (Loss) on Investments [Line Items]
Gross realized gains	14,757,451	691,762
Gross Realized (Losses)	-1,460,332	-254,430
Total realized investment gains (losses), net	13,297,119	437,332
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	8,225,640	8,060,930
Equity Securities [Member]
NET INVESTMENT INCOME [Abstract]
Investment Income	3,255,611	2,955,918
Trading Securities [Member]
NET INVESTMENT INCOME [Abstract]
Investment Income	-476,578	-944
Mortgage Loans [Member]
NET INVESTMENT INCOME [Abstract]
Investment Income	925,862	888,960
Discounted Mortgage Loans [Member]
NET INVESTMENT INCOME [Abstract]
Investment Income	3,666,991	7,672,483
Real Estate [Member]
NET INVESTMENT INCOME [Abstract]
Investment Income	8,695,153	9,967,590
Policy Loans [Member]
NET INVESTMENT INCOME [Abstract]
Investment Income	760,715	782,358
Short-term Investments [Member]
NET INVESTMENT INCOME [Abstract]
Investment Income	70,578	1,060
Cash and Cash Equivalents [Member]
NET INVESTMENT INCOME [Abstract]
Investment Income	505	0
U.S. Government and Government Agencies and Authorities [Member]
Fixed maturities [Abstract]
Original or Amortized Cost	23,036,161	32,963,938
Gross Unrealized Gains	1,970,791	3,156,158
Gross Unrealized Losses	-50,184	-107,550
Estimated Market Value	24,956,768	36,012,546
Available-for-sale Securities, Continuous Unrealized Loss Position [Abstract]
Less than 12 months, Fair value	0	4,889,060
Less than 12 months, Unrealized losses	0	-107,550
Twelve months or longer, Fair value	4,947,265	0
Twelve months or longer, Unrealized losses	-50,184	0
Total Fair value	4,947,265	4,889,060
Total Unrealized losses	-50,184	-107,550
States, Municipalities and Political Subdivisions [Member]
Fixed maturities [Abstract]
Original or Amortized Cost	95,000	110,000
Gross Unrealized Gains	2,385	0
Gross Unrealized Losses	0	-924
Estimated Market Value	97,385	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, Fair value		0
Twelve months or longer, Unrealized losses		0
Total Fair value		109,076
Total Unrealized losses	0	-924
Collateralized Mortgage Obligations [Member]
Fixed maturities [Abstract]
Original or Amortized Cost	1,005,081	1,289,975
Gross Unrealized Gains	92,091	116,900
Gross Unrealized Losses	-6	-13
Estimated Market Value	1,097,166	1,406,862
Available-for-sale Securities, Continuous Unrealized Loss Position [Abstract]
Less than 12 months, Fair value	0	1,922
Less than 12 months, Unrealized losses	0	-13
Twelve months or longer, Fair value	1,012	0
Twelve months or longer, Unrealized losses	-6	0
Total Fair value	1,012	1,922
Total Unrealized losses	-6	-13
Public Utilities [Member]
Fixed maturities [Abstract]
Original or Amortized Cost	399,927	399,913
Gross Unrealized Gains	55,913	49,567
Gross Unrealized Losses	0	0
Estimated Market Value	455,840	449,480
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	188,634,364	171,085,396
Gross Unrealized Gains	10,759,405	6,901,617
Gross Unrealized Losses	-1,912,313	-3,577,189
Estimated Market Value	197,481,456	174,409,824
Available-for-sale Securities, Continuous Unrealized Loss Position [Abstract]
Less than 12 months, Fair value	28,954,477	55,178,395
Less than 12 months, Unrealized losses	-416,560	-1,829,669
Twelve months or longer, Fair value	9,267,873	7,318,832
Twelve months or longer, Unrealized losses	-1,495,753	-1,747,520
Total Fair value	38,222,350	62,497,227
Total Unrealized losses	-1,912,313	-3,577,189
Less than 12 months Number of Securities	18	30
Twelve months or longer Number of Securities	7	5
Total Number of Securities	25	35
Equity Securities [Member]
Fixed maturities [Abstract]
Original or Amortized Cost	39,275,638	38,625,230
Gross Unrealized Gains	2,260,855	1,889,748
Gross Unrealized Losses	-540,491	0
Estimated Market Value	40,996,002	40,514,978
Available-for-sale Securities, Continuous Unrealized Loss Position [Abstract]
Less than 12 months, Fair value	6,067,132	0
Less than 12 months, Unrealized losses	-540,491	0
Twelve months or longer, Fair value	0	0
Twelve months or longer, Unrealized losses	0	0
Total Fair value	6,067,132	0
Total Unrealized losses	-540,491	0
Less than 12 months Number of Securities	25	0
Twelve months or longer Number of Securities	0	0
Total Number of Securities	25	0
All Other Corporate Bonds [Member]
Fixed maturities [Abstract]
Original or Amortized Cost	162,960,493	134,168,678
Gross Unrealized Gains	8,624,486	3,483,229
Gross Unrealized Losses	-1,659,193	-3,229,082
Estimated Market Value	169,925,786	134,422,825
Available-for-sale Securities, Continuous Unrealized Loss Position [Abstract]
Less than 12 months, Fair value	28,954,477	49,430,637
Less than 12 months, Unrealized losses	-416,560	-1,481,562
Twelve months or longer, Fair value	3,535,206	7,318,832
Twelve months or longer, Unrealized losses	-1,242,633	-1,747,520
Total Fair value	32,489,683	56,749,469
Total Unrealized losses	-1,659,193	-3,229,082
US Special Revenue and Assessments [Member]
Fixed maturities [Abstract]
Original or Amortized Cost	1,137,702	2,152,892
Gross Unrealized Gains	13,739	95,763
Gross Unrealized Losses	-202,930	-239,620
Estimated Market Value	948,511	2,009,035
Available-for-sale Securities, Continuous Unrealized Loss Position [Abstract]
Less than 12 months, Fair value	0	747,700
Less than 12 months, Unrealized losses	0	-239,620
Twelve months or longer, Fair value	784,390	0
Twelve months or longer, Unrealized losses	-202,930	0
Total Fair value	784,390	747,700
Total Unrealized losses	($202,930)	($239,620)

FAIR_VALUE_MEASUREMENTS_Financ

FAIR VALUE MEASUREMENTS, Financial Assets and Liabilities Measured on Recurring Basis (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Assets [Abstract]
Fixed Maturities, available for sale	$197,481,456	$174,409,824
Trading Securities	3,826,250	6,614,111
Liabilities [Abstract]
Trading Securities	23,853	353,907
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning Balance	32,410,399
Transfers in to Level 3	0
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share, Unobservable Input, Realized Gain (Loss), Total	2,160,964
Total Unrealized Gains (Losses) Included in Other Comprehensive Income	852,414
Purchases	2,318,000
Sales	-7,993,418
Ending Balance	29,748,359
Level 3 [Abstract]
In	0
Fixed Maturities [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning Balance	313,813
Transfers in to Level 3	0
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share, Unobservable Input, Realized Gain (Loss), Total	174,660
Total Unrealized Gains (Losses) Included in Other Comprehensive Income	194,420
Purchases	500,000
Sales	-313,168
Ending Balance	869,725
Level 3 [Abstract]
In	0
Equity Securities [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning Balance	32,096,586
Transfers in to Level 3	0
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share, Unobservable Input, Realized Gain (Loss), Total	1,986,304
Total Unrealized Gains (Losses) Included in Other Comprehensive Income	657,994
Purchases	1,818,000
Sales	-7,680,250
Ending Balance	28,878,634
Level 3 [Abstract]
In	0
Measured on a recurring basis [Member]
Assets [Abstract]
Fixed Maturities, available for sale	197,481,456	174,409,824
Equity Securities, available for sale	40,996,002	40,514,978
Trading Securities	3,826,250	6,614,111
Total Financial Assets	242,303,708	221,538,913
Measured on a recurring basis [Member] | Level 1 [Member]
Assets [Abstract]
Fixed Maturities, available for sale	13,374,878	19,407,301
Equity Securities, available for sale	4,756,292	1,643,803
Trading Securities	3,826,250	6,614,111
Total Financial Assets	21,957,420	27,665,215
Liabilities [Abstract]
Trading Securities	23,853	357,439
Measured on a recurring basis [Member] | Level 2 [Member]
Assets [Abstract]
Fixed Maturities, available for sale	183,236,853	154,688,710
Equity Securities, available for sale	7,361,076	6,774,589
Trading Securities	0	0
Total Financial Assets	190,597,929	161,463,299
Liabilities [Abstract]
Trading Securities	0	0
Measured on a recurring basis [Member] | Level 3 [Member]
Assets [Abstract]
Fixed Maturities, available for sale	869,725	313,813
Equity Securities, available for sale	28,878,634	32,096,586
Trading Securities	0	0
Total Financial Assets	29,748,359	32,410,399
Liabilities [Abstract]
Trading Securities	0	0
Measured on a recurring basis [Member] | Total trading securities liabilities [Member]
Liabilities [Abstract]
Trading Securities	$23,853	$357,439

FAIR_VALUE_MEASUREMENTS_Estima

FAIR VALUE MEASUREMENTS, Estimated Fair Value of Financial Instruments Required to be Valued by ASC 820 (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Assets [Abstract]
Fixed Maturities, available for sale	$197,481,456	$174,409,824
Trading Securities	3,826,250	6,614,111
Discounted mortgage loans	9,101,052	12,830,735
Investment real estate	51,007,101	83,585,359
Cash and cash equivalents	13,977,443	19,838,618	23,321,246
Liabilities [Abstract]
Trading securities	23,853	353,907
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	14,060,930	14,454,534
Discounted mortgage loans	9,101,052	12,830,735
Investment real estate	51,007,101	83,585,359
Policy Loans	11,104,485	11,860,960
Cash and cash equivalents	13,977,443	19,838,618
Financing Receivable, Gross	5,612,560	2,662,560
Other Assets, Fair Value Disclosure	4,382,181	0
Liabilities [Abstract]
Notes payable	4,400,000	19,097,534
Estimated Fair Value [Member]
Assets [Abstract]
Mortgage loans on real estate	14,236,676	14,734,756
Discounted mortgage loans	9,101,052	12,830,735
Investment real estate	51,007,101	83,585,359
Policy Loans	11,104,485	11,860,960
Cash and cash equivalents	13,977,443	19,838,618
Financing Receivable, Gross	5,612,560	2,662,560
Other Assets, Fair Value Disclosure	4,382,181	0
Liabilities [Abstract]
Notes payable	$4,400,000	$19,097,534

REINSURANCE_Details

REINSURANCE (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Reinsurance [Line Items]
Retention amount limit	$125,000
Gross insurance in force	1,400,000,000	1,500,000,000
Gross insurance ceded to reinsurers	287,000,000	313,000,000
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)	63.00%	62.00%
Percentage of reserves and liabilities (in hundredths)	25.00%
Effect of long duration reinsurance contracts on premiums earned [Abstract]
Direct	11,642,000	12,361,000
Assumed	26,000	31,000
Ceded	-3,127,000	-3,215,000
Net Premiums	8,541,000	9,177,000
Cash to purchaser	3,000,000
Approximate future policyholder benefits	3,600,000
Approximate cost of insurance acquired	600,000
Independent Order of Vikings (IOV) [Member]
Reinsurance [Line Items]
Remaining balance from gross insurance in force	1,503,000	1,551,000
Gross insurance in force, Reserve	346,000	350,000
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	$6,815,000

COST_OF_INSURANCE_ACQUIRED_Det

COST OF INSURANCE ACQUIRED (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Cost of insurance acquired [Roll Forward]
Interest rate used in amortization calculation	12.00%
Cost of insurance acquired, beginning of year	$10,636,412	$11,700,765
California cost of insurance acquired	-602,778	0
Interest accretion	1,298,980	1,426,703
Amortization	-2,284,630	-2,491,056
Net amortization	-985,650	-1,064,353
Cost of insurance acquired, end of year	9,047,984	10,636,412
Estimated net amortization expense of cost of insurance acquired for the next five years [Abstract]
2013 - Estimated interest accretion	1,181,000
2013 - Estimated amortization	2,088,000
2013 - Estimated net amortization	907,000
2014 - Estimated interest accretion	1,072,000
2014 - Estimated amortization	1,945,000
2014 - Estimated net amortization	873,000
2015 - Estimated interest accretion	967,000
2015 - Estimated amortization	1,806,000
2015 - Estimated net amortization	839,000
2016 - Estimated interest accretion	866,000
2016 - Estimated amortization	1,672,000
2016 - Estimated net amortization	806,000
2017 - Estimated interest accretion	770,000
2017 - Estimated amortization	1,546,000
2017 - Estimated net amortization	$776,000

INCOME_TAXES_Details

INCOME TAXES (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Income tax expense (benefits) [Abstract]
Current tax	$3,233,286	$87,815
Deferred tax	-2,150,359	693,109
Income tax expense	1,082,927	780,924
Income tax expense (benefit) reconciliation [Abstract]
United States statutory rate (in hundredths)	35.00%
Tax computed at statutory rate	3,894,334	1,627,828
Changes in taxes due to [Abstract]
Non-controlling interest	-1,073,704	-216,189
Effective Income Tax Rate Reconciliation, Tax Exempt Income, Amount	17,401	0
Small company deduction	-134,653	-437,070
Dividend received deduction	-1,414,353	-92,477
Other	-206,098	-101,168
Income tax expense	1,082,927	780,924
Deferred tax liability [Abstract]
Investments	2,728,928	2,202,177
Cost of insurance acquired	3,166,794	3,722,744
Deferred policy acquisition costs	0	129,425
Management/consulting fees	-57,454	-63,665
Future policy benefits	1,778,105	2,038,699
Deferred gain on sale of subsidiary	2,312,483	2,312,483
Other liabilities	-127,461	66,732
Federal tax DAC	-387,601	-774,954
Deferred income taxes	9,413,794	9,633,641
Gross deferred tax assets	2,405,249	2,562,650
Gross deferred tax liabilities	11,819,043	12,196,291
Valuation allowance	$0

CREDIT_ARRANGEMENTS_Details

CREDIT ARRANGEMENTS (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Scheduled principal reductions on notes payable for the next five years [Abstract]
2013	$0
2014	0
2015	0
2016	4,400,000
2017	0
UTG 2013-11-20 [Member]
Lines of Credit [Line Items]
Issue Date	20-Nov-13
Maturity Date	20-Nov-15
Revolving Credit Limit	8,000,000
Outstanding Balance	0	2,097,534
Borrowings	1,600,000
Repayments	3,697,534
Interest Rate	3.75%
Assets Pledged	100% of the common voting stock of its wholly owned subsidiary, Universal Guaranty Life Insurance Company ("UG").
HPG Acquisition 2012-12-27 [Member]
Lines of Credit [Line Items]
Interest Rate	4.00%
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	0	5,000,000
Borrowings	0
Repayments	5,000,000
Interest Rate	4.00%
Frequency of Payments	monthly
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]
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.
UTG Avalon 2014-12-29 [Member]
Lines of Credit [Line Items]
Interest Rate	3.50%
Frequency of Payments	quarterly
HPG Acquisitions 2012-12-27 [Member]
Debt Instrument [Line Items]
Issue Date	27-Dec-12
Maturity Date	4-Mar-18
Outstanding Principal Balance	0	12,000,000
UTG Avalon 2014-12-29 [Member]
Debt Instrument [Line Items]
Issue Date	29-Dec-14
Maturity Date	1-Apr-18
Outstanding Principal Balance	$4,400,000	$0

COMMITMENTS_AND_CONTINGENCIES_1

COMMITMENTS AND CONTINGENCIES (Details) (USD $)	12 Months Ended
	Dec. 31, 2014
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	4,000,000
Unfunded Commitment	1,904,000
Additional funding commitment	2,000,000
Marcellus HBPI, LLP [Member]
Investment Commitment [Line Items]
Total Funding Commitment	1,800,000
Unfunded Commitment	141,300
MM-Appalachia IV, LP [Member]
Investment Commitment [Line Items]
Total Funding Commitment	2,475,000
Unfunded Commitment	371,250
Additional funding commitment	825,000
Additional funding commitment subsequently called	371,250
Sovereign's Capital, LP [Member]
Investment Commitment [Line Items]
Total Funding Commitment	500,000
Unfunded Commitment	185,000
UGLIC, LLC [Member]
Investment Commitment [Line Items]
Total Funding Commitment	1,600,000
Unfunded Commitment	800,000
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, 2014	Dec. 31, 2013
STOCK REPURCHASE PROGRAM [Abstract]
Increase in stock repurchase program authorized amount	$1,000,000
Stock repurchase program authorized amount	7,000,000
Treasury Stock, Shares, Acquired	74,172
Amount paid to repurchase shares during the year	996,851
Amount of common stock repurchased	6,100,000
Number of common stock acquired (in shares)	662,698
Annual retainer fee paid to Director	8,000
Per meeting fee paid to Director	1,000
Stock Issued During Period, Shares, Restricted Stock Award, Gross	4,755	3,162
Stock issued during period price per share	$14.50	$10.75
Share-based Compensation, Total	68,948	33,992
EARNINGS PER SHARE CALCULATIONS [Abstract]
Basic Shares (Denominator) (in shares)	3,750,239	3,787,913
Effect of Dilutive Securities (Denominator) (in shares)	0	0
Diluted Shares (Denominator) (in shares)	3,750,239	3,787,913
Minimum statutory surplus required to maintain	2,500,000
Period from declaration of ordinary dividend requires notification to insurance commissioner	five
Minimum period prior to payment of dividend requires notification to insurance commissioner	ten
Percentage of statutory capital and surplus (in hundredths)	10.00%
Ordinary dividends paid	$4,800,000	$2,700,000
Period for which no extraordinary dividends paid	two

STATUTORY_ACCOUNTING_Details

STATUTORY ACCOUNTING (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Statutory Accounting Practices [Line Items]
Statutory net income	$12,200,025	$4,842,879
Statutory capital and surplus	$41,146,686	$34,897,819

RELATED_PARTY_TRANSACTIONS_Det

RELATED PARTY TRANSACTIONS (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
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	264,219
Equity Method Investments	1,000,000
Ownership interest in aircraft (in hundredths)	8.08%
Additional payment - Aircraft joint ownership agreement	1,600,000
Monthly operational fees	25,000
Costs associated with aircraft	879,453	427,776
Administrative Services and Cost	8,902,568	7,442,588
Servicing fee on loan (in hundredths)	0.25%
Loan origination (in hundredths)	0.50%	0.50%
Servicing fees	33,894	93,285
Origination fees	0	1,250
Reimbursement cost	325,479	56,510
Total reimbursement payment	$332,725	$332,029
UTG [Member]
Related Party Transaction [Line Items]
Ownership interest in aircraft (in hundredths)	30.10%

OTHER_CASH_FLOW_DISCLOSURES_De

OTHER CASH FLOW DISCLOSURES (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
OTHER CASH FLOW DISCLOSURES [Abstract]
Interest expense paid	$635,664	$751,773
Federal income tax	4,000	3,465,000
Bonds	27,651,746
Common Stock	1,023,394
Cash	2,480,706
Noncash transaction LOC	4.4	5
Noncash transaction short term investments		6.3
Noncash transaction real estate		6.3
Total reinsurance assets received	$31,155,846
Share Conversion	233

CONCENTRATIONS_Details

CONCENTRATIONS (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
	States
CONCENTRATIONS [Abstract]
Number of states by which entity primarily serves	4
Percentage of total direct premium from major states (in hundredths)	54.00%	54.00%
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)	29.00%	27.00%